GHT.L Share News (GHT)

LONDON (Alliance News) - Gresham Computing PLC on Tuesday said it has launched a new version of the CTC accounts-receivable management application.

The new version of the application will be made available to the global transaction banking market, it said.

"At a time when traditional transaction services are facing severe competition, banks need to differentiate to win, retain and grow corporate accounts and drive net interest income. Our white-label platform enables banks to deliver enhanced cash management and analytic based products extremely rapidly at far lower cost than building in-house," said Chief Executive Ian Manocha.

Gresham Computing shares were untraded on Tuesday, having last traded at 105.00 pence.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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