LONDON (Alliance News) - Gresham Computing PLC said Tuesday that it has won a contract with an undisclosed European investment bank for its Clareti Transaction Control software platform.
The bank will use the platform to control its adherence to some transaction reporting regulations that are enforced by the UK Financial Conduct Authority. Financial details of the contract were not disclosed.
"Regulatory pressures on financial market participants continue to grow, with an increasing focus on accurate reporting of transactional information to the market and regulators," said Chief Executive Officer Chris Errington in a statement. "CTC is a robust platform from which to control and validate this transactional information providing customers with certainty over their compliance with regulatory requirements."
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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Gresham (GHT)