Last checked at 28 Jun 2019 07:00
RNS
28th June 2019
Gresham Technologies plc
Strategic fintech partner signs new Clareti technology licence agreement
Gresham Technologies plc (LSE: "GHT", "Gresham" or the "Group"), the leading software and services company that specialises in providing real-time data integrity and control solutions, is pleased to announce that it has signed a licence agreement with ANZ Bank ("ANZ"), its strategic fintech partner, for new digital open banking technology arising from the innovation service first announced on 26 September 2018.
This new Clareti open banking technology platform, built using a framework of existing Clareti intellectual property and new developments, is designed to support ANZ's digital transformation programme and forms an important part of its next generation of corporate banking solutions. In the future, Gresham intends to market the technology as part of a broader suite of modern open banking solutions, including the existing Clareti Multi Bank cloud service.
The licence agreement commences on 30 June 2019 with a minimum subscription fee of AUD $450k per annum. Fees are expected to rise over the 5-year term of the contract as milestones are reached and as ANZ's customers adopt the technology, up to a maximum of AUD $4 million per annum. The innovation service is ongoing and expected to continue at current levels for the foreseeable future.
Enquiries
Gresham Technologies plc | +44 (0) 207 653 0200 |
Ian Manocha |
|
Tom Mullan |
|
|
|
N+1 Singer (Joint Broker) | +44 (0) 207 496 3000 |
Shaun Dobson / Lauren Kettle (Corporate Finance) |
|
Tom Salvesen (Corporate Broking) |
|
|
|
Cantor Fitzgerald Europe (Joint Broker) | +44 (0) 207 894 7000 |
Philip Davies |
|
Richard Salmond |
|
Inside information
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.
Note to editors
Gresham Technologies plc is a leading software and services company that specialises in providing real-time data integrity and control solutions. Listed on the main market of the London Stock Exchange (GHT.L) and headquartered in the City of London, its customers include some of the world's largest financial institutions, all of whom are served locally from offices located in Europe, North America and Asia Pacific.
Gresham's award-winning Clareti software platform has been designed to provide financial institutions with complete certainty in their data processing. Clareti is a highly flexible and fully scalable platform for ensuring the integrity of data across an enterprise. It is designed to address today's most challenging financial control, risk management, data governance and regulatory compliance problems.