“This current phase of control automation is just the beginning for us, consisting of our most time-consuming legacy controls which we have been unable to automate through other means. In the near future we are looking to utilise the power of Gresham’s Control on much higher volume controls, processing millions of records per day to ensure that not even one customer journey has been negatively impacted by an incomplete or inaccurate transaction.”
Retail banking controls
Retail banking controls
Rapid innovation in retail banking has strained operations struggling with legacy systems amidst rising customer expectations. Operations and control teams require centralised, data-agnostic control frameworks to support dynamic new offerings.
We provide retail banks an end-to-end automation source for validating, reconciling and reporting data and controls. Our solutions increase efficiency by reducing manual processes and consolidating disparate data feeds into unified control frameworks. This dramatically improves retail banks' ability to create flexible controls matching innovative consumer products and services while reducing costs, boosting efficiency and minimising risks.
Payment controls
payment controls
When it comes to payments, customers demand innovation and speed, challenging providers to maintain control amid soaring data volumes. Yet with rising regulatory scrutiny and fraud risks, robust data controls are necessary for ensuring security and compliance.
We empower payments providers to build strong, scalable controls tailored to business needs. Rapid onboarding and full support accelerate time-to-market. Our data-agnostic technology consolidates disparate data formats and systems across operations into centralised control frameworks. Leveraging reconciliation/control experts frees internal resources for higher-value activities. Achieve the perfect balance of swift innovation and comprehensive data integrity.
Intelligent connectivity
intelligent connectivity
Banks face increasing complexity with more third-party relationships across the financial ecosystem, each with unique connectivity requirements and data formats. Managing this web can quickly become costly and burdensome.
We provide intelligent connectivity solutions simplifying this complexity for retail banks and payments providers. Our pre-built connectors integrate seamlessly, while our deep expertise enables rapid deployment of custom requirements. A fully managed service option frees your team to focus on core business priorities, as connectivity experts handle integration across the intricate ecosystem. Eliminate connectivity challenges with a streamlined, cost-effective solution.
Message transformation
message transformation
Having the right data in the proper format where needed is critical yet often challenging for banks. Multiple messaging standards and proprietary formats across institutions require constant data transformation amid endless changes. ISO 20022's emergence as a global standard increases this complexity and importance.
We offer a fully managed solution to acquire, format and produce standards-based messages like FIX, FPML, ISO 20022 and more. Whether you need efficient translation solutions or to optimise processes leveraging ISO 20022's enriched data, we provide off-the-shelf and custom options. Our service includes full standards revision and maintenance to simplify compliance. Eliminate data challenges with a hassle-free managed service.
Data transformation
data transformation
Digital transformation into innovative, customer-centric organisations is key for banks and payments firms to stay competitively differentiated. However, legacy infrastructures and extensive manual processes constrain their ability to meet evolving demands, scale for growth and enter new markets.
Our effective data migration and transformation solutions empower these firms to digitally transform legacy systems. Built for scale, we provide powerful connectivity (including SWIFT messaging) and flexible controls that accommodate customer-driven innovation while eliminating manual tasks, simplifying integration, boosting efficiency and reducing operational risk. Modernise intelligently to delight customers and outpace competitors.
Digital banking
digital banking
Digital neo and challenger banks face aggressive timelines to stay competitive. Connecting multiple systems, data sources and services is critical to eliminate exposure to errors that lead to payment processing and reporting gaps, obscuring problems.
Automating reconciliations while managing data flows and connectivity across operations prevents errors from escalating undetected. Stringent system monitoring and tracking swiftly identifies and handles issues. Real-time reporting and monitoring provide the operational and data control digital banks need as they rapidly scale new ventures. Robust integration and automated controls are essential for seamless digital banking rollouts.
Legacy replacement
legacy replacement
Legacy systems and outdated data infrastructures prevent banks and payment providers from adapting to changing customer demands and increasing complexity. To compete and grow, they need robust, future-proof control frameworks minimising risk, driving efficiency and optimising resources.
Our solutions help these firms digitally transform legacy infrastructures, controlling and connecting more data to meet evolving expectations and accelerate innovation. We reduce manual interventions prone to errors, while increasing data accuracy and visibility. This powers payments, operations, reconciliation and regulatory workflows aligned with business objectives. Modernise intelligently to delight customers and outpace disruptors.
Regulatory compliance
regulatory compliance
New compliance mandates and heightened regulatory scrutiny put immense pressure on banks and payments firms. Regulators reject poor data quality excuses for non-compliance, issuing fines and reputation-damaging penalties for control failures.
We enable these firms to meet regulatory demands with confidence through comprehensive data integrity controls. Managing all controls in one system provides the holistic view needed to identify and rectify issues. Clear data visibility and audit trails assure internal and external stakeholders of compliant operations. With a strong foundation of accurate, complete data and robust controls, organisations can demonstrate confident compliance.
It's time for banks to get their heads in the Cloud
Banks and financial institutions have been hesitant to adopt public cloud technology due to a fear of losing control. Neil Vernon, CTO at Gresham Technologies, analyses the psychological barriers facing financial services executives and how to overcome them.
Brink's expands use of Clareti Platform to deliver enhanced payments services
Brink's has extended its use of Gresham’s Clareti technology, selecting its Clareti Connect solution to manage the integration of payments messages across Brinks’ network of transaction banks, enabling complete, visibility on payment statuses.