Gresham and ANZ partnership progresses innovative cash management solution
Clareti technology ensures development of the bank’s new solution is on track
London - 20 September, 2019 - Gresham Technologies plc, the leading software and services company that specialises in providing real-time solutions for data integrity and control, banking integration, payments and cash management provides further details of its recent strategic licencing agreement with ANZ for a new and innovative cash management solution.
Gresham and ANZ have partnered to deliver a complex project which has involved collaboration between teams from a number of different areas of the bank working across multiple time zones with Gresham staff in Asia Pacific and at its Innovation Labs in the UK. The agility and specialist fintech skills of the Gresham team, combined with the Bank’s deep understanding of their customer segments, has proved to be invaluable to the innovation process and speedy delivery of the new solution.
Gresham’s new Clareti banking solution is built using a modern microservice architecture and leverages Google’s GKE On-Prem for secure and scalable deployment. The new technologies are the foundation of its next generation of corporate cash management and payments solutions which Gresham intends to market alongside its established Clareti Multi-Bank service.
Highlights of the partnership journey to date include:
- demonstrating benefits that can be realised by effective partnering between large banks and experienced fintechs;
- enabling the Bank to access the latest technologies for rapid creation of customised products to meet corporate and institutional customer requirements;
- demonstrating the value of microservice architectures, APIs and agile ways of working to accelerate new product development processes;
- proving the robustness of Gresham’s Clareti technologies and collaborative development processes.
Ian Manocha, Gresham CEO, commented:
“Customer demand for tangible value from their bank relationships has never been greater. Working with our partner ANZ and using the very latest digital innovation and modern technology, the Gresham team is developing exciting cash management solutions which will deliver benefits to the Bank and to their customers. The product development work is firmly on track and we are delighted with the results we are achieving. ”
Mark Evans, Managing Director, Transaction Banking, ANZ commented:
“Our commitment to meet the dynamic needs of our customers – encompassing corporates, multinationals and financial institutions– is at the centre of our digital strategy within the Institutional Bank. Customers are also looking at us for support in improving their own end-user experience. Our long-term strategic partnership with Gresham will support the delivery of innovative cash management capabilities and we are excited about the experience it will deliver.”
Gresham (Stand F107) and ANZ (Stand F121) are exhibitors at the SWIFT Sibos 2019 event in London, 23 to 26 September.
About Gresham Technologies plc:
“Gresham is a leading software and services company that specialises in providing real-time solutions for data integrity and control, banking integration, payments and cash management. 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 and corporates, all of whom are served locally from offices located in Europe, North America and Asia Pacific.
Gresham's award-winning Clareti software platform is a highly flexible and scalable platform, available on-site or in the cloud, designed to address today's most challenging financial control, risk management, data governance and regulatory compliance problems.”
ANZ is one of the five-largest listed companies in Australia and number one bank in New Zealand, with a market capitalisation of A$81 billion and total assets of A$942.6 billion as of 30 September 2018. ANZ operates in 33 markets across Australia, New Zealand, Asia, Pacific, Europe, Middle East and America. ANZ’s ~38,000 staff serve retail, commercial and institutional customers through consumer and corporate offerings in core markets, and regional trade and capital flows across the region.
Gresham Technologies plc
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