London, 21 May, 2015 – Gresham Computing plc, a leading provider of transaction control solutions to international financial institutions and corporates, announced today that Willis, one of the world’s leading insurance brokers, has selected Gresham’s Clareti Transaction Control (CTC) solution for real-time matching and reconciliation of transaction data across its global business.
Willis is leading global risk advisor, insurance and reinsurance broker, with more than 18,000 employees in over 400 offices, the firm will deploy CTC as a strategic control platform for the reconciliation and control of insurance transactions in all markets. The firm will use CTC to replace existing controls and introduce new ones – helping it to improve operational control and deliver efficiencies while also meeting growing regulatory requirements. The solution was selected following an assessment of key factors such as rapid on-boarding time, auditability, scalability and stability.
“As a dominant and forward-looking member of the global insurance community, the firm was looking for a solution that will bring maximum control and efficiency to the processing of transactions across its business. The deployment of CTC will deliver significant benefits,” commented Chris Errington, CEO of Gresham. “The implementation represents a significant milestone for Gresham in the non-bank market, and demonstrates CTC’s wide applicability.”
CTC will initially be used by the broker for the matching and reconciliation of non-standardised (with no industry standard format) intercompany transactions and also for reconciling standardised (where there is an industry standard) transactions on the London bureau market against internal systems. The solution will later be deployed for the matching and reconciliation of non-standardised, non-bureau transactions.
About Gresham Computing
Gresham Computing plc is a leading provider of software solutions to international financial and corporate institutions and is listed on the main market of the London Stock Exchange (GHT.L). With over 30 years’ experience and headquartered in the City of London, our many customers include several of the world’s largest financial institutions, all of whom are served locally from offices located in Europe, North America and Asia.
Note: This news item was previously the subject of an RNS issued on the London Stock Exchange Regulatory News Service in April 2015.
For more information contact:
Ginette Lacroix, Global Marketing Director
Gresham Computing plc
T: 44(0)20 7653 0295
For press enquiries contact:
T: +44 (0) 20 3100 3767