Investment Banks

The Imperative to reconcile systems and data in real-time

In the face of new regulatory challenges and tougher business environments, there is an increasing demand to on-board reconciliations faster and to reconcile systems and data in real-time. There is an ever-increasing need to reconcile large sets of Intersystem or complex data, Front-Office to Back-Office data, Middle-Office to Back-Office data, often within a day or two of receiving the data. This requires an enterprise class technology and current solutions are simply failing to deliver. Gresham offers the answer with an unmatched standard in scalability, time to market, and Real-time Financial Certainty®.

Gresham has taken tried and tested technology innovations from areas such as Big Data Analytics and Grid Computing and applied them to the Reconciliations and Matching market. Our technology is responsive to customer demand and requirements in this market, in which existing ‘Nostro’ reconciliation vendors, encumbered by the inertia of their legacy architectures, are unable to respond. Many traditional solutions in the market offer inflexibility, expensive and elongated deployments and are difficult to fine tune for scalability and increased performance. A major drawback is often the time required to on-board new reconciliations and deal with new data formats.

The market is full of businesses with very significant technology investments still unable to deal with their backlog of reconciliations, often left with stalled or abandoned implementation projects and uncontrolled risk. Gresham has designed and developed CTC with current and future challenges in mind, responsive to the market and customer agenda. CTC has been designed to rapidly on-board data and reconciliations; introducing control fast. This doesn’t mean that past investment needs to be written off since CTC was also designed to supplement existing technologies, whilst retiring their areas of weakness and implementing a wider strategic framework.