OREANDA-NEWS. Gresham Computing plc (LSE: "GHT", "Gresham" or the "Group"), the leading software and services company that specialises in providing real-time financial transaction control and enterprise data integrity software, is pleased to announce a new customer win in insurance.

A global provider of insurance and asset management services has contracted to use the CTC platform within its Singapore-based businesses after a competitive RFP and Proof of Concept process. CTC will be utilised to provide control and integrity of Nostro Bank Accounts, reconciling high value payments from customers against a number of internal policy ledger systems. Prior to implementing CTC these processes were managed using a combination of manual controls and spreadsheets; CTC will improve transaction integrity, create efficiencies and reduce operating costs, and will establish a robust global control framework for future projects.

This win will provide a solid contribution to the Group's planned CTC revenues in the current and future years, and has the potential to add further revenues as the customer's use of CTC grows.

Ian Manocha, CEO, commented:

"It's no surprise that another global financial services provider has chosen CTC over the alternatives. Existing customers are achieving break-through results and the platform's flexibility continues to attract new use cases.

Coupled with our recent North American wins, this new customer win in South East Asia validates our investment into these regions and further strengthens our recurring revenue base."