Gresham Computing plc, a leading provider of transaction control solutions to international financial institutions and corporates, today announced that it is expanding its presence in Australia with new regional headquarters in Sydney at 1 Pacific Highway, as well as a new office in Melbourne. The move to new premises in Sydney and new office in Melbourne reflect the growth that Gresham is seeing in the region. Revenues in Australia have increased by over 25% year on year with further growth expected throughout 2013.
Gresham is seeing strong interest in its flagship Clareti Transaction Control (CTC) solution from banks and financial institutions across the region as they look to put in place real-time transaction controls to reduce operational risk, and also to improve and expand the services they offer to customers. A key factor in this interest is the ability with CTC to rapidly on-board existing and emerging reconciliations onto a robust, best in class enterprise wide control platform to counter existing and emerging risks. This contrasts with existing ‘point’ solutions that are inflexible and which lack the integrity of purpose-built productised platforms.
“There is strong interest in CTC right across the Asia Pacific region - both from investment banks looking to implement real-time transaction controls, as well as from corporates seeking receivables matching solutions,” said Tom Olsson, Managing Director, Gresham Computing Asia Pacific. “We are firmly committed to investing and growing our presence in the region – by expanding our footprint and investing in new people. We are delighted to have significantly grown our team in Australia on the back of our successful partnership with ANZ and look forward to further growth throughout 2013.”