23 January 2018
visit http://response.ncr.com

CMC Markets implements reconciliation tech from Gresham

30 April 2014  |  3238 views  |  0 Source: Gresham Software

Gresham Computing plc today announced that CMC Markets, one of the leading providers of financial spread betting and CFD trading, is implementing Gresham's Clareti Transaction Control solution (CTC) to automate the reconciliation of cash movements across its global operations.

CTC is being deployed across the firm's Nostro Reconciliation teams in the UK and Australia.

Gresham CTC gives CMC Markets increased flexibility, scalability and the ability to quickly on-board reconciliations for new instruments and transaction types. CMC Markets was looking for an innovative solution, which it could deploy globally, and which would scale easily as its business grows.

By reconciling cash movements across all areas of CMC Markets' business, including spread betting, CFD and forex transactions, CTC will immediately highlight any discrepancies that occur helping CMC Markets to minimise operational risk and benefit from real-time financial certainty.

"As part of our commitment to innovation and providing the highest level of customer service, we look to partner with organisations who take a similar approach in their business. Gresham's CTC solution really stood out for its ability to deploy new reconciliations quickly and cost effectively. The Gresham team understood our needs from the outset and is working closely with us to help us gain maximum benefit from the roll out of CTC including enhanced governance and control," said David Worsfold, Head of Operations for CMC Markets.

Thanks to CTC's unique on-boarding wizard, CTC Onboarding Accelerator, the implementation at CMC Markets will be straightforward and intuitive. CTC Accelerator orchestrates the on-boarding of all reconciliations without the need for time-consuming data transformation or manual configuration of schemas, matching rules and dashboards. This will allow CMC Markets to rapidly configure new reconciliations as required.

"CMC Markets is widely recognised as an innovator in the spread betting and CFD trading arena and recognises the benefits the latest technology can bring as it expands its business. As the volume of transactions it handles continue to grow, it's essential that CMC Markets can reconcile its cash positions in real time and achieve real-time financial certainty across its entire portfolio," said Bill Blythe, Global Business Development Director, Gresham Computing.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.ebaday.comvisit www.capgemini.com

Top topics

Most viewed Most shared
Banks shift priorities toward growth, digitisation and innovation - surveyBanks shift priorities toward growth, digi...
9315 views comments | 37 tweets | 48 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
9164 views comments | 14 tweets | 14 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
8948 views comments | 12 tweets | 12 linkedin
Sbanken opens developer portal and invites customers to build their own digital bankSbanken opens developer portal and invites...
8268 views comments | 17 tweets | 11 linkedin
Metro Bank joins digital revolution with instant online account openingMetro Bank joins digital revolution with i...
6909 views comments | 13 tweets | 25 linkedin

Featured job

Competitive base + commission (double OTE)
London, UK

Find your next job