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Gresham computing providing control to financial services
Gresham computing providing control to financial services
Gresham computing providing control to financial services
Gresham computing providing control to financial services
Gresham computing providing control to financial services
Gresham computing providing control to financial services
Gresham computing providing control to financial services
Gresham computing providing control to financial services
Gresham computing providing control to financial services
Gresham computing providing control to financial services
Gresham computing providing control to financial services
Gresham computing providing control to financial services
Gresham computing providing control to financial services
Gresham computing providing control to financial services
Gresham computing providing control to financial services
Gresham computing providing control to financial services
Gresham computing providing control to financial services
Gresham computing providing control to financial services
Gresham computing providing control to financial services
Gresham computing providing control to financial services
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Gresham computing providing control to financial services

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  • 1. Providing Control to Financial Services
    Jason Turner |Gresham Computing
    February 2011
  • 2. Gresham Computing Plc
    A solid name in Financial IT for more than 35 years
    Provider of real-time solutions and services
    Core expertise in:
    Integration
    Data cleansing
    Best known products:
    Clareti Cash Reporting - Real time nostro cash reporting
    Clareti Integration
    Clareti Virtual Accounts
    2
  • 3. Clareti Cash Reporting
    Real-time nostro cash messaging
    SWIFT accredited
    More than 30 correspondent feeds
    Wide currency coverage
    We acquire & clean data in the cloud
    Deliver busines ready information to your systems & users
    Rapid integration & assured clean data on demand
    3
  • 4. Clareti Integration
    Highly scalable integration
    Wide range of adapters from Antique to Zeitgeist:
    From COBOL & screen scrape
    To JMS & Gigaspaces
    Easy to use but powerful
    Graphical UI defines configuration
    Able to drop to API code to handle edge cases
    Easy to maintain
    XML based configuration management
    4
  • 5. Clareti Virtual Accounts
    Client money cash management solution
    Enabling simple regulatory compliance
    Clean integration
    5
  • 6. Gresham Computing Plc
    What are we doing next?
    We have:
    good integration technology
    & great data services
    We need to:
    leverage these with value added services
    building out more capabilities for our customers
    Building a number of new products to leverage our core assets
    6
  • 7. Project Darwin
    An evolutionary leap in financial systems data control
    Punctuating the equilibrium in that sector
    More than just reconciliations
    More powerful reconciliations & controls
    Simple-to-configure reconciliations & controls
    Intuitive - quick to bring on-stream & manage
    Flexible & clear – easy to modify & maintain
    Very high processing rates
    Intelligence – very high auto-processing rates
    7
  • 8. Organisations constantly innovate and commoditise
    Today’sBoredom
    • Yesterday’s hot stuff
  • Processes need control across the innovation lifecycle
  • 9. What are the banks doing?
    UK bank and US bank have initiated a complete analysis of their Institutional process flows.
    US.B estimate that within NAM and EMEA they will find 2,500 gaps (a place where a transaction can fail without detection) – based on analysis of NAM futures flow
    UK.B estimate that they will find 600 break points
    Most banks tell similar stories
    Current solutions are not solving the innovation problem
  • 10. Anecdotes and Quotes
    “What are the process controllers controlling? We should remove control from their job title”. COO US Bank
    When is a hedge not a hedge?
    Let me tell you of the case of the missing 10Bn$
    A guaranteed investment opportunity?
    Currently $9Bn of operational fails over 7 days, giving a $1Bn capital provision
    100M$ of operational losses in FY10 (269M$ in FY08)
  • 11. The Need = The Opportunity
    Provide an environment that rapidly addresses the innovation problem
    Provide controls in a non invasive way that allows innovation but manages risk
    Provide a risk repository that continuously measures , manages and reports upon operational risk
    Address the 1BN$ per year that is lost to capital provision in the average institution
    12
  • 12. Technical Characteristics
    Easy to implement
    Natural expression of business rules, logic & concepts
    Immediate integration
    Able to load customers data schema without manipulation
    Learn customers business practice based on AI techniques
    Rapidly scale
    1000’s of messages will be received per second
    Volumes are bursty based on economic events
    Highly resilient and reliable
    Control becomes a mission critical application
    13
  • 13. We love it when a plan comes together!
    14
  • 14. Why Gigaspaces?
    We have successfully used Gigaspaces in other projects
    Gives us the ease of scalability we require
    No application server lock-in
    Gives us a good toolset and story for OEMing
    Powerful data grid capabilities
    Has good take-up in our target customer base
    Good support, communication and development
    Developer friendly
    15
  • 15. More specifically…
    We have successfully used for product development
    Demonstrates good scaling characteristics when properly used
    We have assessed the efficiency of the memory usage & transport
    And found it to be very good
    Enables scalability
    APIs enable a good mix of precise control and agnosticism
    16
  • 16. More specifically…
    Using to OEM we find the tooling and APIs nice
    APIs allow us to expose flexible options to our customers around deployment, redundancy, failover
    Tooling makes this easy to manage for our customers
    Tooling also allows us to report our metrics back to the customer in one place
    Clean APIs and Groovy support allow us to extend the toolset cleanly
    We anticipate a good experience with the web management console
    17
  • 17. More specifically…
    Powerful data grid capabilities
    We believe that the data grid will enable us to defer persistence to reduce database traffic
    The Document API gives us flexibility around our data
    18
  • 18. More specifically…
    Has good take-up in our existing and target customer base
    Credit Agricole / Calyon
    CME
    Commerz Bank
    Deutsche Bank
    Dow Jones
    Morgan Stanley
    Soc ieteGenerale
    19
  • 19. More specifically…
    Great online info
    Good informative blogs
    Communicative product management and consultants
    Responsive and customer-focused support
    Developer friendly
    Nice use of other technologies
    Spring
    Groovy
    Open to innovation
    20

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