Providing Control to Financial Services<br />Jason Turner  |Gresham Computing<br />February 2011<br />
Gresham Computing Plc<br />A solid name in Financial IT for more than 35 years<br />Provider of real-time solutions and se...
Clareti Cash Reporting<br />Real-time nostro cash messaging<br />SWIFT accredited<br />More than 30 correspondent feeds<br...
Clareti Integration<br />Highly scalable integration<br />Wide range of adapters from Antique to Zeitgeist:<br />From COBO...
Clareti Virtual Accounts<br />Client money cash management solution<br />Enabling simple regulatory compliance<br />Clean ...
Gresham Computing Plc<br />What are we doing next?<br />We have:<br />good integration technology<br />& great data servic...
Project Darwin<br />An evolutionary leap in financial systems data control<br />Punctuating the equilibrium in that sector...
Organisations constantly innovate and commoditise<br />Today’sBoredom<br /><ul><li>Yesterday’s hot stuff</li></li></ul><li...
What are the banks doing?<br />UK bank and US bank have initiated a complete analysis of their Institutional process flows...
Anecdotes and Quotes<br />“What are the process controllers controlling?  We should remove control from their job title”. ...
The Need = The Opportunity<br />Provide an environment that rapidly addresses the innovation problem<br />Provide controls...
Technical Characteristics<br />Easy to implement<br />Natural expression of business rules, logic & concepts<br />Immediat...
We love it when a plan comes together!<br />14<br />
Why Gigaspaces?<br />We have successfully used Gigaspaces in other projects<br />Gives us the ease of scalability we requi...
More specifically…<br />We have successfully used for product development<br />Demonstrates good scaling characteristics w...
More specifically…<br />Using to OEM we find the tooling and APIs nice<br />APIs allow us to expose flexible options to ou...
More specifically…<br />Powerful data grid capabilities<br />We believe that the data grid will enable us to defer persist...
More specifically…<br />Has good take-up in our existing and target customer base<br />Credit Agricole / Calyon<br />CME<b...
More specifically…<br />Great online info<br />Good informative blogs<br />Communicative product management and consultant...
Gresham computing providing control to financial services
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Gresham computing providing control to financial services

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

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