Gresham Technologies, a provider of real-time transaction control and enterprise data integrity solutions, has confirmed that a Nordic bank has selected its Clareti Transaction Control (CTC) platform.

As part of a modernisation programme, the bank will use CTC platform in its wholesale banking operations.  The CTC will replace local manual processes, existing reconciliation legacy systems and internal user developed applications.

Additionally, the Clareti platform will enable the lender to implement a strategic control framework.

Using the solution, the bank’s multi-national processing operations can move towards a shared services model, the technology vendor said.

Gresham said that the bank has also selected Clareti 24 Adapters to integrate complex financial messaging data flows for SWIFT and FpML transactions.

The lender has also tapped Clareti Analytics to provide operational and risk management insights to improve performance.

The contract is valid for a period of five years, Gresham revealed.