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September 20, 2019

Gresham partners with ANZ to launch cash management solution

By Evie Rusman

Software Company Gresham Technologies plc has launched a new cash management solution as part of its partnership with ANZ.

The partnership hopes to encourage collaboration between different teams within the bank working across multiple time zones with Gresham staff.

Gresham’s new Clareti solution uses a modern micro-service architecture and leverages Google’s GKE On-Prem for secure and scalable deployment.

Ian Manocha, Gresham CEO, said: “Customer demand for tangible value from their bank relationships has never been greater.  Working with our partner ANZ and using the very latest digital innovation and modern technology, the Gresham team is developing exciting cash management solutions which will deliver benefits to the Bank and to their customers.”

Gresham aims to market the new technologies alongside its Clareti Multi-Bank service.

Mark Evans, Managing Director, Transaction Banking, ANZ said: “Our commitment to meet the dynamic needs of our customers, encompassing corporates, multinationals and financial institution, is at the centre of our digital strategy within the Institutional Bank.

“Customers are also looking at us for support in improving their own end-user experience. Our long-term strategic partnership with Gresham will support the delivery of innovative cash management capabilities and we are excited about the experience it will deliver.”

In other news…

Earlier this year, ANZ was one of the major banking groups to support fintech in a fundraising round.

In February, the banking giant raised $20m for open banking fintech Bud in its series A fundraising round. Other backers included HSBC, Goldman Sachs, Banco Sabadell and Investec.

ANZ was criticised in July following an accusation stating it had illegally charged its customers. 

The Australian financial regulator sued ANZ for allegedly charging its customers for transferring money between their accounts.

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