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

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