Banking
Flexible core banking solutions for an industry in upheaval
Due to current challenges in the financial sector and the new regulatory requirements these entail, financial institutions need to adapt and modernise
their core banking systems. GFT has a wealth of experience in selecting, analysing, planning and implementing new core banking platforms.
their core banking systems. GFT has a wealth of experience in selecting, analysing, planning and implementing new core banking platforms.
The business environment banks operate in continues to change all around them: mergers, takeovers and spin-offs are the order of the day. On top of all this, banks also need to keep expanding, cut costs, launch new products, and fulfil new legal requirements – all of this on an ongoing basis.
To meet these challenges, more and more banks are deciding to modernise their core banking systems so that they are able to meet the challenges of today and tomorrow.
Services
Selecting, planning and implementing a new core banking system is a complex process. For a start, it is vital to correctly assess the risks involved in migrating to a new system. To do this, you need detailed knowledge of the underlying business processes and technology.
At GFT, we leverage our extensive expertise in developing and maintaining core banking systems to help you make the right decisions and ensure implementation runs smoothly.
Our services include:
Manufacturer-independent competence centres
As an IT service provider, we advise our customers independently and are not bound to any particular product. And we never lose sight of our customers’ unique needs and interests. Objective banking specialists and technical experts support you throughout the whole process.
Thanks to our partnerships and in-house experts in leading core banking systems – such as Avaloq, SAP and Temenos T24 – you benefit from our knowledge of upcoming developments at different providers. This also ensures we know exactly what we’re doing when we replace your old system with the new one.
Reference projects
We have already carried out numerous core banking renewal projects. Here are a just a few examples:
To meet these challenges, more and more banks are deciding to modernise their core banking systems so that they are able to meet the challenges of today and tomorrow.
Services
Selecting, planning and implementing a new core banking system is a complex process. For a start, it is vital to correctly assess the risks involved in migrating to a new system. To do this, you need detailed knowledge of the underlying business processes and technology.
At GFT, we leverage our extensive expertise in developing and maintaining core banking systems to help you make the right decisions and ensure implementation runs smoothly.
Our services include:
Software evaluation and process analysis: GFT advises banks on the selection of a suitable core banking system, using lists of key criteria tailored to the bank’s needs. Decisions like this mean considering a number of aspects, starting with the bank’s positioning, its products, the processes they entail, affiliated companies and economic factors. Our team has both the professional and technical expertise to carry out such selection processes successfully.
Planning and implementation: This entails a clear definition of the project’s targets and scope, efficient project management, holistic testing methods, and a definition of the migration strategy including the fallback scenario. These are just some of the areas key to securing the project’s success.
Change management: To migrate entire systems to a new core banking infrastructure, the bank and its employees need to be change-ready. We provide comprehensive training to ensure a smooth, simultaneous transition to new processes and IT systems.
Manufacturer-independent competence centres
As an IT service provider, we advise our customers independently and are not bound to any particular product. And we never lose sight of our customers’ unique needs and interests. Objective banking specialists and technical experts support you throughout the whole process.
Thanks to our partnerships and in-house experts in leading core banking systems – such as Avaloq, SAP and Temenos T24 – you benefit from our knowledge of upcoming developments at different providers. This also ensures we know exactly what we’re doing when we replace your old system with the new one.
Reference projects
We have already carried out numerous core banking renewal projects. Here are a just a few examples:
Carrying out a requirements analysis and creating a comprehensive process model and decision-making template for a core banking system for the foreign subsidiary of a German universal bank.
Implementing an Avaloq core banking solution for a Swiss private bank. GFT was involved in every step of the project, from initial analysis to setting up the new core banking system.
Implementing Temenos T24 interfaces for private asset management at a major European bank.
Implementing an SAP Core Banking suite at a German regional bank, from preliminary studies to go-live.
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