Stuttgart / London, 9 January 2018 – To keep pace with the digital change, banks are disintermediating their front-, mid-, and back-office functions and taking a transformational path to blur the physical and virtual boundaries, and rotate to digital by establishing peer relationships. GFT Technologies SE is recognised and listed as one of the top 25 service providers for the financial industry worldwide. GFT is listed as a “Major Contender” in all four assessments that GFT has participated in: IT Outsourcing in Global Banking, IT Outsourcing in Global Capital Markets, Risk & Regulatory Compliance Application Services in Banking Financial Services (BFS) and Digital Services in Consumer Banking.
The positioning recognises the strong technical expertise in core banking applications as well as in new technologies and highlights GFT’s credibility as a digital transformation partner. Moreover, Everest Group concludes that GFT is perceived as a niche provider focused on BFS in the European region with an excellent nearshore delivery presence, whilst the assessment points out the flexibility to set up tailor-made contract terms and pricing modalities. Additionally, GFT has strong expertise in developing and maintaining applications for risk management and compliance reporting, offers regulatory change as-a-service encompassing tools as well as accelerators, consulting, and change management services. GFT differentiates through capabilities in workflow automation, cloud security & governance, data engineering, and agile delivery. Furthermore, the IT company leverages their Digital Innovation Labs to use Machine Learning (ML) and Neuro-linguistic programming (NLP) in existing offerings.
Commenting on the recognition, Marta Melon, GFT’s Global Alliances and Industry Analyst Relations Manager, said: “We believe this positioning is a reflection of our client-centric approach, our focus on innovation and new technologies as well as of our motivation to create tailor-made solutions for the finance industry.”
Everest Group’s PEAK Matrix™ assessments provide businesses with the analysis and insight they need to make decisions on global service providers, locations, products and solutions. Providers of these services and solutions look to the PEAK Matrix to benchmark their offering. The current assessment is based on Everest Group’s annual Request for Information (RFI) process for the calendar year 2017, interactions with leading services providers, client reference checks, and analysis of the consumer banking digital services market.
Please find the individual reports on Everest Group’s website:
- Navigating from Front to Back – Digital Services in Consumer Banking with Services PEAK Matrix™ Assessment 2018 and Profiles Compendium
Published on 15 December 2017
- Risk & Regulatory Compliance Application Services in BFS: Sustainable Competitive Advantage Through Digital Risk & Compliance Efforts – Service Provider Landscape with PEAK Matrix™ Assessment 2017
Published on 22 November 2017
- IT Outsourcing in Global Banking – Service Provider Landscape with PEAK Matrix™ Assessment 2017 and Profiles Compendium
Published on 30 June 2017
- IT Outsourcing in Global Capital Markets – Service Provider Landscape with PEAK Matrix™ Assessment 2017 and Profiles Compendium
Published on 30 June 2017