GFT, a global technology partner for digital transformation of the financial sector, and Anubex NV, a Belgian company specialising in application migration and modernisation, have signed an agreement to work jointly on projects for their clients in the financial industry. Based on this new alliance, the companies will cooperate on projects to modernise mainframe downsizing (automatic conversion and testing).
Anubex will contribute its experience and methods in automatic code- and data-conversion processes, as well as its proprietary tools and highly specialised technical staff. In addition to its end-to-end project management skills, GFT will contribute full integration and its in-depth knowledge of infrastructure, security, print management, third-party product installation, optimisation, and the testing and production phase.
“Thanks to this strategic alliance, GFT will be able to continue offering its clients with downsizing projects the same quality service level and the same results we offer in other digital transformation areas”, said Carlos Eres, Managing Director of GFT Spain. He went on to say, “This cooperation agreement between the companies began with projects of this kind in Italy, but is now being expanded to other European markets such as Spain, where a first project has already been successfully started with one Financial Entity”.
Louis Heymans, Managing Director of Anubex, said that, “for Anubex, the alliance with GFT represents a great opportunity to offer our outstanding tools and combined competence to more clients at global level, including some major financial institutions”.
Cost savings and improved operational efficiency
Company downsizing processes can provide considerable savings in infrastructure and operations. Technological development enables us to improve end customers’ experience by offering them a series of features that would be unaffordable on current mainframe systems. Downsizing projects therefore involve reducing mainframe costs by migrating to more economical platforms without any loss in performance. In fact, GFT’s experience with these kinds of projects has shown that migrating expensive mainframes to more economical platforms can reduce operating costs by 50% to 80% in different areas such as license and maintenance costs, and even personnel expenses, given that fewer and fewer mainframe technical specialists are available. The migration process to the new system also includes the conversion of any data stored on obsolete files or databases to relational databases, thus making data retrieval and integration tasks much easier.