Open banking: realising business value with cloud

Open banking describes the use of open application programming interfaces (APIs) that enable the sharing of consumer transaction data and payments (with consumer consent), with trusted third party providers allowing them to deliver added-value services and initiate payments from the chosen customer bank account.

Open banking: realising business value with cloud

Open banking describes the use of open application programming interfaces (APIs) that enable the sharing of consumer transaction data and payments (with consumer consent), with trusted third party providers allowing them to deliver added-value services and initiate payments from the chosen customer bank account.

GFT has been working with our partner AWS to develop solutions that help financial institutions manage, transform, and store their data securely. With the rise in the production and usage of data, for artificial intelligence and data analytics, firms need a robust and scalable way of managing this growing demand.

With support from AWS, GFT offers a number of solutions, including a flexible way for retail banks to move towards a flexible ‘open banking’ environment, as well as an innovative and transparent solution for managing regulatory data requirements, along with the proactive management of regulatory data reporting in a cloud-based solution.

Open banking: Realising business value with cloud

The capabilities of AWS cloud technology allows clients to demonstrate the ‘art of the possible’ quickly and cost effectively. The GFT / AWS acceleration service offers a quick-start guide for building front-to-back solutions for given open banking business challenges, based on AWS architecture.

Embracing the cloud for regulatory reporting

GFT, with the support of Amazon Web Services, have created a cloud native transactional reporting infrastructure and service.  This service allows financial institutions to leverage their data in ways previously unprecedented and can offer up to 10x cost-savings versus the same service on-premise.

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Our specialists

Peter is GFT’s Global AWS practice lead and enterprise cloud architect, specialising in day 0 operational maturity for both Enterprise and Fintech centric financial services moving to the AWS platform.

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Our specialists

As part of the GFT AWS practice, Andrew specialises in the build out of enterprise ready solutions in highly regulated tier 1 banks.

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Our specialists

Dileep has over 15 years of IT experience in designing, building and delivering IT systems. At GFT he specialises in trusted partner relationships with enterprise CCoE’s

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Our specialists

Henry specialises in the migration of complex platforms, aided by his extensive experience in Financial Services and Technology, with demonstrated and comprehensive expertise in application management and software development.
He joined us from Capital One where he led the migration of murex to AWS.

Infographic Open Banking

SFTR value proposition Discovery plan

SFTR is designed to improve transparency and oversight. For this reason GFT focuses on data analytics from the start to manage, develop, test and (...)

Infographic Open Banking

SFTR value proposition Discovery plan

SFTR is designed to improve transparency and oversight. For this reason GFT focuses on data analytics from the start to manage, develop, test and (...)