OPEN BANKING AND CLOUD ARE THE TWIN PILLARS OF DIGITAL TRANSFORMATION FOR FINANCIAL SERVICES ORGANISATIONS

Cloud is a keystone of the strategic digital business platform that banks are starting to put in place. Such a platform requires enormous computing power and flexibility which is best achieved in a cloud environment. Only cloud can offer the scale, elasticity and flexibility that are necessary to move open banking from theory into practice.

As an advanced partner of Amazon Web Services (AWS), GFT is delighted to be able to offer an expedited journey to the cloud using the Open API framework. This framework is the result of GFT’s close partnership with AWS and is built in the light of our joint expertise in banking and cloud technology. The outcome of this collaboration is a practical framework that delivers open banking in weeks rather than months while offering the best security and data governance standards available.

We invite you to download our Point of View paper on “Open banking and the cloud”, in which we examine open banking as a catalyst of banking transformation and show the pivotal role of cloud technology in making this happen.

Within our interconnected, always on, financial services world that we are heading to, there can be no option but to look for infrastructure that scales with demand and allows me – the financial services organisation – to test ideas, not build for an idea that may not actually be successful, leaving me with an (...)”
Christian Ball Head of Retail Banking
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