GFT press releases

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Press release 30. May 2023
Hauck & Aufhäuser starts coverage of GFT with buy recommendation and target price of €44
Hauck & Aufhäuser Investmentbanking has initiated coverage of GFT Technologies SE. The analysts recommend buying the shares of the digital transformation expert. The price target is €44.00. Based on the Xetra closing price on May 25, 2023, this means a price potential of almost 60%.
Financial news 12. May 2023
Pressure to digitalise banks spurs growth of GFT
GFT achieved highly dynamic and profitable growth over the course of 2022: revenue rose by 29 percent, EBT by 65 percent and adjusted EBITDA by 33 percent.
Press release 25. Apr 2023
Brits unhappy with foreign banking charges; only 26% clear on fees
GFT’s latest Banking Disruption Index highlights the frustration consumers feel with their bank when spending abroad.
News 18. Apr 2023
Acquisition of targens completed
GFT formally completed the acquisition of targens GmbH on 3 April and adjusted the management structure. The transaction was announced in February 2023.
Press release 28. Mar 2023
GFT say goodbye to cobol
In the fast-paced world of technology, there is no room for outdated standards. Yet in 2023, COBOL, a programming language debuted in the 1950s, is still ubiquitous. This is increasingly becoming a problem for users, due to the high costs of mainframe use and a shortage of experts needed for new development and maintenance.
News 20. Mar 2023
FS Tech Awards: GFT and VP Bank win for digital asset innovation
GFT and VP Bank won the "Digital asset innovation of the year" category at the 2023 FS Tech Awards. This achievement underscores VP Bank’s innovative spirit and GFT's expertise and leadership on technology solutions for the financial industry.
News 15. Mar 2023
GFT Technologies founder Ulrich Dietz receives award from Lünendonk for his life’s work
Ulrich Dietz, founder and Chairman of the Administrative Board of GFT Technologies, has been honoured by Lünendonk, one of the leading market research companies across the German-speaking countries, with the Lünendonk B2B Service Award for his life’s work.
Financial news 02. Mar 2023
Pressure to digitalise banks spurs growth of GFT
GFT achieved highly dynamic and profitable growth over the course of 2022: revenue rose by 29 percent, EBT by 65 percent and adjusted EBITDA by 33 percent.
Press release 23. Feb 2023
GFT expands: IT group acquires targens from LBBW
GFT Technologies SE (GFT) is acquiring 100% of shares in targens GmbH, an expert consultancy for banking, compliance and digital innovation, from Landesbank Baden-Württemberg (LBBW). The transaction was closed in early Q2 2023.
News 16. Feb 2023
GFT a Major Contender in the 2023 Guidewire Services PEAK Matrix® Assessment
Everest Group recognises GFT as a Major Contender and Star Performer in the Guidewire Services PEAK Matrix® Assessment 2023 report.
Press release 09. Jan 2023
GFT’s latest Banking Disruption Index indicates that banking customers are feeling increasingly apprehensive checking their finances.
Three in four Brits feel anxious when checking their mobile banking app and more than half want their banks to be more proactive in contacting them if they’re heading towards financial distress.
Press release 13. Dec 2022
Ambitious climate protection: independent Science Based Targets initiative confirms GFT’s new climate targets
Like all businesses, the software sector is under pressure to reduce its CO2 emissions. GFT has therefore set itself new and ambitious climate targets. The software company is aiming for a 50% reduction in its operational greenhouse gas emissions (Scopes 1 and 2) by 2030.
News 08. Dec 2022
Banking Tech Awards: awards for blockchain and digital banking projects
GFT client VP bank leverages DLT to create new revenue stream, virtual bank Mox used Thought Machine’s cloud-native core banking technology to create a new bank in record time.
Financial news 15. Nov 2022
GFT Group continues to grow, upgrades earnings guidance
As of 30 September 2022, GFT UK employed a total of 265 people (full-time equivalents), corresponding to year-on-year growth of 24% percent (30 September 2021: 214).
Press release 24. Oct 2022
Low trust amongst banking customers as recession looms
IT specialist GFT launches the UK’s first Banking Disruption Index to assess consumer sentiment towards the digital capabilities of British banks.
Press release 29. Sep 2022
Macif success: Insurer cuts cost and gains flexibility with Guidewire cloud launch
Over 180,000 quotations, 70,000 contracts, and 300 claims submitted in the first three weeks. French mutual insurer Macif is now using Europe’s leading core insurance platform on the cloud.
Press release 13. Sep 2022
GFT advances in 2022 IDC FinTech Rankings
Following a record year, GFT is regonised as fast track company.
Financial news 11. Aug 2022
GFT consolidates above-market growth
GFT achieves significant revenue growth again and exceeds 10,000 talents for first time.
News 08. Aug 2022
GFT a Leader in the 2022 SPARK Matrix™ for Digital Banking Services by Quadrant Knowledge Solutions
GFT has been identified as a leader in the field of digital banking by analyst firm Quadrant knowledge solutions.
Press release 25. Jul 2022
GFT among Europe’s leaders for data analytics and machine learning in the Google Cloud
GFT has been identified as a leader in ISG’s Provider Lens™ evaluation for Europe - Google Cloud Partner ecosystem data analytics and machine learning 2022.
News 23. Jun 2022
GFT has earned the Windows Server and SQL Server migration to Microsoft Azure advanced specialisation
A validation of a solution partner’s deep knowledge, extensive experience and expertise in migrating Windows Server and SQL Server-based workloads to Azure.
News 30. May 2022
AWS Financial Services Competency status serves as a guide for GFT’s clients
Financial institutions benefit from GFT’s knowledge and experience with Amazon Web Services (AWS).
Financial news 12. May 2022
Strong first quarter: GFT Group upgrades guidance
GFT is exploiting the digitalisation wave and continuing its dynamic growth. After its record results in 2021, the company achieved further strong growth in the first quarter of 2022: revenue rose by 40 percent and earnings before taxes (EBT) by as much as 91 percent.
Press release 05. May 2022
GFT leverages Google Cloud to simplify AI deployments at scale in manufacturing, reducing dependencies on data science experts
GFT drives factory-floor digital transformation with support for new Google Cloud industry-specific solutions
News 09. Mar 2022
Additional reassurance for clients engaging in cloud projects with GFT
The company successfully renews its Google Cloud Application Development Services partner specialisation.
News 03. Mar 2022
GFT appoints first UK Regional Director for Manchester innovation hub
Financial news 03. Mar 2022
Record year for GFT
Revenue up 27 percent, adjusted EBITDA up 52 percent, EBT up 184 percent year on year. All key performance indicators show: GFT Technologies SE (GFT) set new records in 2021.
Press release 28. Feb 2022
Oliver Wyman and GFT to build new Islamic digital bank in Malaysia
The global management consulting firm Oliver Wyman and Technology and software engineering leader GFT are supporting Al Rajhi Bank Malaysia (ARBM) to design, build and launch a cloud-based digital bank.
Press release 22. Feb 2022
Banks and industrial companies can escape the mainframe cost trap
GFT and Astadia to bring their clients technology into the 21st century with complete mainframe-to-cloud migration solution.
Press release 19. Jan 2022
Embedded privacy opens up competitive advantages for companies
GFT is doubling its investment in embedded privacy pioneer One Creation to 5 percent.
Press release 11. Jan 2022
New tool helps streamline data protection processes and mitigate risks
GFT and Proteus are partnering to make data protection processes significantly more efficient while mitigating risks.
Tim Osler
Head of UK Marketing