Thought leadership
This research, in partnership with HTF Research, is based on interviewing 21 banks between November 2020 and February 2021.
Read our thought leadership here to learn how using the GFT and Digital Asset tokenisation platform streamlines green bond issuance.
A cloud-native approach is becoming the baseline for a competitive bank. This paper considers the need for a digital-first approach to banking and why GFT has created BankLiteX. It explains how we have harnessed the power of Amazon Web Services (AWS) technologies and Thought Machine’s Vault to build a world-class banking platform for the digital age.
Like its predecessor, it aims to promote competition among financial providers, drive digital innovation and promote new, open, data-driven services. The ultimate beneficiaries are customers who should enjoy greater access to enriched and tailored products and favourable pricing models for the individual’s needs. The Financial Conduct Authority (FCA) describes open finance as having the potential to ‘transform’ the way consumers and businesses use financial services. So, how should the industry prepare?
Coding is typically about efficiency of effort. What if it could also help you reach sustainability targets? This paper offers a new and more eco-friendly perspective on software development.
As the central source for assets across foreign and local markets, global custodians play a critical role in capital markets. From cross-border securities transactions to tax processing of asset holdings, global custodians are constantly faced with the burden of direct liability, along with the cost and risk associated with indirect asset control.
Your cloud security posture refers to your overall security status for cloud, including your applications, user access, data security, and network security. It is essentially a report card on your ability to prevent, detect and remediate security threats across all these domains for your cloud environment as quickly and thoroughly as possible in order to minimize risk and impact. However, simply moving to a secure cloud is not enough.
In today’s ever-changing digital world, P&C insurers are searching for ways to become more competitive and to stand out from the crowd. To modernise their core systems, many are turning to the market leader, Guidewire, to help them digitally transform and boost customer service. So how can insurers get the most from a Guidewire implementation and avoid obstacles along the way?
The consequences of the demise of a global financial services system that supports the needs of everyone on the planet will be far-reaching to say the least. But is it likely to disappear altogether? This is a very big question and if it did, what would take its place?
A successful cloud transformation is about mindsets, processes and cultural behaviour, as much as technology. Cloud migration has become mainstream. Companies in all sectors have cloud strategies and many papers have already been published. So why another?
Financial institutions cannot wait to reshape or completely rebuild their platforms because it could quite simply be too late. But what about using the digital transformation journey to enrich functional capabilities and at the same time transform legacy systems and significantly reduce running costs?
We are facing a global challenge. Together we will be able to build a new society that will define the 21st century. In this publication we look at 19 areas that financial institutions need to consider in order to remain competitive while also making a positive contribution towards society as a whole.
Although widely acknowledged as a potentially game-changing capability, the adoption of cloud technology for High Performance Computing (HPC) is still very much in its infancy. However, based on our hands-on experience of this when working with a Tier 1 financial institution, we firmly believe the cloud has the ability to enable firms to rethink the way they approach the complex technological challenges to perform enormous grid calculations.
DevOps has received a great deal of media attention and has become mainstream in many industries. However, some banks and financial services companies that are grappling with monolithic technology stacks are still unaware of the benefits of DevOps or how to adopt the new methods.
Open banking and cloud technology are very closely entwined. Their growth will inevitably progress in parallel. Banks that wish to capitalise on the open banking opportunity will adopt strategic cloud solutions and as open banking develops, cloud technology will move from useful to essential.
This survey was conducted to examine the current usage and future trends in how High Performance Computing (HPC) is being used within financial services organisations. Firstly, the areas in which HPC is being used were examined. The only surprise here was that there were a couple of cases of it being used in the Treasury area within banks.
Financial institutions become an integral part of the working capital management at the heart of an industrial ecosystem: this is called embedded banking. Potential participants include industrial companies, banks and financial service providers, suppliers and end customers.
In the digital age, data emerges as the universal currency. New technologies have reduced the cost of storing massive volumes of data so many organisations have embraced the ‘data lake’ as a definitive data management solution. Organisations across all sectors ingest, store, manage and distribute unprecedented volumes of data, but the reasons for doing so are not always clear.
Technology in banking has moved out of the back office and is now central to all that a bank does. In the digital age, technology enables a good customer experience that is fundamental to banking success. But many banks find themselves hamstrung by the technology that made them successful. Why?
So far, many banks seem to have treated open banking as a regulatory compliance issue. While it is that, viewing open banking as simply a regulatory issue greatly underestimates its enormous potential to transform the industry and to change how banks interact with customers and third parties. Although it is still early days, open banking will certainly redefine what it means to be a bank. In this paper, we revisit the fundamental drivers of open banking and suggest ways that banks can seize this unique commercial opportunity.
This Point of View is the product of fruitful conversations with financial services executives around the globe. It explores the nature and scope of cognitive banking: how it fits in with the other pillars of exponential banking, and why banks should welcome this new dawn in technology. It demonstrates that the benefits of cognitive banking are limited only by the imagination and that early adopters will be well rewarded.
This Point of View explores some of the key commercial issues surrounding open banking. It offers a practical summary of the views we have developed over an extensive period of working with many of the world’s leading banks. After a brief overview of the drivers of open banking, the paper examines how banks can monetise this opportunity, including API pricing and revenue options.
The last few years have seen huge investment into software that brings distributed ledger technology (DLT) to financial markets, but it remains unclear as to whether it will be fit for purpose. In particular, it remains to be demonstrated that DLT is capable of working in intensely demanding, high throughput environments, suitable for financial markets.
GFT has been working with cloud technology since its inception. As part of our thought leadership programme we recently sponsored an independent survey of investment banks conducted by HTF Research. The aim was to understand how they are using cloud and their plans for doing so in future.
An immersive and hyperpersonalised financial experience This point of view explores the notion of augmented banking, one of the four pillars of exponential banking as envisioned by GFT. Through insightful analysis and illustrative case studies, you will learn how to leverage exponential technologies to create an immersive banking experience that goes far beyond today’s digital interactions.
Any bank considering a cloud migration must have an inventory of its applications and future road maps of these going forward. In both of these areas banks seem well prepared. This report considers what is happening in the capital markets area, regarding banks’ current cloud strategy and their planned usage of public cloud in the future.
For decades, mainframes have been the cornerstones of IT infrastructure in many businesses, with banks at the forefront. However, the demand for increased flexibility to cope with ever-changing business processes and the need to reduce recurrent costs are forcing companies to move towards open platforms.
Banking in 2020: exponential technologies in financial Services – This point of view outlines GFT's vision for leveraging exponential technologies as key enablers of growth for financial services organisations through the generation of new business models.
Many banks have been working hard to ensure they are in a position to comply with the General Data Protection Regulation (GDPR) – a regulation driven by the EU with a global reach. GDPR has a broad scope for protecting personal data, with far-reaching consequences in terms of 'extra-territoriality'. It has every potential to hit firms with punitive fines for breaching guidelines – up to 4% of annual revenues.
This paper reviews the development of supply chain management in the automotive industry over the past several years, analyse the challenges faced by the automotive industry with particular reference to the financial supply chain, and suggest ways in which the financial services industry can be a more effective partner to the automotive industry.
Information technology is increasingly pervading every aspect of our lives, promising fantastic opportunities for improving our health, wealth, knowledge and the way we live together.
The economic and regulatory environment of recent years has placed a powerful downward pressure on any real investment within banks and other financial services firms, whilst at the same time diverting a significant portion of remaining resources to coping with rapidly evolving regulatory requirements.
GFT specialists look into the recent Blockchain phenomenon and provide a blueprint for initiating business change.
As the trading world continues down the path of electronification, innovators turn to gamers for solutions, exploring Augmented Reality as a technology that can reduce information overload and improve real-time decision-making.
Against the backdrop of the ever-increasing importance of collateral from a trading, risk and capital management perspective, holistic management of collateral is rapidly becoming a necessity.
It is a well-known phenomenon that back office operations have historically lacked major investment. So why is it now the flavour of the month?
