GFT announces High Performance Computing in the cloud capability
GFT announces the availability of an expert High Performance Computing capability and a new GFT Point of View paper (POV) discussing the adoption of HPC in financial services.
Press releases & news
GFT announces the availability of an expert High Performance Computing capability and a new GFT Point of View paper (POV) discussing the adoption of HPC in financial services.
GFT announces the appointment of three new executive directors for the Atlantic region. These include New York based Soheil Negahbani, together with Leon Orr and Elliot Wright who are both based in the London office.
We are dedicated to raising awareness about the inclusion for LGBT+ talents all over the world. Ensuring that we are creating a strictly non-discrimination environment for all communities is one of the most important pillars of our diversity strategy based on the 5Cs – GFT´s core values and our inclusive culture.
GFT got off to a good start in its financial year 2020. In the first quarter of 2020, total revenue increased by 6 percent with purely organic growth of 5 percent. The dynamic growth outside the top-2 clients continued and once again reached 22 percent.
GFT has won the prestigious ‘Google Cloud 2019 EMEA Breakthrough Partner of the Year’ award. This award recognises GFT’s work on behalf of customers and the growth in its Google Cloud practice in 2019.
GFT has been designated as a global Google Anthos Service Partner. Google Anthos is an open source, hybrid modernisation platform, providing a unique ‘single pane of glass’ enabling clients to manage and monitor an entire hybrid and multi-cloud infrastructure.
The impact and spread of COVID-19 is keeping us all on edge right now. Let me give you some insights on how GFT is managing the current situation and what this means for you. First and most importantly, our services remain unchanged and continue as before. We are all working very closely together, providing you with the usual high quality and security standards. There have been no disruptions of services globally and I am sure you would agree we can be proud of the GFT account teams. We even managed to successfully go live with two challenging new projects.
For the past seven years, the Women's Career Index (Fki) has been awarding prizes to companies that promote a culture of change and innovation and in particular promote the careers of women. This year GFT Technologies SE (GFT) is again among the top 10 most women-friendly companies in the FKi ranking. GFT attaches great importance to diversity and supports women in management positions. With Marika Lulay as CEO, a woman has been at the head of the company since mid 2017.
The preliminary figures for its financial year 2019 show an increase in Group revenue of 4 percent to EUR 428.98 million due to the successful implementation of the client and sector diversification strategy.
The firm now retains over 250 Google Cloud fully certified engineers among its total of 500 experts covering all major cloud technologies. Another major step are two new Google Cloud specializations: Security and Application Development, alongside the firm’s recognized Data Analytics capabilities.
GFT has been recognised by the analyst firm Everest Group as one of the main competitors in three categories of its PEAK Matrix™ reports: enterprise blockchain services, plus application and digital services for both banking and capital markets.
GFT Technologies SE acquires the software supplier in-integrierte informationssysteme GmbH (in-GmbH). With effect from 1 January 2020, GFT took over the Constance-based company with around 40 employees and thus expands its expertise in the field of shop floor transparency and process integration for industrial clients.
To underpin its ongoing diversification and international growth strategy, the GFT Group is expanding its Group Executive Board (GEB) and adjusting regional structures. Besides CEO Marika Lulay, CFO Dr Jochen Ruetz and Group COO Joan-Carles Fonoll, the new GEB members will be David Collins, Christopher Ortiz, Jens-Thorsten Rauer and Marco Santos.
GFT is delighted to be a sponsor at Amazon Web Services (AWS) re:Invent conference taking place in Las Vegas from 2 – 6 December 2019. Showcasing at booth 213, GFT will be joining experts from around the globe at one of the world’s leading technology events.
At Google Cloud Next, GFT is hosting the first public showing of Tranquility Base – a vendor agnostic open source initiative which delivers a full multi-cloud datacenter written in code (Datacenter as Code [DaC]).
GFT grew its revenue outside the top-2 clients by 23 percent in the first nine months and by 28 percent in the third quarter of 2019. As a result of the company’s successful diversification strategy, the revenue share of its insurance business reached 11 percent. All in all, Group revenue rose slightly by 2 percent.
GFT has been recognised in the ‘Trade & Treasury’ category of the IDC Fintech Rankings: Real Results for the Trade Finance solution developed for ‘limit management and risk distribution’ at Deutsche Bank.
GFT Technologies SE (GFT) today published its results for the first six months and the second quarter of 2019. Measures aimed at diversifying clients and sectors continue to drive good progress: revenue outside the top-2 clients grew by 20 percent and the proportion of revenue generated with clients in the insurance sector reached 11 percent.
Google Cloud recognizes GFT’s technical proficiency and proven success in data analytics.
GFT today published its results for the first quarter of 2019. As planned, the company continued to widen its client structure: revenue without the top-2 clients grew by 19 percent and the revenue share of the insurance business reached 11 percent.Adjusted EBITDA rose by 11 percent.
GFT, the global IT engineering and technology specialist for the financial services industry, today extends their collaboration with Google Cloud via its Flexible Personalized Insurance (FPI) solution. Premiering at Next ‘19 in San Francisco, April 9–11, 2019, the FPI demo leverages GFT Stream, an architectural framework designed for the Google Cloud Platform (GCP) to enable real-time processing and analysis of structured and unstructured data, utilizing AI and machine learning.
GFT Technologies SE (GFT) today published its preliminary results for the financial year 2018. Revenue developed in line with expectations to reach EUR 413 million. One important success is the Group’s ongoing diversification of its client base: revenue without its top-2 clients rose by 9%.
GFT Technolgies SE (GFT), a global IT company focussing on the financial services industry, and Blue Prism, a leader in Robotic Process Automation (RPA), are joining forces to help banks and insurance companies increase productivity, improve customer experiences and deliver new services through automation.
GFT Technologies SE (GFT) today published its results for the first nine months and third quarter of 2018. The revenue trend in the first nine months of 2018 was held back by the ongoing budget restrictions of two investment banking clients, but was almost offset by business with new and other existing clients, as well as by growth through acquisitions.
Fidor Solutions, an innovative provider of digital banking services, today announces its extended partnership agreement with GFT USA, Inc. This partnership will see GFT USA, Inc. offer Fidor’s operating platform (fidorOS/fOS) and associated services to banks across the Americas.
GFT has today announced the results of its independent performance analysis of Digital Asset’s distributed ledger platform.
GFT announces a significant expansion of its global client delivery capability, with the formation of the Modern Applications and Cloud Adoption practices.
GFT will be showcasing the Flexible Personalised Insurance (FPI) offering at the Google Cloud Next conference in London. FPI shows how to tap into the enormous potential of advanced driving data generated by Internet of Things (IoT) trip data.
GFT is delighted to be a premier sponsor at Google Cloud Next 2018. The event is taking place at ExCeL in London Docklands on Wednesday 10th and Thursday 11th of October 2018.
GFT has been recognised in the ‘Efficiency & Agility’ category of the IDC Fintech Rankings: Real Results for the innovative dbPalace application developed for use across the whole of Deutsche Bank. GFT also ranked in position #41 of the 2018 IDC Financial Insights Fintech Rankings..
Collaboration with Google Cloud and computing power of the cloud fuels real-time analytics platform for financial institutions and mortgage lenders.
GFT Technologies SE (GFT) today published its results for the first six months and second quarter of 2018. Its business with digitalisation solutions for retail banks continues to make good progress. This led to year-on-year revenue growth of 6 percent in its business division Continental Europe. The revenue trend in the Americas & UK division continues to be dominated by the cost-cutting measures of two major investment banking clients, leading to a decline in revenue of 12 percent.
GFT study reveals the banking industry is more excited by the disruptive potential of cloud computing than its ability to simply reduce costs.
As a result of the acquisition, GFT will enter the Canadian insurance market, expand its market position in North America and gain a new site in Belgium. V-NEO develops integrated IT solutions and implements Guidewire services for leading insurance companies in Canada, Belgium and France. 160 employees will strengthen GFT’s industry expertise with a focus on digital applications within the property, casualty and life insurance sectors.
GFT & Bobsguide are hosting a webinar on Thursday May 17th entitled Open Banking- are you ready? A panel of industry experts will discuss the key building blocks for financial services as firms begin to construct their open banking strategies.
The GFT Group published its results for the first quarter of 2018 today. There was increased demand for projects based on new technologies, such as distributed ledger technologies, cloud, data analytics and artificial intelligence, in the first quarter of 2018. As a result, the GFT Group achieved quarter-on-quarter revenue growth of 5 percent to EUR 106.99 million and almost doubled earnings (EBITDA) to EUR 10.05 million. Compared to the strong first quarter of 2017 – which at the time was not yet impacted by the budget restrictions of two investment banking clients – revenue in the first quarter of 2018 was down by just 4 percent, while EBITDA rose by 1 percent.
GFT’s Richard Miller, Strategy Head – Disruptive Technology, will be speaking at the inaugural IMN Synchronize 2018 taking place next week on Thursday 19 April in New York. The conference will cover Distributed Ledger Technology (DLT) and blockchain technologies dedicated to financial services applications.
GFT has featured in a report from Gartner released this month entitled ‘Market Guide for Blockchain Consulting and Proof-of-Concept Development Services’. As a leading Distributed Ledger Technology (DLT) and blockchain provider, GFT contributed to the final report and is one of the representative service providers listed in this Market Guide.
What will the financial world of tomorrow look like? Which solutions do our clients need to stay ahead of the competition? These are the key issues which we tackle on our “Mission: Digital Future”.
Craig Parfitt (Head of Engineering, Atlantic, GFT) will be speaking on a panel at next week’s prestigious InvestOps WBR event in Tampa, Florida.
The GFT Group generated revenue of EUR 418.81 million in the financial year 2017 (2016: EUR 422.56 million) – just under 1 percent less than in the previous year. The guidance issued on 24 October 2017 of EUR 415 million for the financial year 2017 was thus slightly exceeded.
For banks, insurers and payment service providers, blockchain now provides solutions that were not possible with conventional technologies. One example is advanced invoicing: using a blockchain solution to deliver significant real-world cost savings and drastically reduce the risk of fraud.
Everest Group analyses the main service providers for the financial industry based on a PEAK Matrix™ assessments with GFT positioned amongst the top 25 financial technology companies worldwide.
GFT has being placed as overall winner alongside Deutsche Bank in the ‘Best Fintech Partnership’ category at the Financial Innovation Awards 2017. Now celebrating 20 years of innovation, the Financial Innovation Awards from The London Institute of Banking & Finance are a globally recognised awards platform, showcasing the best innovation across the financial services industry.
Despite intensified cost-savings efforts by its investment banking clients, revenue in the first nine months was slightly up on the previous year. GFT once again enjoyed dynamic growth with digital solutions for retail banking clients in its Continental Europe segment.
GFT has today announced the results of its Digital Banking Expert Survey 2017. Above all, the results show that artificial intelligence (AI) can be seen as one of the hottest topics in the financial services industry these days. GFT’s Digital Banking Expert Survey 2017 reveals that in large institutions the percentage of respondents who see value in AI solutions reaches 94 percent. Find out more about GFT's current survey here.
In view of continued volatility in the financial services sector, the management of GFT Technologies SE (GFT) today announced plans to expand its business model, which was previously tailored to the needs of banks. At the same time, due to increased cost savings made by two clients in the field of investment banking during the fourth quarter, GFT has downgraded its revenue and earnings guidance for 2017.
GFT today announced the acquisition of Spanish IT company Mecanización de Empresas S.A. via its subsidiary GFT Iberia Holding S.A.U.
GFT announced a collaboration agreement with Sabis, Banco Sabadell’s IT company in Spain with worth 80 million euros in Spain.
Award recognises GFT for a successful retail banking initiative in Brazil, which offers customers a 100% digital onboarding and account management experience.
Based on dynamic growth in business with digital solutions in Continental Europe, the consolidated revenue of the GFT Group grows by 5 percent to EUR 217.77 million in first half of 2017 (H1/2016: EUR 208.03 million). GFT achieved organic growth of 3 percent in the first six months.
Following a successful first quarter of 2017, a decrease in revenue with two major investment banking customers in the UK and North America will have a negative effect on the business development of GFT Technologies SE. Therefore, management decided today to scale back its consolidated revenue guidance for the entire year 2017 from 450 million euros to 425 million euros.
This is the fourth consecutive time GFT has achieved the CMMI level 3 accreditation, highlighting the excellence in risk management at GFT.
Marika Lulay has been appointed Chief Executive Officer (CEO) of GFT Technologies SE and assumed responsibility for the company with effect from the end of the Annual General Meeting on 31 May 2017. Lulay succeeds Ulrich Dietz, who becomes Chairman of the Administrative Board, after 30 years at the helm of the IT company which he formed in 1987.
Based on the positive development of business in the first quarter with a consolidated revenue growth of 14 percent to EUR 111.10 million the GFT The digitalisation of business processes still remains as strongest growth driver.
The GFT Group today announced its preliminary and unaudited figures for the financial year 2016. With solid growth in revenue and earnings, the technology specialist for the financial services industry exceeded its full-year guidance slightly. The main growth driver was demand from retail banks for digitalisation solutions. In the Americas & UK division, growth was slowed by the reduced propensity of investment banks to invest in IT services.
In particular, GFT is one of the companies that will be based in ‘4 Years From Now’ (4YFN), the international gathering of tech entrepreneurs that will celebrate its fourth edition, which hopes to reach 20,000 attendees this year.
GFT, the global provider of advisory, business consulting, IT and software services to the financial sector, has announced an award win, alongside their client Banco Original in Brazil for “the most innovative business model of the financial industry”, according to the Executivos Financeiros, eFinance Awards 2016.
GFT Technologies SE, the technology partner for digital transformation in the financial sector, is joining forces with a company that shares its DNA as an innovation thoroughbred: Axon Insight AG, a member of the Axon Active Group. It was Axon Insight who developed the map technology behind Google Maps.
At today’s Administrative Board meeting of GFT Technologies SE (GFT), Ulrich Dietz – in agreement with the Administrative Board and of his own accord – resigned as Managing Director and Chief Executive Officer (CEO) of GFT Technologies SE with effect as of GFT’s Annual General Meeting on 31 May 2017. The new CEO will be Marika Lulay, who was unanimously appointed by the Administrative Board, also with effect as of 31 May 2017.
GFT has announced the opening of its new Digital Innovation Lab (LAB) at its headquarters in Sant Cugat del Vallès (Barcelona). The GFT LAB has been established to build a bridge between fintech firms and financial institutions.
The firm’s push into Retail Banking is accompanied by the appointment of Christian Ball as Head of Retail for the Atlantic Region.
The industry continues to be shaped through market uncertainty and the emergence of market opportunities through tech innovation around blockchain, machine learning and AR.
GFT Technologies SE is expanding its 5,000 sq m offices in Fasanenhof, Stuttgart. The IT services provider also currently uses the offices as its corporate center, with room now expanding for the firm’s CODE_n SPACES innovation campus, a popular hotspot for the digital pioneer community.
GFT, the global provider of advisory, business consulting, IT and software services to the financial sector, has announced a collaboration with Lombard Risk, the leading vendor of enterprise collateral management solutions. key milestone in GFT’s strategy to service clients in the UK and North America.
The positive business trend of the first six months was continued in the third quarter. Strong demand from retail banks for solutions to digitalise their business processes was once again a major growth driver.
Together toward the future of digital banking. Effective immediately, Fidor AG and GFT Technologies SE have reinforced their cooperation and signed a strategic partnership agreement to focus on developing mobile financial and banking apps, as well as the related sales and marketing. It’s an initial step to shape the next generation of digital banking within a strong network.
GFT Technologies SE announced its results for the second quarter and first half of 2016 today. Following an expected development of business in the first quarter, GFT greatly accelerated its dynamic growth in the second quarter. This trend was driven mainly by the rising demand for solutions to digitise business processes in the financial services industry.
GFT’s Digital Banking Expert Survey 2016 reveals growing trust in digital technology. Banks are more confident and actively embracing change.
GFT has today announced the launch of its Regulatory Change Management Service, an award-winning solution that gives firms the ability to create an end-to-end tracking process to keep on top of their regulatory challenges.
The GFT Group signed an agreement today to acquire 100 per cent of shares in W.G. Systems Ltda. which represents Habber Tec International Group on the Brazilian market. The company runs all Brazil related activities under the trademark Habber Tec Brazil. The business process management (BPM), analytics, mobile and digital transformation specialist was established in 2000.
GFT has appointed Andrew Scotland as head of the newly created Agile & Continuous Delivery Practice.
Swiss subsidiary of the GFT Group expanding its IT service portfolio for digital transformation in the banking and insurance sector.
Tim Brazier has joined GFT as Head of the newly created Application Simplification practice. Tim joins GFT from the Royal Bank of Scotland, where he was MD of Application Simplification. He has over 10 years’ experience working in consultancy as both a practice head and COO.
The GFT Group today announced its preliminary and unaudited figures for the fourth quarter and the full financial year 2015. The Group continued its dynamic development of the previous year in 2015 and once again achieved strong growth in revenue and earnings.
GFT, the leading provider of advisory, business consulting, IT and software services to the financial services community, today announces that it has appointed Reena Patel as a Principal Consultant within its growing Data practice.
Amolak S. Roopra has joined GFT, the leading provider of business, design and technology consulting to the financial services community, as Joint Post Trade Practice Lead.
GFT will attend the 4YFN event at the Mobile World Congress from 22-24 February (stand S12) under an initiative to forge contacts with tech startups.
Everything stays new! With the CODE_n new.New Festival, GFT Technologies SE is initiating a new event that will provide tangible evidence of the digital transformation in trending modern-day industries.
Rob Gibbs has joined GFT as a Principal Consultant within the Legal, Regulatory & Compliance team.
Ever-evolving regulatory landscape, Big Data challenges and adapting cloud solutions continue to shape priorities for financial services companies
GFT, the leading provider of business, design and technology consulting to the investment banking community, today announces the appointment of John Downing, Enterprise Architect and Programme Manager.
With the initiative, GFT will continue working with financial services firms to help them navigate through the constant demands of financial regulation, whilst innovating to meet the demands of the new era.
GFT has launched its commodities consensus computing prototype for clients, which demonstrates how it is possible to track physical commodities assets through the use of a distributed ledger-based business model.
The RBS Regulatory Change Management Solution developed by GFT has been recognised as the industry’s best regulatory solution at the 2015 Banking Technology Awards. These prestigious awards recognise excellence in the use of IT to solve the complex challenges facing the financial services industry.
In the third quarter of 2015, the GFT Group continued its dynamic development of the first half-year, achieving strong growth in revenue and earnings over the first nine months of 2015.
Until now, users of online banking have had to decide what is more important: ultimate security or maximum convenience? “Biometric processes offer significantly better security than long-established TAN options.
Today, GFT announces their partnership with the Enterprise Data Management (EDM) Council to support firms in the adoption of best practices for data management.
In the first half of 2015, GFT once again achieved significant increases in revenue and earnings and upgraded full-years´guidance.
GFT Technologies AG today signed an agreement via its subsidiary GFT Iberia Holding S.A.U. to acquire Adesis Netlife S.L. (Adesis) and its subsidiaries. Adesis provides IT services and consulting for the development of integrated digital solutions with a special focus on the financial sector. Especially in the segment of digital banking, Adesis will expand GFT’s activities as well as its expertise.
The GFT Group today signed an agreement with Financière Valérien SAS regarding the sale of its emagine business division in the countries Germany, France and the UK. In Financière Valérien SAS the current management of emagine, headed by Jean-François Bodin, COO for emagine on the Executive Board of GFT Technologies AG, and the French financial investor MBO Partenaires will hold stakes on the completion of the transaction (closing). The transfer of ownership is planned for the third quarter of 2015. The two sides agreed not to disclose the purchase price.
At the Annual General Meeting of GFT Technologies AG on 23 June 2015, shareholders voted in favour of changing the company’s legal status to that of a European Company (Societas Europaea, SE). The proposal was adopted with a majority of over 99 percent. The modern, European and internationally recognised legal form underlines the global alignment of the GFT Group, whose around 3,500 employees operate in 11 countries around the world. The change will become effective on its entry in the Commercial Register and is expected to be completed in August 2015.
Today, GFT, one of the world’s leading IT solutions and consultancy providers to the banking sector, releases the findings from a global research project aimed at uncovering the attitude of the global investment banking community to ‘The New Normal’ - a constant state of regulatory change.
GFT, a leading provider of business and technology consulting to the financial services community, today announced its partnership with Code to Work, a new non-profit focused on closing the IT skills gap by sourcing and prequalifying diverse technical talent from non-traditional sources for large companies.
All the banks surveyed, across all national boundaries, agreed that it is customers who are driving the digitalisation of the financial sector. Customer satisfaction and customer loyalty in an increasingly fierce competitive environment is also high on the agenda with more than 90 per cent consensus. In order to increase their overall attractiveness to customers, the respondents believe that a multi-channel approach (online, mobile, branch) is the most important success factor, ahead of personalised services or choosing the right technology platform.
The GFT Group continued its positive development of the financial year 2014 in the first quarter of 2015 and generated further strong growth in revenue and earnings. The implementation of compliance requirements and the trend towards digitising business processes in the banking industry were the main drivers in the field of IT consulting and services.
Sectors such as the music industry and retail trade have already experienced it: the digitisation process is now gradually spreading to all areas of business and daily life. A panel of experts at CeBIT in Hanover discussed the growing pressure for innovation in the banking sector. The big question is: how will banks react to the changing market environment and how can digital technology improve the service experience for customers? A recently launched international study by GFT aims to provide answers.
“Into the Internet of Things” is the motto of CODE_n hall 16 at CeBIT. 50 start-ups from around the world are showcasing their business models on the topic areas Industry 4.0, Digital Life, Smart City and Future Mobility. Today, the coveted CODE_n Award was presented.
The competition for customers among banks is in full swing. Pure online banks and fintech startups are making life increasingly difficult for classically aligned banks on a growing number of fronts. However, those retail banks that invest now in their digital future and align their service portfolio with customer wishes stand a good chance of facing down the ever fiercer competition. GFT will be showing how bank branches might interact with customers in future with its “Context-Based Account Management” at the CeBIT computer fair (CODE_n hall 16 / D30, GFT stand 07).
For five days from March 16, everything will revolve around the motto “Into the Internet of Things” in the CODE_n hall 16 at CeBIT. 50 startups from around the world will be presenting their business models for the topic areas Industry 4.0, Digital Life, Smart City and Future Mobility. At the same time, visitors can look forward to a top-class conference program.
According to a recent representative survey by market research firm YouGov, almost one out of three want their bank to provide innovative services that make life easier. At CeBIT, GFT will be showing how digital services can create a new banking experience. The company’s Digital Banking Lab will feature live presentations on the trending topics “Intelligent Finance Management” and “Automated Account Optimising” (CODE_n hall 16 / D30, GFT booth 07).
The GFT Group today announced its preliminary and unaudited figures for the financial year 2014. With an increase in consolidated revenue of 38 percent to EUR 365.32 million (prev. year: EUR 264.29 million), the company displayed dynamic growth and exceeded its revenue target for 2014 by EUR 5.32 million. The significant year-on-year increase in revenue resulted from the strong organic growth of the GFT division with its solutions for the banking sector as well as from company acquisitions in Italy (Sempla, 2013) and the UK (Rule Financial, 2014).
Three out of four Germans aged 18 to 39 do their banking online – and increasingly via mobile devices such as smartphones and tablets. Many of them rarely have any contact with bank staff. This is leading to a steady decline in customer loyalty – with fatal consequences for many retail banks. At CeBIT, GFT will be showing how banks can drive the digital transformation they so desperately need.
400 IoT startups from around the world submitted their business models and concepts for this year’s “Into the Internet of Things” CODE_n contest, 50 have made it to the final: they will be showcasing their innovative solutions in the four topic areas: Industry 4.0, Smart City, Future Mobility and Digital Life in the CODE_n Hall 16 at CeBIT from March 16-20, 2015.
GFT and the ICMA European Repo Council have released the results of an industry-wide survey to assess market preparedness and industry attitudes towards Target2-Securities. The survey results provide insights on industry participants’ current understanding of T2S, their level of practical engagement and their understanding of the consequences of T2S to their individual firms.