Why Open Banking Needs Open Technology

Open Up to New Opportunities – explore how to transform and reduce costs by 80%

Be a step ahead

Get Ahead of the Game

Mainframe modernization is essential to participate in open banking. Explore how the GFT approach moves you to an open operating system that’s agile, flexible and cost-effective.

Cut Costs Forever

When you’re stuck with a mainframe technology stack, you need to open up and transform. With our proven methods and expertise, you can seize the open banking opportunity and reduce costs permanently.

Rethink, Reinvigorate, Reinvent

With upgraded applications, automated code and an open environment, you’re free from the constraints of mainframes. Find out how to focus on the future with open technology that’s aligned with open banking success.

Thrive with Open Banking

Open up to new opportunities – explore how to transform and reduce costs by 80%

back-end modernization in numbers

80%

annual reduction in costs

270%

cost savings in five years

350%

return on investment in 21 months

More details

The benefits of this major project were revealed following the preliminary assessment carried out with the company and were mainly associated with infrastructure costs:

A graph illustrating the annual reduction in recurrent costs associated with back-end modernisation, showing the impact of transitioning from mainframe systems to modernised platforms. — Explore the cost-saving benefits of back-end modernisation. Our infographic graphically represents the significant reduction in recurrent costs from 2018 to 2024, highlighting the transition from mainframe systems to modernised platforms.

A graph illustrating the return on investment (ROI) for back-end modernisation, comparing the performance of mainframe systems to modernised platforms from 2018 to 2024. — Discover the ROI of back-end modernisation. This infographic graphically represents the increasing return on investment from 2018 to 2024, highlighting the financial benefits of transitioning from mainframe systems to modern platforms.

A graph illustrating the annual and cumulative cost savings from back-end modernisation, demonstrating significant savings over time compared to present recurrent costs. — Explore the cost savings potential of back-end modernisation. This infographic visualises annual and cumulative savings, showing substantial reductions in recurrent costs from 2018 to 2024.

Be a step ahead

AI in Banking: GFT's Perspective

The banking industry is embracing AI to deliver change - at different maturities and speeds from one organisation to the next - but it is everywhere! GFT recognises that effectively, ethically and safely implementing AI will be critical to support the evolution of the banking industry.

Corporate Banking, the Last Frontier in Banking Digitalization

This paper highlights the changing needs of corporate banking clients, the challenges faced by banks in meeting them and how GFT and 10x Banking can help the banks overcome those challenges and meet their customers’ expectations.

Data Remediation

Remediation of uncontrolled data assets and an incremental move to proper data governance can remove data privacy, security and compliance risks.

Building a Bank in 12 Months

GFT and Engine are the power behind Salt Bank, Romania’s first cloud-native digital bank, which was designed, built and launched in under a year. Discover their full story in this white paper.