GFT Enters Top 50 in FinTech Ranking

14 November 2008

GFT Technologies AG, a leading international IT service provider, has this year entered the FinTech top 50, improving its ranking by 16 places to 41st in the top 100 global IT service providers in the financial services sector. This prestigious recognition reflects the success of the company’s sector focus and ability to deliver innovative technology solutions to its clients, despite difficult economic circumstances.

GFT has been recognised as one of the top 50 global IT service providers of financial technology by American Banker and the research firm Financial Insights in the FinTech 100, an annual international ranking of the major technology suppliers to the financial sector. According to Financial Insights, GFT is now worthy of the 41st position amongst global IT service providers in the financial services sector.

“Improving our ranking by 16 places and entering the top 50 for the first time demonstrates the company’s stability and importance to the industry”, commented Marika Lulay, GFT’s Chief Operating Officer. She continued, “in spite of the challenging economic times, we have concentrated our efforts on our key industries, combined with appropriate positioning and intelligent management of our global resources. Thus we are able to continue to implement our global delivery model, where our experience and business knowledge provide outstanding performance. We are a business that our clients can rely on in these difficult circumstances; big enough to deliver and small enough to care”.

In London, UK Managing Director, Graham Underwood explained, “To be ranked 41st and up 16 places on the list of financial technology companies judged according to their global revenues is an excellent commendation. It comes in a year when we have also enhanced our client offering by securing Level 3 CMMi quality accreditation and appointing our first Chief Quality Officer. We believe these developments are crucial in order to continue to deliver innovative and effective programmes for our clients in 2009 and beyond”.

The ranking is categorised and assessed based on the annual invoicing announced by the companies, as well as the percentage of invoicing attributed to financial services. Overall invoicing was a key factor in the assessment, attesting to the stability of the companies and their importance to the industry. In addition, all the categories included in this list assess the companies’ performance in relation to applications specific to banking operations, such as core banking, branches, ATMs, credit cards, credit transactions, online banking, billing, cash management, treasury, and funds transfers.

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