This research, undertaken by GFT in partnership with HTF Research, is based on interviewing 21 banks between November 2020 and February 2021.
The main drivers for optimising cloud were optimising costs, reducing time to market and improving innovate/scale.The main challenges embarking on a cloud solution were complexity, cybersecurity and data jurisdiction whilst the key challenges during the migration were compliance/regulatory, data security and organisational culture.
GFT is driving the digital transformation of the world’s leading companies in the financial and insurance sectors, as well as in the manufacturing industry. As an IT services and software engineering provider, GFT offers strong consulting and development skills across all aspects of pioneering technologies, such as cloud engineering, artificial intelligence, mainframe modernisation and the Internet of Things for Industry 4.0.
With its in-depth technological expertise, profound market know-how and strong partnerships, GFT implements scalable IT solutions to increase productivity. This provides clients with faster access to new IT applications and innovative business models, while also reducing risk.
Founded in 1987 and located in more than 15 markets to ensure close proximity to its clients, GFT employs over 7,000 experts. GFT provides them with career opportunities in all areas of software engineering and innovation. The GFT Technologies SE share is listed in the Prime Standard segment of the Frankfurt Stock Exchange (ticker: GFT-XE).