Open banking heralds a seismic change in global financial services, however, the future of any open banking offering will ultimately be determined by the value it provides.
A new thought leadership paper from GFT entitled ‘The monetisation of open banking’ explores some of the key commercial issues surrounding open banking. It offers a practical summary of the drivers for this change, whilst examining how banks can monetise the opportunities it creates, including through APIs.
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).