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RNS - GFT Technologies SE: GFT and Deutsche Bank awarded first place for 'Best Fintech partnership' at prestigious Financial Innovation Awards

Company: GFT Technologies SE Date: 2017-12-19 Language: English Register to download

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 News Details

Corporate | 19 December 2017 11:12

#   

GFT Technologies SE: GFT and Deutsche Bank awarded first place for ‘Best Fintech partnership’ at prestigious Financial Innovation Awards

DGAP-News: GFT Technologies SE / Key word(s): Alliance  

  

19.12.2017 / 11:12  

The issuer is solely responsible for the content of this announcement.  

  

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**GFT and Deutsche Bank awarded first place for ‘Best Fintech partnership’ at prestigious Financial Innovation Awards**

-   **Implementation of the banking platform dbPalace awarded in London**
-   **New strategic platform replaces 2,000 end-user applications**
-   **Benefits: reduced risk, cost, man-hours and errors, along with improved operational decision-making, controls and compliance**

  

**Stuttgart / London, 19. Dezember 2017 – GFT Technologies SE, the global IT consultancy for the financial services industry, and Deutsche Bank were recognised as overall winners in the ‘Best Fintech Partnership’ category at the Financial Innovation Awards 2017. The project delivers a single strategic global platform, capable of handling the day-to-day tasks of 1,000+ users. Headed up by a 200-strong dbPalace team comprising both GFT and Deutsche Bank specialists, spread across eight locations worldwide, the innovative project sought to improve both the experience and performance of Product Controllers and Finance Directors by way of; reduced errors, reduced duplication of effort and reduced task completion times. 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.**

The strong relationship between GFT and Deutsche Bank saw the implementation of an innovative and ambitious project (dbPalace) with high levels of collaboration between GFT and the bank in order to build and roll-out a strategic Risk and P&L production platform. The dbPalace team set out to create a dynamic and agile IT function in order to speed up release times, reduce IT costs and enable the bank to react quickly to customer and market demands.

This programme successfully resulted not only in significant operational efficiency (with output increased by 35% and development costs reduced by 50%), but has also enabled the bank to create a much-needed competitive advantage, by unlocking innovation, empowering its people and ensuring that the company is able to adapt quickly to ever-changing market trends and challenges.

The project delivers a single strategic global platform, capable of handling the day-to-day tasks of 1,000+ users. Headed up by a 200-strong dbPalace team comprising both GFT and Deutsche Bank specialists, spread across eight locations worldwide, the innovative project sought to improve both the experience and performance of Product Controllers and Finance Directors by way of; reduced errors, reduced duplication of effort and reduced task completion times.

Chris Bezuidenhout, CIO for Markets Finance at Deutsche Bank commented: “dbPalace is an example of a programme where the needs and requirements of Finance are understood and acted upon by a passionate and committed IT team, with the users at the heart of every decision. It has been excellent working with GFT on this project. They understand my business requirements and were very focused on helping to deliver solutions we can really use.”

Rather than view dbPalace as a single project with an end date, the team instead manage it as a ‘branded product’. As such, the team continues to enhance and improve dbPalace’s features and functionality over time, based on user feedback, emerging technology and changing end customer and business demands.

Marika Lulay, CEO of GFT commented: “The collaboration amongst the whole dbPalace team has made the project a truly effective partnership. There is no distinction or even obstacles between locations, or internal versus external members; exactly how a team should work collaboratively and deliver a common goal. With this success, we are setting new standards for strategic IT projects in the financial industry.”

  

*Please find more information about the Financial Innovation Awards* [here](http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=8421379b177618e892fc5858e154b361&application_id=640343&site_id=news_data&application_name=news) *.*

**About GFT**

GFT Technologies SE (GFT) is a business change and technology consultancy trusted by the world’s leading financial services institutions to solve their most critical challenges. Specifically defining answers to the current constant of regulatory change – whilst innovating to meet the demands of the digital revolution. GFT brings together advisory, creative and technology capabilities with innovation culture and specialist knowledge of the finance sector, to transform the clients’ businesses.

Utilising the CODE\_n innovation platform, GFT is able to provide international start-ups, technology pioneers and established companies access to a global network, which enables them to tap into the disruptive trends in financial services markets and harness them for their out of the box thinking.

GFT expects to achieve a consolidated revenue of around 415 million euros in the 2017 financial year. Founded in 1987, the company is now represented in eleven countries with a global team of around 5,000 employees. The GFT share is listed on the Frankfurt Stock Exchange in the TecDAX (ISIN: DE0005800601).

[www.gft.com](http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=8a8b8ae6f528dfdee98cf0dee9823148&application_id=640343&site_id=news_data&application_name=news)

  

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19.12.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.  

The issuer is solely responsible for the content of this announcement.  

  

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.  

Archive at www.dgap.de  

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|     |     |
| --- | --- |
| Language: | English |
| Company: | GFT Technologies SE |
|     | Schelmenwasenstraße 34 |
|     | 70567 Stuttgart |
|     | Germany |
| Phone: | +49 (0)711/62042-0 |
| Fax: | +49 (0)711/62042-301 |
| E-mail: | ir@gft.com |
| Internet: | www.gft.com |
| ISIN: | DE0005800601 |
| WKN: | 580060 |
| Indices: | TecDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |

  

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| --- | --- |
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| End of News | DGAP News Service |

![show this](https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=640343&application_name=news&site_id=news_data)