GFT AppStore Enables IT Consumerisation in Investment Banks

GFT offers banks the capability to build, test and share apps

London, 25 May 2012, The GFT Group, has launched the GFT AppStore and platform, a multi-platform, enterprise application storefront which will allow financial services organisations to develop and test apps, as well as provide a central point for its employees to use and share apps throughout the organisation and across devices. GFT is already running app initiatives for its clients, in payment transactions, investment consulting, account management and stock market information which includes brokerage features.

The consumerisation of IT is having its impact on investment banking, as IT departments struggle with how to implement consumer technology in a corporate environment. GFT’s recent whitepaper explains how consumer IT “creates a framework. Externally”. This needs to be countered with attractive, internal alternatives. The GFT AppStore was created in response to this need.

Financial services organisations can use the GFT AppStore as a platform to test and develop prototype apps. The comment and chat functions of the AppStore, a news corner and other features mean a bank can see how the app is being used, review the user experience and feed this in to the creative development process.

Christopher Ortiz, Managing Director of GFT UK explained, “like many investment banks, a few years ago we started to see a range of consumer devices being used as business tools by the GFT team. Consumerisation is pushing IT departments and banks to adapt; to offer the flexibility and user-friendliness of consumer tools in their business technology. We decided we needed an AppStore for our internal use, so we built our own and are now using it to develop apps for our clients”.

For more press information, please contact Kate Warwick at PR Savvy: kate.warwick@prsavvy.co.uk, 078 1069 7282

About The GFT Group

As a strategic IT partner based in Stuttgart, Germany, the GFT Group helps companies optimise their business processes by providing intelligent IT systems and highly skilled specialists. Under the motto Inspiring IT, GFT converts cutting-edge technological developments into sustainable business models.

GFT is one of the world’s leading IT service suppliers for the finance sector. It enables financial institutes to quickly and securely utilise modern technologies in order to enhance their long-term competitive standing. GFT combines established technological experience with comprehensive industry expertise, in order to develop, implement and maintain customised IT solutions. With its international network of experts, GFT offers companies in all sectors, the opportunity to flexibly manage the staffing of their technology projects.

For 25 years, GFT has stood for technological expertise, innovative strength and outstanding quality. Founded in 1987 by its current CEO, Ulrich Dietz, GFT achieved revenues of around €272 million in 2011. The GFT Group is represented in seven countries by its 22 local facilities. A global team of over 1,300 employees and 1,300 external consultants implement complex IT projects across various countries. The GFT share is listed on the Frankfurt Stock Exchange (Prime Standard: WKN 580 060, GEX).

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Quotes

“A few years ago we started to see a range of consumer devices being used as business tools by the GFT team. We decided we needed an AppStore for our internal use, so we built our own and are now using it to develop apps for our clients”.
Christopher Ortiz, Managing Director, GFT UK