Where Does the Future of Mobile Banking Lie?

GFT Chairs Conference to Discuss Security, Apps & Payments

London, 28 May 2012, Karl Rieder, Director of Research & Development at The GFT Group, is chairing the Marketforce and the IEA Annual Future of Mobile Banking Conference 2012, on Tuesday 29th May in London.

“This is an extremely interesting time to be in mobile banking,” Karl Rieder comments, “While mobile technologies have significantly changed our lives and businesses, mobile banking has yet to take a real foothold as compared to other industries, but we are at a tipping point, and some big things are right around the corner”. He continued, “We will be discussing four key areas; the changing role of mobile banking, usability, the direction of innovation and mobile payments. With some very high-quality speakers, we expect to gain some key insights into the future of mobile banking”.

This year’s conference includes speakers from Google UK , Banco Sabadell, Barclays & LloydsTSB amongst others, who will discuss the business case for mobile banking, new services and solutions it can provide, along with how to successfully integrate it with a mobile payments strategy. As more and more banks have begun to offer mobile banking services, moving mobile away from being an innovative new medium to an essential digital channel is increasingly expected by customers. This move of mobile into the mainstream generates new challenges as banks are forced by customer demand to implement an expensive channel before its value and revenue potential can be fully assessed.

GFT is already active in the mobile space, having developed mobile applications for large corporations in retail banking and private wealth management. Recently, GFT launched the GFT AppStore and platform. A multi-platform, enterprise application storefront, the store 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.

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

“This is an extremely interesting time to be in mobile banking. While mobile technologies have significantly changed our lives and businesses, mobile banking has yet to take a real foothold as compared to other industries, but we are at a tipping point, and some big things are right around the corner”.
Karl Rieder, Director of Research & Development, GFT Group