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MarketScreener Homepage  >  Equities  >  Xetra  >  GFT Technologies SE    GFT   DE0005800601

GFT TECHNOLOGIES SE

(GFT)
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GFT named as winner in 2019 ‘IDC Fintech Rankings: Real Results awards' by IDC Financial Insights for strategic collaboration with Deutsche Bank

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09/24/2019 | 05:02am EST

The strong relationship between GFT and Deutsche Bank saw the implementation of an innovative and ambitious project with high levels of collaboration between GFT and the bank in developing a strategic platform to distribute and manage trade finance credit exposures. Benefits include faster release times, IT cost reduction and the ability for the bank to offer a simpler way for clients to access trade finance.

Luke Moranda, CIO for Trade Finance and Lending at Deutsche Bank commented: 'Managing credit limits and exposure in real-time, 24x7 is a key capability for the trade finance business. This project has demonstrated how we are transforming our technical delivery model and achieving successful outcomes for our business. We are delighted to receive this IDC award for Treasury and Trade Transformation in honour of this achievement.'

This programme successfully resulted not only in significant operational efficiency, but has also enabled the bank to reach a digital milestone in trade finance asset distribution.

Daniel Schmand, Global Head of Trade Finance and Lending at Deutsche Bank explained: 'When we launched dbDistribute just over a year ago, we knew we were onto something transformational, and it is great to see this ground-breaking approach being acknowledged by the industry. This award is a testament to the hard work and collaborative approach between GFT and Deutsche Bank in transforming our current infrastructure into the leading distribution and de-risking platform for trade finance assets in the industry.'

The delivery team worked in a highly collaborative way, with the business users taking key responsibility for the overall delivery and success of the programme.

Chris Ortiz, Managing Director at GFT commented: 'The collaboration amongst the whole team has made the project a truly effective partnership. There is no distinction or barrier between locations, or internal versus external members; exactly how a team should work collaboratively and deliver against a common goal. The success of this project has set a very high bar for trade finance across the market and has defined the 'gold standard' for other strategic IT programmes within the bank. We are delighted to be recognised both for the award, and for achieving a high score in the IDC rankings.

The project is great example of GFT's cutting edge approach for our clients; delivering collaborative teams that drive enhanced customer value, utilising agile delivery methods, new technology and innovation.'

Disclaimer

GFT Technologies SE published this content on 24 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 September 2019 09:01:07 UTC

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Financials (EUR)
Sales 2019 422 M
EBIT 2019 21,1 M
Net income 2019 14,6 M
Debt 2019 41,0 M
Yield 2019 2,38%
P/E ratio 2019 22,1x
P/E ratio 2020 17,3x
EV / Sales2019 0,86x
EV / Sales2020 0,79x
Capitalization 321 M
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M. A. Roswitha Lulay CEO, MD & Member-Administrative Board
Ulrich Dietz Chairman-Administrative Board
Joan-Carles Fonoll Chief Operating Officer
Jochen Ruetz CFO, Member-Administrative Board & MD
Andrew Rossiter Head-Technology Services
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