Investments in future technologies, such as cloud and artificial intelligence are growing fast. Around 482 billion US dollars are expected to be spent worldwide on cloud projects alone in 2022 – an increase of 54% over 2020*. Thanks to its strong expertise in these fields, GFT Technologies SE (GFT) will benefit more than average from this trend. This is illustrated by the company's strong performance in the first nine months and its consistently high level of orders received.
Banks all over the world are under pressure: Low interest and high cost for legacy technology threaten their margins. A new generation of consumers feels they are irrelevant. Regulators demand they be open for integration with external services and technologies in the context of Open Banking. And neobanks are adding to the pressure on incumbents because they are not burdened by legacy technology and processes.