GFT and Validata Group sign a partnership agreement in Costa Rica

GFT, a provider of solutions and services for Information Technology (IT) signed a partnership with Validata Group, a leader in Enterprise Software Testing and Release Automation.

Through the alliance between the two companies, GFT will provide quality assurance and testing services for financial institutions in Latin America. With this agreement, financial institutions in Latin America can rely on a partner that offers a wide range of services around the financial system platforms including automation testing, digital transformation, systems integration, business consulting, among others.

Due to the current dynamics, companies are looking to reduce the Total Cost of Ownership (TCO). Banks around the world are beginning to replace their core banking legacy applications for more updated systems, enabling them to implement a customer-centric approach, not only to strengthen the relationship, but also to increase customer profitability. Through Validata SAS, Validata Group’s first unified Test Automation and DevOps platform for Temenos T24, the core banking solution from Temenos, GFT will be enabled to support clients migrating to this core banking solution.

Given the current market conditions, more and more banks are actively looking for partners and solutions that can help them to reduce costs and total implementation time in order to gain an advantage in the market. This collaboration combines the knowledge of GFT in the local market with advanced technology solutions from Validata Group.

GFT and Validata provide the Test Factory, operating on Validata’s innovative technology that enables a ‘single version of the truth’ and continuous delivery, integration, testing and monitoring, to deliver comprehensive testing solutions, business-focused across multiple applications. Equipped with a wide range of quality control and testing resources, Validata’s Test Factory offers on demand solutions tailored to customer needs and designed to support many development methodologies and technologies. Thus, GFT can offer benefits in terms of saving time and cost of testing their model managed the international financial services sector.

Rubem Swensson, GFT Costa Rica Country Manager, stressed the importance of this agreement not only for both companies but also for customers who are those who come for some need. "We are pleased to have Validata Group as a partner and see how their unified Test Automation and DevOps solution accelerates the application delivery to our customers and reduce business risks and costs. Validata provides the flexibility to respond to customer needs and offers cost competitive advantage through differentiated services and unique delivery models, "said Swensson.

Meanwhile, Vaios Vaitsis, CEO and founder of Validata Group, mentioned the objectives underlying the agreement and the benefits it will give to the customers . "Through our partnership with GFT, we intend to develop and further strengthen our presence and offer flexibility to our customers with proven models and methodologies. "The accelerated testing through flexible frameworks is becoming the chosen model for customer engagement globally. Our solution enables our partners to deliver solutions on demand and the scale to meet customers’ needs across diverse technologies adopted by banking clients worldwide, providing the flexibility organisations are looking for. "said Vaitsis.

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.

Headquartered in Germany, GFT achieved consolidated revenue of around EUR 374 million in 2015. The company is represented in twelve countries with a global team spanning more than 4,000 employees. The GFT share is listed on the Frankfurt Stock Exchange in the TecDAX. (www.gft.com/cr)

About Validata Group

Validata Group is the leader in Enterprise Software Testing and Release Automation, helping clients accelerate application delivery, optimise business risks and reduce costs.

Until now organisations have been forced to bolt together a number of specialised tools from different suppliers in order to achieve anything close to Application Lifecycle Management (ALM). Validata’s Agile ALM platform is a robust solution built from the ground up, to bring together requirements, testing, defects, planning, resources, development and deployment, capable of integrating with external systems such as HP QC, CA Clarity, IBM RTM, Atlassian Jira etc, delivering a ‘single version of the truth’ and enabling continuous delivery, integration and monitoring.

Validata’s model-based approach enables the automatic generation of test cases and eliminates the high maintenance costs of traditional script-based test automation. By automating the impact analysis process and through the automatically generated scripts, it focuses your efforts on what to test and what scenario to test it with.

Our clients speed up deployment, allow more to be delivered for the same cost and are able to implement, simulate and test systems that conventional virtualisation fails to address. The close integration with Temenos products and pre-built content libraries means that Validata delivers to Temenos clients a superior ROI through reduced costs and faster timelines on upgrades and implementations. (www.validata-software.com)