Case Study: German Direct Bank cuts costs by 30% with GFT Technologies’ nearshore tech hub

German Direct Bank cuts costs by 30% with GFT Technologies

A major German direct bank faced rising costs and a competitive labor market at its Berlin headquarters, making it difficult to attract and retain qualified tech specialists. To support its expansion of digital financial services, the bank partnered with GFT Technologies to build a new development center that could boost efficiency and access new talent pools.

GFT Technologies established a pioneering nearshore tech hub in Valencia, Spain, using a Build-Operate-Transfer (BOT) model. They rapidly assembled a multidisciplinary team of 35 specialists within weeks and implemented modern, agile development processes. This solution provided the bank with a 30% permanent reduction in costs and delivered immediate improvements in both the quality and quantity of its software development.