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

German Direct Bank cuts costs by 30% with GFT in Valencia

A major German direct bank faced rising operational costs and a difficult labor market at its Berlin headquarters, making it challenging to attract and retain qualified tech talent. To address this, the bank partnered with GFT to build a new nearshore development center using a Build-Operate-Transfer (BOT) model.

GFT established and operated a dedicated tech hub in Valencia, Spain, rapidly recruiting a multidisciplinary team of over 35 specialists. This solution delivered a permanent 30% cost savings for the bank, provided a rapid improvement in software quality, and established the bank as a pioneer with an innovative nearshore model.