GBI receives innovation award

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GBI has received an innovation award at the Outsystems Annual “NextStep” Event in Utrecht. GBI has been awarded for being the first bank in the Netherlands to obtain the consent of the Dutch Central Bank to bring its core banking processes to the cloud.

The award honors the most innovative cloud-based implementation of Outsystems in the Netherlands. Cloud-based digitalization of processes from the first contact with clients to contract execution are being enabled under GBI’s system of engagement concept.

Such cloud-based digitalized core banking processes at GBI, for the time being, encompass Treasury Order Management (TOM), covering forex-spot, forex-forward, forex-swaps and fixed income products, as well as Client On-boarding as the first step in the full digitalization of the Client Lifecycle Management processes (CLIM). These processes are all running in production on Outsystems platform in the Amazon Cloud.

Please see detailed Press release for more details.