GFT, a global leader in digital transformation, today announced the launch of Wynxx, a proprietary AI-powered software development tool designed to accelerate cloud and AI adoption for financial institutions in North America. The company states that this new technology can reduce deployment times by as much as 95%, enabling banks to deploy complex systems in a matter of days rather than months.
The introduction of Wynxx comes as financial institutions continue to face significant challenges in modernizing their legacy systems. Despite the known benefits of cloud computing, GFT reports that less than 40% of financial institutions have fully committed to a cloud environment. Wynxx was developed to address the resource-intensive nature of these modernization projects, which have traditionally been hampered by extensive development timelines and high costs.
Wynxx focuses on three critical areas of digital transformation:
- Cloud Migration: The tool streamlines the transition from legacy systems to comprehensive cloud environments, working with hyperscale providers like AWS and Google to deliver customized, efficient solutions.
- Automation Updates: It drastically reduces the time required for documentation and updates to automation technologies, such as those used for fraud prevention and anti-money laundering, cutting documentation time by over 90%.
- AI Integration: Wynxx enables the rapid integration of AI into manual processes, allowing financial institutions to scale operations and capitalize on new opportunities, such as private credit, without compromising accuracy or regulatory compliance.
Christopher Ortiz, Regional CEO for North America, UK, and APAC at GFT, emphasized the tool’s impact. “For over 35 years, we’ve built our reputation on delivering effective, custom technology that helps financial institutions grow their business and enhance customer experience,” said Ortiz. “Now, with Wynxx, we can deliver the same quality of service on a timeline that was previously unimaginable, fostering new avenues for innovation.”
The technology allows GFT to build custom software solutions that integrate seamlessly with existing financial systems while adhering to strict regulatory compliance and risk management standards. By automating development tasks and minimizing manual coding, Wynxx provides a clear path for financial firms to accelerate their digital strategies, gain a competitive edge, and navigate the complex balance between rapid innovation and operational stability.
