GFT
SALT BANK : A TRIUMPH OF COLL ABORATION
Salt Bank was launched just a year after the project began . The new retail bank debuted with a current account paying 3 % interest ( for transactors above a certain limit ), digital wallet compatibility , mixedterm deposits , a multicurrency card ( supporting 17 different currencies ), and a savings account .
By all measures , Salt Bank ’ s launch has been an outstanding success . The objective to onboard 230,000 new customers by the end of 2024 was almost achieved within just a month of launch , with 200,000 new customers joining within a month . Customers appreciate the simplicity and speed of onboarding , with an average time of less than seven minutes to create a live account .
Following the launch , there was an unprecedented number of customers signing up each day , and the systems managed the process faultlessly . Salt Bank has stated its objective to
onboard 1 million customers within three years of operation ; early signs are that they are likely to reach this business case milestone far sooner .
Salt Bank ’ s success is a triumph of collaboration in the digital age , demonstrating the accretion potential of successfully integrating many leading industry platform solutions .
GFT harnessed its global delivery model across 18 nationalities to maintain momentum on a highly complex and diverse build and deployment , demonstrating the deep expertise necessary to create a truly integrated and innovative new bank .
For Salt Bank , security was a cornerstone , not an add-on . The goal was to set a new benchmark for security and scalability and to build customer-centric , cloudfirst solutions where speed and responsiveness were imperative . gft . com 9