Premium software engineering company, Global Kinetic, continues to show triple-digit year-on-year growth in 2022, despite the Covid downturn and shrinking global economy, as it helps banks and other enterprise companies around the world modernize, innovate and grow.
CAPE TOWN, South Africa, July 21, 2022 /PRNewswire-PRWeb/ -- Premium software engineering company, Global Kinetic, continues to show triple-digit year-on-year growth in 2022, despite the Covid-19 downturn and shrinking global economy, as it helps banks and other enterprise companies around the world modernize, innovate and grow.
Global Kinetic has had another stellar year, showing excellent growth, including in its international division as it expands its footprint in the US, Europe, Middle East and Australia.
"While the whole company has performed superbly over the last two years, revenue growth from our international customers is especially impressive, with a 990% increase over the last two financial years," says Martin Dippenaar, CEO of Global Kinetic. "The explosive growth in financial services in general as well as the rush to modernize, especially amongst the traditional financial service providers, has been a key driver for our offering."
Twenty years after the company helped build South Africa's first digital bank, 20Twenty, the Global Kinetic team is now working closely with some formidable international brands on their digital transformation projects.
How to compete without breaking the bank
Today there are thousands of banks running on old legacy cores with mainframes that are sometimes two decades old. However, they have to compete with new, nimble, often digital-only banks or fintechs. While their CTOs know they must make the move to the cloud if they hope to continue any kind of meaningful innovation, many simply don't have the budget for a full systems overall, nor do they have the ability to quickly and easily integrate with new fintechs. What's more, they also can't afford to burden their customers with any downtime. Global Kinetic leverages various product accelerators to reduce time-to-market and ease implementations. One of these accelerators is FutureBank.
"FutureBank is a platform that can help banks continue to innovate across their channels with the launch of new mobile apps or new fintech partnerships. Shifting elements of their core and introducing cloud versions can often take anything up to five or more years. We ensure they are not hamstrung by their legacy infrastructure, and we innovate alongside their big transformation projects, ensuring they can still deliver services that will keep them competitive and relevant," explains Sergio Barbosa, CIO of enterprise software development house, Global Kinetic, and CEO of its open banking platform, FutureBank.
Some of the standout new client wins in the past year include:
- Derayah Financial - Global Kinetic is helping this Saudi Arabian financial services firm diversify with a new digital bank offering. The modernization project is running concurrently with the firm's transformation initiative.
- FIS – Global Kinetic is helping this American multinational corporation which offers a wide range of financial products and services modernize its Banking as a Service (BaaS) offering.
- Bank of Jordan - Global Kinetic is helping Jordan's second-largest bank integrate its many systems delivered by multiple vendors as part of an organization-wide modernization effort.
More than just banking customers
While FutureBank has been a large contributor to Global Kinetic's exceptional performance over the past two years, the company's software engineering and consulting divisions also continue to grow from strength to strength.
Notable recent partnerships have included:
- RapidDeploy is the system behind America's 911 emergency services. The South African-born company operates in a highly scalable cloud environment that is distributed across the US, handling calls across all states and towns and then dispatching messages to the appropriate local teams to assist. Global Kinetic is working with the company on upgrading its command line interfaces. As with many of Global Kinetic's clients, there is no room for downtime when lives are, in this instance, literally on the line.
Barbosa shares that one of the great privileges of working with global brands that reflect the same drive and ambition of Global Kinetic is seeing first-hand the tangible effects of teamwork.
Speaking about the results of the Global Kinetic partnership, Mark Schoombie, Chief Technology Officer at Gratifii Limited says: "Global Loyalty and Rewards platform provider, Gratifii, helps businesses build customer loyalty, rewards and engagement in the retail, hospitality, telecom, banking, insurance, and financial services industry, following their philosophy of inspiring loyalty. When the company began digital transformation, the IT leadership realized that their architecture could not support the significant growth that lay ahead and Global Kinetic was called in to help re-architect their technology. The results have exceeded expectations and the company went on to report growth north of 300%."
People power internal and client growth
With just over 130 permanent employees based in Cape Town and Palo Alto, Global Kinetic's refined managed team approach guarantees high quality and predictability, augmented by unique strategic technology consulting services and software delivery accelerators.
"The golden thread throughout all our success over the past two years has been our people. Our managed teams help businesses bridge gaps in capacity and technical competency, quickly and easily. Our service combines decades of experience, mature processes, and up-to-the-minute tooling with engineers well versed in all three. Clients come to us for almost zero-defect software delivered to their requirements, without unnecessary delays or corrections. This has helped drive our success over the pandemic years and all indicators point to that continuing," Dippenaar predicts.
About Global Kinetic
Global Kinetic is a premium software business with extensive experience and expertise in enterprise-grade software engineering and digital transformation projects. Trusted across multiple global industries and with deep expertise in banking and fintech, Global Kinetic has pioneered innovative solutions to complex enterprise projects for almost 20 years. A matured and perfected managed team approach guarantees superior quality and hyper-predictability, augmented by unique strategic technology consulting services and software delivery accelerators including FutureBank, an Open Banking Platform and embedded finance solution. With just over 130 permanent employees in Cape Town and Palo Alto, Global Kinetic are experts in agile, cloud, mobile and enterprise software engineering. For more information please visit our website http://www.globalkinetic.com
Media Contact
Heather Thompson, Global Kinetic, 27 (021) 527 0050, [email protected]
SOURCE Global Kinetic
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