GFT and Itaú build AI solution: GFT Technologies stock sits 3.65 percent below its high
Published on 10/29/2026 at 12:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAI migration and reporting dates
- GFT and Itaú Unibanco's model reduced migration time by up to 70 percent on October 29, 2026.
- Second-quarter 2026 revenue reached EUR 233.00 million, according to TradingView.
- GFT Technologies stock trades at EUR 28.28 at 12:33 p.m. CEST at Lang & Schwarz on October 29, 2026, with a 52-week high of EUR 29.35.
- GFT's third-quarter and nine-month update is scheduled for November 12, 2026.
GFT Technologies (ISIN DE0005800601) and Itaú Unibanco announced an AI-based model for moving batch systems to the cloud on October 29, 2026. The initial implementation reduced migration time by up to 70 percent and accelerated project delivery by up to 3.3 times, according to Deutsche Börse.
What does the 70 percent gain mean?
The project combines GFT's Batch2Cloud tool with its Wynxx generative AI platform. The software maps legacy environments, identifies modernization opportunities and estimates the effort required for migration, while human specialists retain responsibility for architecture and governance.
The efficiency figure gives the announcement a measurable operating angle. It describes an initial implementation at Itaú rather than a group-wide financial forecast, so the commercial significance depends on whether GFT can replicate the model with additional banking customers.
Three dated steps in GFT's expansion
On August 6, 2026, GFT's second-quarter revenue reached EUR 233.00 million, according to TradingView. On October 22, 2026, Commercial Bank of Dubai became the first Middle East bank to join the CBMT network with GFT's support, according to GFT Technologies. On October 29, 2026, the Itaú project reported migration-time savings of up to 70 percent.
Which dates come next?
GFT's investor-relations calendar lists the third-quarter and nine-month 2026 update for November 12, 2026, followed by a virtual investor forum on November 16, 2026, according to GFT Technologies. Those dates give investors the next scheduled checkpoints for judging whether AI-led projects are translating into revenue and margin progress.
Stock remains below its yearly high
GFT Technologies stock was trading at EUR 28.28 at Lang & Schwarz on October 29, 2026 at 12:33 p.m. CEST. The quote sits below the same-source 52-week high of EUR 29.35, while the 52-week low is EUR 13.86. Market capitalization was EUR 724.8 million as of October 29, 2026.
The further course of trading is shown by the continuously updated real-time quote of GFT Technologies stock.
GFT Technologies at a glance
- Company: GFT Technologies SE
- ISIN: DE0005800601
- Ticker: GFT
- Primary exchange: Xetra
- Price Lang & Schwarz (as of October 29, 2026, 12:33 p.m. CEST): EUR 28.28
- Market capitalization: EUR 724.8 million (as of October 29, 2026)
- 52-week range: EUR 13.86-EUR 29.35 (as of October 29, 2026)
- Sector / Industry: Technology / Software
- Index membership: SDAX
- Next earnings date: November 12, 2026
Market context: Market report DAX.
