Over time we developed a shared vision of what the major banking software suppliers did right and quite frankly what they did wrong.

We also noticed how time and time again, major core banking systems were squeezed like square pegs into round holes, in order to comply with local accounting and banking standards for which they were, frankly, not designed.

Very often in this process, many of the benefits for which the international class systems were bought, were lost. In fact a number of these projects, especially in Russia, failed or were pyrrhic victories for all concerned.

The final outcome of this process was that:

1. Local banks in certain countries developed a deep suspicion of the ability of international software vendors to deliver.
2. Sales of international class software systems in these markets have completely failed to match the general demand for improvements in banking systems.

Nowhere is this more apparent than in Russia. In this massive country there are large numbers of banks with the need and the funds to pay for international class systems. However most of them are either doing nothing or being persuaded to pay too much for local domestic systems that are better than what they started with, but still a very long way worse than systems from companies like Misys, Temenos, i-flex, Sunguard, Infosys, et al.

GCP was created to give the market an alternative. For most of the five years of its existence, significant amounts of time and capital have been invested in developing a suite of products geared towards allowing the localisation of international class core banking systems without their corruption in the process.

We believe very strongly that by acquiring GCP systems a bank can implement an international class core banking system quickly and relatively cheaply. But most importantly, because we take care of all of the localisation issues, the bank can be confident that the project will actually finish and they can focus on getting a return for the capital they have invested by using all of the functionality that they liked so much as the sales presentations.

The products detailed on these pages are new, but they already have successful projects behind them and it is clear that our concept is gaining support from both banks and core system suppliers alike.

We have grown very fast in our first five years and we believe that our growth has been possible because we listen to our customers and provide them with a level of satisfaction that encourages them to recommend us to others. Who knows what the next five years will hold…