Through the agreement Gardant will enhance the tools at its disposal to continue to evolve its proprietary software suite.
Gardant, Italy's leading market operator in the credit management sector, both as servicer and investor, with over 40 billion euros (GBV) under management and primary focus on the corporate and enterprise sector, has signed a collaboration agreement with OutSystems, a global leader in high-performance application development.
"We are proud to have signed this agreement with OutSystems, a leading company in an area as crucial for us as low-code development," comments Alberto De Maggi Gardant's Group COO. “Gardant has always been committed to consolidating its technological assets in order to offer its people and clients the tools they need to operate efficiently and productively. This is through the development of in-house skills and a network composed of the best partners in the market. In this context, the collaboration with OutSystems enables us to define particularly effective and flexible development programs in strategic areas such as the management of information assets, the accuracy of decision-making processes and the ability to support every business area of the Group."
The partnership is aimed at further enhancing both in terms of speed and flexibility the Gardant Group's proprietary application development capability where to pour the company's know-how, particularly for higher-value activities. Indeed, software development in low-code mode allows for significantly faster application creation processes, compared to traditional models. As predicted by Gartner, by 2025 70 percent of new applications developed by enterprises will be on low-code or no-code technologies. With this agreement, therefore, Gardant positions itself among the forerunners of new software development technologies, first in Europe in its field.
“Financial institutions are facing increasing pressure to provide digital experiences for their customers,” says Carlos Alves, Chief Operating Officer, OutSystems. “By adopting OutSystems in its technical innovation lab Gardant can improve its developers’ productivity while building powerful apps that deliver exceptional customer experiences.”
This collaboration is part of the Data Gardant initiative, a technological innovation laboratory launched at the end of last year within the Group, and specifically to the Data Engine business area, which brings together all development activities dedicated to proprietary information systems.
OutSystems' low-code platform enables rapid development and deployment of specific applications by minimizing manual coding, thereby improving developer productivity in creating advanced applications. For these features, OutSystems was named a leader in the "Gartner Magic Quadrant for Low-Code Application Platforms 2023."