CGI Group Inc. (TSX: GIB.A; NYSE: GIB), today announced its successful
implementation of a Bank-assisted Open Account Transaction solution with BMO
Capital Markets (a member of BMO Financial Group).
BMO Capital Markets’
Trade Finance Group has enhanced their existing trade services platform powered
by Proponix™, CGI’s leading Trade Finance solution. Providing an Open Account
finance offering enables BMO to aggressively bid on new customer accounts, in
addition to significantly enhancing the service offering to existing customers.
Sara Joyce, Executive Managing Director and Head of International
Financial Institutions and Trade Finance, BMO Capital Markets, says, “CGI is an
industry leader with proven expertise in trade finance. We firmly believe that
CGI’s ability to deliver strategic and innovative solutions for Trade Finance is
helping us win new business by offering an expanded suite of capabilities to
prospects and existing customers, resulting in increased revenue and competitive
advantage. ”
“We are pleased that BMO Capital Markets continues to look
to CGI to leverage their trade finance needs,” says Jame Cofran, Senior
Vice-President, Banking and Investments, CGI. “The Proponix Open Account
functionality enables BMO Capital Markets to successfully compete with top tier
global trade finance banks and win new business.”
CGI is a major
provider of IT and business process services to financial institutions around
the world including nine of the top ten U.S. banks and seven of the top twenty
banks in the world. CGI banking-focused solutions include core banking,
end-to-end wealth management, trade finance, business intelligence/data
warehousing and customer relationship management. CGI solutions process
one-third of all U.S. credit bureau requests and more than $130 billion are
moved every day over the fund transfer systems that it supports. CGI provides
retail banking, transaction processing and payroll services to more than 2,300
banking institutions worldwide.
About Proponix
Proponix is a
highly efficient, web-based global trade finance platform that includes
integrated workflow and imaging, transaction processing, web-based reporting,
and a corporate Trade Portal. It provides the complete infrastructure and
technology to transform a Bank’s global trade services business, resulting in
increased revenues from new products and offerings, as well as lower costs
through new capabilities. The capabilities enable competition against banks of
all sizes with continuous product evolution and rapid deployment to market.
About BMO Capital Markets
BMO Capital Markets is a leading
full-service North American financial services provider, with over 2,000
employees operating in 14 North American offices and 26 worldwide, offering
corporate, institutional and government clients access to a complete range of
investment and corporate banking products and services. BMO Capital Markets is a
member of BMO Financial Group (NYSE, TSX: BMO), one of the largest diversified
financial services providers in North America with more than $359 billion in
total assets and 35,000 employees as at July 31, 2007. For more information,
visit www.bmocm.com.
About CGI
Founded in 1976, CGI Group Inc. is one of the
largest independent information technology and business process services firms
in the world. CGI and its affiliated companies employ approximately 25,500
professionals. CGI provides end-to-end IT and business process services to
clients worldwide from offices in Canada, the United States, Europe, Asia
Pacific as well as from centers of excellence in North America, Europe and
India. CGI's annual revenue run rate stands at $3.7 billion (US$3.5 billion) and
at June 30th, 2007, CGI's order backlog was $12.4 billion (US$11.6 billion). CGI
shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the
S&P/TSX Composite Index as well as the S&P/TSX Capped Information
Technology and MidCap Indices. Website: www.cgi.com.
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For more
information:
CGI
Investors and Media
Lorne Gorber
Vice-President, Global Communications and
Investor
Relations
lorne.gorber@cgi.com
514-841-3355
Trade
Media
Lee LoPriore
Executive Consultant, Banking &
Investments
Lee.lopriore@cgi.com
770-444-0446
