In an effort to improve its digital footprint to meet tough regulatory compliance deadlines, Vantage Bank Texas turned to CGI. Implementing CGI All Payments platform-as-a-service, the bank was able to modernize its payments ecosystem—from contract signing to go-live—in just four months.
Replacing payment channels
Driven by end-of-life contracts with existing payment vendors, Vantage Bank Texas had a narrow window to replace payment channels and comply with regulatory change. The bank also faced the challenge of inefficient payment processing—from front-end channels to back-end systems.
Implementing in just four months
We integrated CGI All Payments into the bank’s existing payments ecosystem, enabling it to interface with bank’s back-end and new front-end applications, in just four months. The bank quickly benefited from this new modern payment platform, reducing payment friction and improving payment efficiencies for wires and U.S. low value payments.
![woman purchasing on mobile phone](/sites/default/files/medium-banner-instatnt-payments.jpg)
![person using contactless pay](/sites/default/files/medium-banner-all-payments.jpg)
Delivering value
The bank benefited from the following with CGI All Payments:
- Increased straight-through processing, providing a more streamlined payment business flow that enables the bank to respond quickly to customer needs and provide a better customer experience
- Reduced overhead operation and IT costs, increasing efficiencies for both front- and back-office operations
- Expansion of the bank’s digital footprint with faster payments
- Improved readiness in adopting new industry standards and regulatory requirements