Using advanced technologies to navigate economic cycles The mortgage industry is highly susceptible to economic fluctuations. Lenders struggle to maintain profitability, mitigate risk and operate efficiently through the instability of the boom-and-bust cycle. At the root of this issue is...
CGI, one of the largest independent IT and business consulting services firms in the world, today announced its selection by Harley-Davidson Financial Services (Harley-Davidson) to modernize their loan origination system.
As banks and the global trade industry have returned to a new post-pandemic normal, CGI and BAFT requested input surrounding technology priorities and investments within financial institutions’ trade organizations. After the consolidation of Fintechs last year, we saw a continued...
2024 CGI and BAFT Trade Technology Survey: Navigating the future of trade and technology
June 26, 2024 In partnership with the Bankers Association for Finance and Trade (BAFT), CGI recently released the 2024 BAFT Trade Technology Survey findings. This annual survey, which marks its fourth iteration, is pivotal in capturing the pulse of technology advancements in the...
How banks can leverage generative AI to effectively support risk and compliance functions
June 24, 2024 The generative artificial intelligence (gen AI) hype machine has expanded across most industries, no less in banking and financial services. While generative AI can certainly assist with improving internal productivity and managing copious amounts of internal policies, procedures and client/employee...
Are you struggling with inefficient bankruptcy management processes? Operationalizing bankruptcy management is one of the most challenging tasks within the collections and recovery life cycle. Organizations risk losing up to 20% of their eligible funds’ recovery due to manual errors...
Commercial client onboarding as a competitive advantage
April 10, 2024 Financial institutions constantly grapple with how to simplify their onboarding process without compromising compliance and risk management principles. Significant profit and improved reputational opportunities can arise from reducing the complexity and resource/process-intensive nature of onboarding. CGI’s experience with global financial...