CGI to work with Scotiabank for global rollout of Trade360

Stocks and Financial Services Press Releases Monday August 15, 2011 10:23
Toronto--15 Aug--Asian Banker
Cloud-based software as a service (SaaS) streamlines platform, enhances competitive advantage

Toronto, Ontario, August 15th 2011 - CGI Group Inc., a leader in information technology and business process services, today signed a seven-year agreement with Scotiabank, one of North America's premier financial institutions and Canada's most international bank, for a global rollout of cloud-based customizable SaaS solution, CGI Trade360. Trade360 will replace multiple legacy trade and supply chain applications at Scotiabank with a single, integrated platform to enhance service to clients, reduce costs, and provide greater visibility and transparency into its North America, Latin America, Caribbean and Asia operations.

“We are taking steps towards a common global trade finance platform that will enhance our ability to deliver a superior, consolidated range of trade finance and supply chain products to our clients,” said Alberta G. Cefis, Executive Vice-President & Head of Global Transaction Banking at Scotiabank. “Leveraging our international presence, this agreement will allow us to streamline trade finance operations globally and strengthen our position in the global marketplace.”

“We needed a global solution that not only keeps pace with the rapid changes in technology, but also allows us to easily adapt as the market and our clients’ needs continue to evolve,” said Paul LeBlanc, Senior Vice-President, Trade Services & Financial Institutions, Scotiabank. “CGI has provided us with an end-to-end trade and supply chain platform to help us better meet our clients’ needs locally, while providing consistent service across our global operations.”

“CGI is uniquely positioned to help Scotiabank address their global trade services processing needs,” said Steve Starace, Vice-President, U.S., CGI. “Trade360 delivers a single, global solution that can be configured and customized locally, giving Scotiabank a sustainable competitive advantage in the market.”

“CGI is honored to continue our 20+ year working relationship with Scotiabank, providing innovative solutions to fuel strategic growth,” said Doug McCuaig, President, Canada, CGI. “Moving its legacy system to a managed service application delivered in the cloud will help accelerate expansion of Scotiabank’s global trade business, while ensuring a secure and reliable platform.”

For 35 years, CGI has provided IT, business process and managed services to financial institutions around the world, including 23 of the top 25 banks in the Americas and 16 of the top 25 European banks. CGI banking-focused solutions include core banking, wealth management, trade finance, business intelligence/data warehousing and customer relationship management.

--www.theasianbanker.com (August 15, 2011)--

Latest Press Release

BYFX Global Co., Limited Announces Business Launch

BYFX Global Co., Limited (BYFX Global) today announced the launch of its retail and institutional business -- offering clients around the globe top-tier liquidity and online OTC trading for Spot FX and Spot Bullion[1]. Striving towards financial...

2018 Robot World to Suggest Direction for the Fourth Industrial Revolution

Showcasing the latest robot technologies from around the world, the 2018 Robot World will be held at KINTEX, Korea from October 10-13, 2018. The Robot World (eng.robotworld.or.kr/wp), celebrating its 13th anniversary this year, consists of four main...

ชวนผู้ประกอบการเรียนรู้เส้นทางความสำเร็จของสตาร์ทอัพแอปพลิเคชัน เคลมดิ อังคาร 25 ก.ย. นี้

ตลาดหลักทรัพย์ฯ ขอเชิญผู้ประกอบการ Social Enterprise (SE) SMEs และ Startup ร่วมอบรมครั้งพิเศษในโครงการ SET Social Impact Gym หัวข้อ "Fintech vs Social Startup... Lesson Learned..." พบกับสตาร์ทอัพเจ้าของแอปพลิเคชัน "เคลมดิ" (Claim Di)...

3650 REIT and Silverfern To Collaborate on US CRE Private Debt

3650 REIT ("3650 REIT") and The Silverfern Group ("Silverfern") today announced a collaboration for bridge and event-driven lending secured by U.S. commercial real estate ("CRE") to be marketed as the Silver3TG Investment Program...

KTC packs a punch with worldwide online shopping opportunities with cash backs and up to X12 rewards points.

Mr. Nattasit Soontranu, Vice President - Credit Card Business, "KTC" or Krungthai Card Public Company Limited,states, "In the first half of the year, KTC achieved a decent level of online purchases made using KTC credit cards—a level that is also...

Related Topics