CGI Successfully Completes Implementation of an Open Account Solution for BMO Capital Markets
October 02 2007 - 8:30AM
PR Newswire (US)
Stock Market Symbols GIB.A (TSX) GIB (NYSE) MONTREAL, Oct. 2
/PRNewswire-FirstCall/ -- 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(TM), 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 http://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:
http://www.cgi.com/. DATASOURCE: CGI GROUP INC. CONTACT: CGI:
Investors and Media: Lorne Gorber, Vice-President, Global
Communications and Investor Relations, (514) 841-3355, ; Trade
Media: Lee LoPriore, Executive Consultant, Banking &
Investments, (770) 444-0446,
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