Saskatchewan Credit Unions Select CGI for Core Banking & Integrated Solutions
October 27 2009 - 8:30AM
PR Newswire (US)
Stock Market Symbols GIB.A (TSX) GIB (NYSE) TORONTO, Oct. 27
/PRNewswire-FirstCall/ -- CGI Group Inc. (TSX: GIB.A; NYSE: GIB), a
leading provider of information technology and business process
services, announced today the signing of two seven-year contracts
with Govan Credit Union and Broadview Credit Union whereby CGI will
provide its proven RFS(TM) core banking system with integrated loan
origination and CRM solutions. RFS(TM) is a proven core banking
system used in 50+ Canadian credit unions, schedule II banks, and
trusts coast-to-coast today. HORIZON(TM) Loan Origination System
(LOS), used by 80+ financial institutions and HORIZON(TM) Know Your
Member (CRM), used by 60+ clients, can be integrated with any
banking solution today. Both credit unions are member-owned
financial institutions working to provide the best financial
services and products for their members and their surrounding
communities. "We are thrilled to strengthen our relationship with
CGI and have the opportunity to convert to their RFS(TM) banking
system. With this conversion, we will be able to follow through
with our commitment to provide accurate and reliable banking
service to our membership. We are pleased to be back on track with
our organization's goals for the future," said Ian Hardy, General
Manager, Govan Credit Union Ltd. "Broadview Credit Union is excited
about our new partnership with CGI that will provide us with a
proven banking system. We are confident the RFS(TM) banking system
will provide many options to assist us in remaining competitive in
an ever-changing market," said Ryan Tebbutt, General Manager,
Broadview Credit Union Ltd. "We are pleased to welcome both of our
new Saskatchewan partners as we support their business plans and
their members into the future through our managed services," said
Paul Mackley, Vice-President, Services to Credit Unions, CGI. "Our
solid experience in the integration and provision of solutions
gives our clients the confidence that our banking and integrated
solutions will result in the highest quality of service at a
competitive price." For more than 30 years, CGI has provided IT,
business process and managed services to financial institutions
around the world, including approximately 120 Canadian credit
unions, 24 of the top 25 banks in the Americas and 17 of the top 25
European banks. About CGI Founded in 1976, CGI is one of the
largest independent information technology and business process
services firms in the world. CGI and its affiliated companies
employ approximately 26,000 professionals in over 100 offices
across 16 countries. CGI provides end-to-end IT and business
process services to clients worldwide from offices in Canada, the
United States of America, Europe, Asia Pacific as well as from
centers of excellence in North America, Europe and India. CGI's
annualized revenue run rate is currently $3.8 billion and as at
June 30, 2009, its order backlog was $11.8 billion. CGI's 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: Lorne
Gorber, Vice-President, Global Communications and Investor
Relations, (514) 841-3355,
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