PRAGUE, March 1, 2017 /PRNewswire/ --
Solution Delivers Real-Time Instant Payment Functionality for
Banks and Payment Service Providers, Along With Anti-Money
Laundering and Anti-Fraud Capabilities
CGI (NYSE: GIB) (TSX: GIB.A) today announced the launch of a new
high performance, real-time Single Euro Payments Area (SEPA)
instant credit transfer solution. Developed by a team of CGI
experts in the Czech Republic, the
solution is designed for banks and payment service providers in
Europe seeking to implement SEPA
instant credit transfers, as defined by the European Payments
Council's SEPA Instant Credit Transfer (SCT Inst)
Rulebook.
"We are introducing this solution in response to wide interest
by banks and payment service providers across Europe in the SCT Inst scheme," said CGI's
Jerry Norton, Vice-President, Global
Financial Services. "Enabling our financial services clients to
adopt real-time payments quickly and at low cost is a key driver
behind CGI's payments modernization strategy. We are now able to
provide our clients with a high performance solution that supports
full real-time processing while minimizing the impact on existing
bank payment infrastructures and core banking systems."
CGI's SEPA Real-Time (SRT) solution will connect to EBA
CLEARING's pan-European instant payment infrastructure service, the
first of its kind in Europe's
Eurozone, and CGI is a 'Front Runner Provider' within the EBA
CLEARING Technical Service Provider Program. As a Front Runner
Provider, CGI's financial services clients across Europe will be among the first to have access
to instant credit transfer technology for the benefit of both their
corporate and consumer customers. It is envisaged that other SCT
Inst clearing and settlement mechanisms (CSMs) will be supported by
CGI SRT as they come to market.
The CGI SRT solution provides a real-time payment service for
both originating and beneficiary banks 24 hours a day, 7 days a
week. It includes numerous options, including CGI's Protect the
Bank solution, which provides anti-money laundering and real-time
fraud protection through transaction monitoring. CGI SRT uses
state-of-the-art (open source) technologies, eliminating the high
costs normally required for third-party licences.
"CGI's SRT solution is truly flexible and can support many
different implementation scenarios," added Norton. "It can run as a
standalone/independent system for real-time processing, or it can
complement a bulk SEPA processing engine, which is already
implemented in a bank. In addition, it can be delivered as part of
the CGI All Payments solutions for clients that intend to enhance
or replace their existing payments processing infrastructure."
CGI is a recognized IT leader in the financial services
industry, serving clients across 5 continents, including 23 of the
top 25 banks in the Americas and 21 of the top 25 banks in
Europe. Its payment experts have
played a key role in the setup, modernization and running of
national payment infrastructures in more than 20 countries over the
past 15 years.
About CGI
Founded in 1976, CGI Group Inc. is the fifth largest independent
information technology and business process services firm in the
world. Approximately 68,000 professionals serve thousands of global
clients from offices and delivery centers across the Americas,
Europe and Asia Pacific, leveraging a comprehensive
portfolio of services including high-end business and IT
consulting, systems integration, application development and
maintenance, infrastructure management as well as 150 IP-based
services and solutions. With annual revenue in excess of
C$10 billion and an order backlog
exceeding C$20 billion, CGI shares
are listed on the TSX (GIB.A) and the NYSE (GIB).
Website: http://www.cgi.com.
cgi.com/newsroom
Investors and media:
Lorne Gorber
Executive Vice-President
Global Communications and Investor Relations
lorne.gorber@cgi.com
+1-514-841-3355