MONTRÉAL, Sept. 23, 2019 /CNW
Telbec/ - CGI (TSX: GIB.A) (NYSE: GIB) has been awarded a contract
by National Bank of Canada
(NBC) to implement All Payments (APS) as its payments Hub
solution. Under the agreement, NBC will deploy new technology in
preparation for its adoption of Payments Canada regulatory
changes. The modernized payments ecosystem will increase the
bank's straight-through processing (STP), improve operational
efficiencies and allow more flexibility in the bank's product
offering.
CGI All Payments will be used to support NBC's
transformation journey as it modernizes its payments ecosystem.
Consolidating payments onto the CGI platform will give National
Bank a continuous view of liquidity across all clearings, and
consolidated payment transactions data. Having CGI All Payments as
its payments hub platform will allow the bank to maintain its focus
on innovation and develop new customer business.
"Implementing APS (All Payments solution) will significantly
contribute to our payments modernization program and will help us
make a positive impact on our customers and partners," said
David Bergeron, Senior Manager,
Treasury and Payments Solutions, National Bank of Canada. "The technologies we are implementing
deliver the scalability to support future growth and the
flexibility to adopt future payments innovations."
"CGI's partnership in modernizing National Bank of Canada's payments systems is based on more
than 40 years of experience supporting national payment
infrastructures in 20 countries around the world," said
Michael Godin, Senior
Vice-President, Greater Montréal, CGI. "We look forward to working
with National Bank of Canada on
its journey to introduce innovative services for customers by
modernizing its payments processing infrastructure."
"The Canadian Payments market is going through an ambitious
modernization program currently, leading every bank in turn to
modernize their systems," notes Gareth
Lodge, Senior Analyst, Celent. "What makes this announcement
noteworthy is that National Bank of Canada have chosen not to concentrate on just
the changes they needed to make and replicate what they had before,
but take this opportunity and implement a leading edge solution.
This will serve them well for future opportunities the market will
bring."
About CGI All Payments
CGI All Payments is a modern,
modular solution built on global industry standards to ensure
banks' payments business is future-proof. It helps banks to
increase revenue by reducing transaction costs and time to market
for new revenue streams. A bank's customers also benefit from a
wide range of payment choices and the ability to transfer and
receive funds 24/7/365. As an integrated software platform for
processing real-time, wire and ACH payments, CGI All Payments'
built-in workflow engine helps automate the processing of payment
transactions to reduce manual processing while improving
straight-through processing (STP) rates across all payment
types.
About CGI
Founded in 1976, CGI is among the
largest independent IT and business consulting
services firms in the world. With
approximately 77,500 consultants and professionals across
the globe, CGI delivers an end-to-end portfolio of capabilities,
from strategic IT and business consulting to systems integration,
managed IT and business process services and intellectual
property solutions. CGI works with clients through a local
relationship model complemented by a global delivery network that
helps clients digitally transform their organizations
and accelerate results. With Fiscal 2018 reported revenue
of C$11.5 billion, CGI
shares are listed on the TSX (GIB.A) and the NYSE
(GIB). Learn more at cgi.com.
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SOURCE CGI Inc.