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GIB.A
(TSX)
GIB (NYSE)
www.cgi.com/newsroom
MONTRÉAL, July 18,
2024 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one
of the largest independent IT and business consulting services
firms in the world, and Bladex (NYSE: BLX), Banco Latinoamericano
de Comercio Exterior, announced an agreement for the implementation
of the CGI Trade360® trade technology platform.
Bladex will become the first bank headquartered in Latin America to implement the CGI
Trade360® platform, an award-winning
software-as-a-service (SaaS) platform utilized by global banks
to support trade finance in over 85 countries across Asia, Europe,
North America and Oceania.
Jorge Salas, Chief
Executive Officer of Bladex, emphasized that "at Bladex, we
are committed to staying at the technological forefront. We
appreciate the partnership with CGI and the future implementation
of this powerful technology platform that will allow us to
accelerate the deployment of digital solutions which constitutes an
important milestone in our continuous service improvement strategy.
In this way, we advance in our strategy as a benchmark bank in
trade finance solutions in Latin
America."
The implementation of CGI Trade360® at Bladex,
delivered by CGI's U.S. and global delivery teams, will provide the
infrastructure and support needed to improve the bank's regional
and global trade business, optimize letter of credit processing,
and significantly enhance working capital solutions as well as
security and operational transparency. The platform will enable
Bladex's corporate clients to manage their financial needs swiftly
and accurately on a unified, integrated, and global platform.
"We look forward to our new partnership with Bladex, a bank with
over 40 years of recognized experience in the region's trade
finance," said Frank Tezzi,
Vice-President, Consulting Services, Trade and Supply Chain
Solutions at CGI. "With the implementation of CGI
Trade360®, Bladex joins the ranks of leading global
banks leveraging our technology. Together, we are advancing
Bladex's growth strategy and delivering the capabilities required
to achieve its business objectives."
Mauricio Quintana, Senior Vice
President of Trade Services Products at Bladex, added "we continue
to innovate in our commitment to offer an excellent user experience
through a world-class platform that is easily accessible,
integrates essential information in real-time, combined with the
latest commercial solutions."
CGI Trade360® supports more than 50 products in the
areas of traditional trade, payables, receivables, cash management,
and others. It delivers a powerful digital experience for bank
clients, suppliers, and trade operations teams, while giving banks
the ability to scale their trade business, both globally and
regionally, with consistency and confidence. Learn more at
cgi.com/cgitrade360.
About CGI
Founded in 1976, CGI is among the largest independent IT and
business consulting services firms in the world. With 90,000
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. CGI Fiscal 2023
reported revenue is CA$14.30 billion and CGI shares are listed on
the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.
About Bladex
Bladex is one of the banking industry's references in foreign
trade in Latin America and the
Caribbean. Headquartered in
Panama, Bladex is a multinational
bank with a presence in several countries in Latin America and the Caribbean. Founded in 1979 to promote foreign
trade financing and economic integration in the region, Bladex has
been listed on the New York Stock Exchange for over three decades
and the Mexican Stock Exchange for over 10 years. This presence has
allowed Bladex to attract shareholders from central banks and state
entities in 23 Latin American countries, as well as commercial
banks, financial institutions, institutional investors, and
individuals. Bladex also has representative offices in Mexico, Argentina, Brazil, Colombia, and the
United States of America, as well as a representative
license in Peru, to support
regional development and meet the needs of its diverse client base,
which includes financial institutions and corporations.
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content:https://www.prnewswire.com/news-releases/bladex-selects-cgi-as-partner-for-trade-finance-business-evolution-enabled-by-the-cgi-trade360-global-technology-platform-302200266.html
SOURCE CGI Inc.
