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Advisory firm, Celent, highlighted CGI's domain
expertise and AI capabilities
MONTRÉAL, April 16,
2024 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE:
GIB), one of the world's largest business and IT consulting firms,
announces that the CGI Hotscan360 business solution has been
recognized as a market leader by leading research and advisory firm
Celent in its latest Financial Crime Compliance Technology:
Watchlist Screening Edition report. Celent placed CGI's Hotscan360,
an all-in-one financial crime solution for enterprises, in the
highest-rated Luminary category in its new Technology Capabilities
Matrix, recognizing the solution for its breadth of functionality
and advanced technology.
"With electronic payments becoming faster and more frequent, our
ability to help clients protect their organization from financial
crime is a key element of our adaptive banking strategy," said
Andy Schmidt, Vice-President &
Global Industry Lead for Banking at CGI. "By combining scalability,
granularity, and AI, CGI's Hotscan360 solution enables clients to
quickly scan structured and unstructured message formats at high
speeds, and with extremely low false positive rates."
According to Martin Zelenka,
Vice-President, Intellectual Property for Hotscan360 at CGI, "To be
designated as a Luminary is a powerful validation of our commitment
to helping clients succeed by building secure, market-leading
solutions. The increasing sophistication of financial crime, a
sharper focus on money laundering by regulators and heightened
security concerns across the banking industry are driving the
demand for more advanced anti-financial crime tools. There is a
critical need for modern solutions like CGI Hotscan360 that deliver
integrated, intelligent, and real-time anti-money laundering,
customer due diligence, and fraud detection
capabilities."
"The digital financial services revolution is creating
increasingly complex, high-volume, and fast transactional
environments," said Neil Katkov,
Director in Celent's Risk practice. "Consequently, financial
institutions are facing heightened regulatory demands around
screening processes, prompting the adoption of new or updated
technologies to enhance screening capabilities."
The Celent report highlights CGI's "domain expertise in
watchlist screening" and ability "to run supervised or unsupervised
AI models provided by the client." Celent also notes that clients
appreciate "the easy configurability of the (CGI Hotscan360)
solution, its reliability, and its speed."
About CGI
Founded in 1976, CGI is among the largest
independent IT and business consulting services firms in the world.
With 90,500 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. 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.
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content:https://www.prnewswire.com/news-releases/cgis-hotscan360-solution-named-a-market-leader-for-helping-enterprises-address-financial-crime-compliance-302117659.html
SOURCE CGI Inc.