CGI is reporting multi-year contract extensions valued at a total of C$48.6 million with four major Canadian financial institutions for its MPower, StarBase, Starquote Pro and Core solutions.
MPower is CGI's flagship multi-currency portfolio management software for wealth management professionals. The system provides complete order management processing including trading, modelling, compliance and performance measurement and a comprehensive back office featuring real-time general ledger capabilities.
Offered on an ASP basis, StarBase provides investment funds record keeping, customer support and business recovery services.
Starquote Pro is a customisable interface operating in a Windows Active-X desktop that hosts multiple windows to form a profile of the financial markets. The solution allows for the integration of real-time quotes, dynamic marketBooks, news and TrendAlerts on a single screen and can be delivered via the Internet.
Core is a record keeping system for banking-based wealth management firms. The system provides a customer centric view of all holdings and supports investment plans such as RRIF, RRSP and RESP.
Details of the firms renewing CGI contracts have not been disclosed.