ANZ inks long-term CGI Trade360 contract

Source: CGI

CGI (NYSE: GIB) (TSX: GIB.A) announced today a seven and half year agreement with Australia and New Zealand Banking Group Limited (ANZ), a major bank in the Asia-Pacific region, to extend the bank's use of the CGI Trade360 global trade finance Software as a Services (SaaS) platform.

ANZ has used the CGI Trade360 SaaS platform since 2001 in support of the bank's business strategy focused on building lasting partnerships with their customers.

"The CGI Trade360 platform has been essential to ANZ's global expansion and supporting our growth into a super-regional bank. It is the one platform we use across our trade business globally in 28 countries," said Wayne Jobson, Global Head of Trade & Supply Chain Platforms at ANZ. "With CGI Trade360, we can give every customer the ANZ experience wherever they bank with us. It allows us to deliver consistency to our customers, leverage global synergies and seamlessly expand our footprint."

CGI leads the trade finance technology market with more than 50 products for traditional trade, supply chain, open account and cash management. Recent additions include a supplier portal and integrated payables offerings. Upcoming releases of CGI Trade360 will feature collateral management for commodity finance. These capabilities continue to enable financial institutions like ANZ to further expand their trade banking services for their corporate clients.

Frank Tezzi, Vice President and Head of Trade & Supply Chain Finance at CGI added, "We are delighted to continue our long-term partnership with ANZ. Their decision to extend the use of CGI Trade360 demonstrates confidence in our ability to deliver a premier, global trade platform to help ANZ compete successfully in the evolving trade marketplace." 

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