20 July 2018
Visit www.gemalto.com

CGI signs 10-year outsourcing agreement with Northern Savings CU

20 August 2015  |  2343 views  |  0 Source: CGI

CGI (TSX: GIB.A) (NYSE: GIB) and Northern Savings Credit Union have entered into a 10-year agreement for the outsourcing of core banking services.

In addition, CGI entered into a definitive agreement to acquire the business of Solutions Only Financial Technologies Ltd., a Northern Savings indirect subsidiary, which will augment CGI’s industry-leading banking solutions portfolio and strategy of providing clients with high-value IP-based services. The closing of the transaction is subject to customary closing conditions. As part of the acquisition, 31 Solutions Only employees will join CGI.

Northern Savings selected CGI as its long-term strategic IT partner to support their future growth, improve operational excellence and reduce risk. The transition to CGI will also enable Northern Savings and other credit unions to benefit from end-to-end hosting and support services that will increase quality and return on investment.

“We chose CGI because of its strong banking and outsourcing experience and track record across Canada,” said Bill Nicholls, Acting Interim President and Chief Executive Officer of Northern Savings. “We’re excited to enter into this long-term partnership to not only help grow our business but enable us to focus on providing excellent member service.”

“CGI works with more than 110 credit unions across Canada, representing 3 million end customers. We are pleased to add Northern Savings as a client and to enhance our credit union and retail banking capabilities with the addition of the Solutions Only portfolio and its employees. This reinforces our commitment to this market and makes us one of the country’s largest providers of credit union services and solutions,” said Jay MacIsaac, Senior Vice-President, CGI.

“We’re very pleased that Northern Savings has put their trust in us to be their technology partner and are thrilled to be welcoming the Solutions Only team to CGI,” added Paul Mackley, CGI’s Vice President, Services to Credit Unions.

Comments: (0)

Comment on this story (membership required)

Related company news


Related company information

CGI Group UK

Related blogs

Create a blog about this story (membership required)
Visit iliad-solutions.com/Visit info.nice.comVisit https://secure.vasco.com

Who is commenting?

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
12906 views comments | 6 tweets | 7 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
10344 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9753 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
6782 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
6586 views comments | 2 tweets | 7 linkedin

Featured job

to GBP £120K base, double ote, benefits
Frankfurt, Germany

Find your next job