CGI HELPS BANKS TRANSFORM CREDIT AND TRADE STRATEGIES WHILE HOSTING INNOVATIONS 2008
CGI Group Inc. (TSX: GIB.A; NYSE: GIB), a leader in information technology and
business process services, helps banks and financial institutions transform
their credit and trade strategies and operations while hosting its annual
Innovations conference at the La Costa Resort and Spa in Carlsbad, CA, April
CGI’s Innovations 2008 is the premier networking and education event for senior executives and managers in the credit and trade communities.
“Innovations 2008 couldn’t happen at a better time. We have brought together CGI clients and industry experts to take an in-depth look at the industry and business operations as a whole,” said Jame Cofran, Senior Vice President, CGI Banking & Investments. “Awareness of what’s taking place in our industry is fundamental for successful short-term action and long-term strategic planning.”
As a consequence of the tightened credit market, financial institutions are under intense financial pressure that has not been seen in recent years. Innovations 2008 sessions are focused on specific issues facing the banking industry, and the techniques and tools necessary for banks to stay nimble in today’s market while positioning for future transformation of systems and processes to enable true relationship banking.
“Policymakers are chipping away at the problems plaguing the economy and have loaded up the pipeline with considerable stimulus,” says Dr. Ken Mayland, President, ClearView Economics, LLC, who is addressing the economic future of the banking industry at Innovations. “The key to success for financial institutions will be their ability to adapt to this changing market.”
This year, CGI designed
Innovations 2008 as a “green” conference, taking measures to protect the
environment in just about every aspect of conference planning. IBM and Research
In Motion, developer of the BlackBerry® wireless solution, are
platinum sponsors of the conference.
For over 30 years, CGI has provided IT and business process services to financial institutions around the world including 21 of the top 25 U.S. banks and 45 of the top 50 banks in the Americas and Europe. CGI’s banking focused solutions include end-to-end wealth management, trade finance, business intelligence/data warehousing, customer relationship management, and credit management. CACS helps organizations maximize the effectiveness of collections treatments, optimize the deployment of collectors, and speed the collections of impaired accounts. Seven of the top 10 U.S. banks and six of the top 10 banks worldwide are utilizing the CACS solution. Strata, a patented decision management solution, helps organizations obtain better response and approval rates, higher utilization and wallet share, lower attrition rates, and increased cash collection. More than 50 organizations worldwide, including six of the top 10 U.S. banks, seven of the top 10 U.S. telecommunications carriers, and multiple state agencies are utilizing the Strata solution.
Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 26,500 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in North America, Europe and India. CGI's annual revenue run rate stands at $3.7 billion and at December 31st, 2007, CGI's order backlog was $12.04 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices. Website: www.cgi.com.
The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited.
Vice-President, Global Communications and
Executive Consultant, Banking and Investments