
CGI PROVIDES CORE TECHNOLOGY FOR PNC CONSUMER SERVICES
CGI and PNC Approach 1.5 Million Mark for Accounts Processed
CGI Group Inc. (CGI) (TSX: GIB.A; NYSE: GIB) deepens partnership with PNC
Financial Services Group, Inc. (NYSE: PNC) to deliver the core technology for
financial services platforms through a business process outsourcing (BPO) model.
This partnership enables financial institutions to benefit from PNC’s
operational excellence, supported by CGI technology, in a highly cost-effective
model. The PNC Consumer Services (PNCCS) BPO solution enables each client to
enjoy a lower cost per unit for transactions, while allowing each organization
to stay true to their individual lending policies, strategy, and brand. Current
PNC Consumer Services clients include a diverse list of financial institutions,
such as Capital One, American Express, Discover, ETrade, and Washington Federal.
PNCCS services in excess of $28 billion of consumer loan accounts comprised of
home equity loans and lines of credit, direct and indirect automobile loans, and
personal loans and lines of credit.
“CGI technology solutions and
services are some of the critical components of the PNC Consumer Services
offering,” said James C. DeFoggia, President, PNC Consumer Services, “We will
continue to build upon this partnership with CGI to deliver to our clients the
most advanced and cost-effective solutions available.”
“Through our
partnership with PNC, we are proud to say that our major credit technologies,
including CMS for collections, Strata for decision management and ACLS for
servicing are inside the processing of 1.5 million accounts for 12 leading
financial institutions,” said Jame Cofran, Vice President, US Banking and
Investments Strategy, CGI. “This partnership affords a level of capability
available to organizations that would not otherwise have access to them on an
in-sourced basis.”
About CGI
Founded in 1976, CGI Group Inc.
is one of the largest independent information technology (IT) and business
process services firms in the world. CGI and its affiliated companies employ
approximately 24,500 professionals. CGI provides end-to-end IT and business
process services to clients worldwide from offices in Canada, the U.S., Europe
and Asia Pacific as well as from centers of excellence in Canada and the U.S.,
Europe and India. CGI's annualized revenue run rate is currently $3.5 billion
(US$3.1 billion) and at June 30, 2006, CGI's order backlog was $13.3 billion
(US$11.9 billion). CGI's 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 .
About
PNC
The PNC Financial Services Group, Inc. (www.pnc.com) is one of the nation’s largest diversified
financial services organizations providing retail and business banking;
specialized services for corporations and government entities, including
corporate banking, real estate finance and asset-based lending; wealth
management; asset management and global fund services.
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For more
information:
CGI:
Business Development
Bernard
A. Mongilio
Vice President
(703)-328-2332
Media
relations
Kirsten Paragona
Director, Corporate Communications
(978)
946-3124
PNC:
Media relations
Patrick McMahon
Vice
President, Corporate Communications
(412) 762-2477
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