Saskatchewan Credit Unions Select CGI for Core Banking & Integrated Solutions
CGI Group Inc. (TSX: GIB.A; NYSE: GIB), a leading provider of information technology and business process services, announced today the signing of two seven-year contracts with Govan Credit Union and Broadview Credit Union whereby CGI will provide its proven RFS™ core banking system with integrated loan origination and CRM solutions.
RFS™ is a proven core banking system used in 50+ Canadian credit unions, schedule II banks, and trusts coast-to-coast today. HORIZON™ Loan Origination System (LOS), used by 80+ financial institutions and HORIZON™ Know Your Member (CRM), used by 60+ clients, can be integrated with any banking solution today.
Both credit unions are member-owned financial institutions working to provide the best financial services and products for their members and their surrounding communities.
"We are thrilled to strengthen our relationship with CGI and have the opportunity to convert to their RFS™ banking system. With this conversion, we will be able to follow through with our commitment to provide accurate and reliable banking service to our membership. We are pleased to be back on track with our organization's goals for the future," said Ian Hardy, General Manager, Govan Credit Union Ltd.
"Broadview Credit Union is excited about our new partnership with CGI that will provide us with a proven banking system. We are confident the RFS™ banking system will provide many options to assist us in remaining competitive in an ever-changing market," said Ryan Tebbutt, General Manager, Broadview Credit Union Ltd.
"We are pleased to welcome both of our new Saskatchewan partners as we support their business plans and their members into the future through our managed services," said Paul Mackley, Vice-President, Services to Credit Unions, CGI. "Our solid experience in the integration and provision of solutions gives our clients the confidence that our banking and integrated solutions will result in the highest quality of service at a competitive price."
For more than 30 years, CGI has provided IT, business process and managed services to financial institutions around the world, including approximately 120 Canadian credit unions, 24 of the top 25 banks in the Americas and 17 of the top 25 European banks.
Founded in 1976, CGI is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 26,000 professionals in over 100 offices across 16 countries. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States of America, Europe, Asia Pacific as well as from centers of excellence in North America, Europe and India. CGI's annualized revenue run rate is currently $3.8 billion and as at June 30, 2009, its order backlog was $11.8 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.
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Vice-President, Global Communications and Investor Relations