
UNION BANK OF CALIFORNIA SELECTS CGI-AMS’S PROPONIX
Application service provider pay-per-transaction processing model ensures operating costs align with business volumes
CGI-AMS Inc., the wholly-owned U.S. operating subsidiary of CGI Group Inc. (TSX:
GIB.SV.A; NYSE: GIB) announced today that Union Bank of California (UBOC), the
fourth largest commercial bank in California and one of the top 25 banks in the
United States, has chosen CGI-AMS’s Proponix solution to support the bank’s
domestic trade finance business.
Proponix is a hosted, Web-based fully
integrated trade finance platform that provides access to trade services
technology as a service, enabling reduced costs and enhanced customer service.
Proponix allows financial service institutions to share a common platform,
infrastructure and development costs, and pay-per-transaction for processing
trade services.
“UBOC was looking for a cost-effective solution to
enable us to keep pace with technology changes as well as gain the flexibility
to adopt future trade strategies as this very competitive market evolves,” said
Barbara Hounsell, senior vice-president, Commercial Loans and Trade Services
Operations. “We believe the Proponix solution will position UBOC to meet these
objectives.”
The Proponix platform includes a comprehensive trade
processing system with built-in workflow and imaging, in-sourcing capabilities,
denied party compliance, and online reporting. A Web-based trade portal enables
banking customers to initiate and manage transactions, perform inquiries, view
document images, and run up-to-date reports. Trade portal clients also gain
access to supply-chain management capabilities, including trade document
preparation and collaboration among banks, their customers, and their customer’s
trading partners and logistic service providers.
“Banks are looking for
ways to upgrade their trade finance technology, reduce operating costs, and
offer new products while keeping up-front investment to a minimum,” said George
Schindler, senior vice president and head of the CGI-AMS banking practice.
“Proponix solution enables banks to focus on core business objectives and not
worry about the required ongoing technology investment.”
CGI and its
wholly owned US operating division, CGI-AMS, has more than 20 years experience
in delivering trade services solutions globally. The Proponix solution is in
production globally and currently supports the processing of more than 17,000
transactions per week.
About Union Bank
Based in San
Francisco, UnionBanCal Corporation (NYSE:UB) is a bank holding company with
assets of $49.4 billion at March 31, 2005. Its primary subsidiary, Union Bank of
California, N.A., had 316 banking offices in California, Oregon and Washington,
and 21 international facilities, at March 31, 2005. The company's Web site is
located at www.uboc.com.
About CGI-AMS
CGI-AMS Inc. is the wholly-owned U.S. operating
subsidiary of CGI Group Inc. Founded in 1976, CGI is among the largest
independent information technology and business process services firms in North
America. CGI and its affiliated companies employ approximately 25,000
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 Canada, the US, Europe and
India. CGI’s annualized revenue run-rate is currently CDN$3.8 billion (US$3.0
billion) and at March 31, 2005, CGI’s order backlog was CDN$12.9 billion (US$10
billion). CGI’s shares are listed on the TSX (GIB.SV.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.
Forward-Looking Statements
All
statements in this press release that do not directly and exclusively relate to
historical facts constitute “forward-looking statements” within the meaning of
that term in Section 27A of the United States Securities Act of 1933, as
amended, and Section 21E of the United States Securities Exchange Act of 1934,
as amended. These statements represent CGI Group Inc.’s intentions, plans,
expectations, and beliefs, and are subject to risks, uncertainties, and other
factors, of which many are beyond the control of the Company. These factors
could cause actual results to differ materially from such forward-looking
statements.
These factors include and are not restricted to the timing
and size of contracts, acquisitions and other corporate developments; the
ability to attract and retain qualified employees; market competition in the
rapidly-evolving information technology industry; general economic and business
conditions, foreign exchange and other risks identified in the Management’s
Discussion and Analysis (MD&A) in CGI Group Inc.’s Annual Report or Form
40-F filed with the SEC, the Company’s Annual Information Form filed with the
Canadian securities authorities, as well as assumptions regarding the foregoing.
The words “believe”, “estimate”, “expect”, “intend”, “anticipate”, “foresee”,
“plan”, and similar expressions and variations thereof, identify certain of such
forward-looking statements, which speak only as of the date on which they are
made. In particular, statements relating to future revenue from outsourcing
contracts are forward-looking statements. CGI disclaims any intention or
obligation to publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise. Readers are
cautioned not to place undue reliance on these forward-looking statements.
.
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For more
information:
CGI:
Investor relations
Jane
Watson
(514) 841-3200 or (416) 945-3616
Ronald White
(514)
841-3230
Media relations
Eileen Murphy
(514) 841-3430
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