CGI (TSX: GIB.A) (NYSE: GIB) has entered into a long-term contract with VCIB, a subsidiary of Vancouver City Savings Credit Union (Vancity), to implement CGI’s RFS360™ Banking solution. CGI’s solution will be used to launch VCIB’s impact banking services, allowing VCIB to continue to meet the needs of organizations across Canada that are focused on driving positive social, economic and environmental change.
RFS360™ Banking is a managed service, featuring a multi-channel, 24/7 real-time view of client relationships, enabling financial institutions to deliver highly personalized service and more relevant products and services to their members. Fully extensible through robust APIs, RFS360™ Banking enables financial institutions to easily and securely integrate new products and solutions quickly to meet their customers’ needs as they transform their organizations to meet the digital banking requirements of the future.
“At VCIB, we are committed to leveraging the tools of finance to drive immediate and lasting social and environmental change in our communities,” said Jay-Ann Gilfoy, CEO, Vancity Community Investment Bank. “By partnering with CGI and implementing their RFS360™ Banking solution, we’ll be able to scale up and enhance the impact banking products and services we offer to Canada’s change makers.”
“We are very excited to be partnering with such a uniquely socially conscious community-focused bank,” noted Richard Pickering, Vice-President, CGI. “We are confident that our collaboration with VCIB will lead not only to significant cost efficiencies in their banking operations, but also enhance and support their core business needs in serving their clients. Our team is proud to have been chosen by VCIB and we look forward to a strong and sustained partnership for many years to come.”
CGI is a partner to more than 100 credit unions, banks and trusts in Canada supporting approximately two million end customers. CGI's two core banking offerings, RFS360™ Banking and HORIZON™ Financial Suite, manage and improve both front- and back-office banking activities to drive client’s performance, efficiencies and growth.
Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 78,000 consultants and other professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. With Fiscal 2019 reported revenue of C$12.1 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.
About Vancity Community Investment Bank (VCIB)
VCIB is an Ontario-based schedule 1 federally chartered bank. As Canada's first values-driven bank, VCIB partners exclusively with organizations that drive social, economic, and environmental change. The bank is committed to connecting these visionary enterprises with financial solutions that allow them to create, grow, and foster change. VCIB's primary focus is lending for social purpose real estate (affordable housing, co-op housing, co-working spaces, green and heritage buildings), as well as meeting the needs of non-profit organizations, foundations, and social enterprises. For more information, visit vcib.ca, tweet us at @BankVancity and connect with us at Facebook.com/BankVancity.
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