MONTRÉAL, Oct. 19, 2018 - CGI (TSX: GIB.A) (NYSE: GIB) is pleased to announce the launch of CGI HotScan360—an enhanced version of its industry-leading HotScan solution. The increasing sophistication of financial crime, a sharper focus on money laundering by regulators, and heightened security concerns across the banking industry are driving the demand for more advanced anti-financial crime tools. CGI HotScan360 meets this demand by delivering integrated, intelligent and real time anti-money laundering, customer due diligence and fraud detection capabilities.
In today's digital world, billions of financial transactions take place each day and ensuring each is legitimate is an overwhelming task. Until recently, banks that manage transactions have relied on multiple solutions to cover different aspects of protection and have been constrained by legacy batch processing. However, as digitalization increases the volume and speed of transactions, banks are looking for a single, end-to-end solution that handles these transactions holistically and in real time.
Developed in close collaboration with major banks, CGI HotScan360 addresses these challenges by providing an innovative, high-performance technology platform with a real-time risk engine for scanning and scoring thousands of transactions per second. The engine uses the latest in machine learning, advanced analytics and automation and is highly scalable to meet future transaction volumes. In addition, CGI HotScan360 is a modular solution that allows banks to integrate certain modules with other systems or omit them, as necessary. The solution also complies with the latest and upcoming regulations such as PSD2, GDPR and SEPA instant payment requirements.
"Financial crime is increasingly sophisticated, and new technologies enable criminals to replicate fraud across the globe 24/7," said CGI Vice-President Jan Macek. "In addition, with real-time payments, banks no longer have hours or days to analyze transactions, but must do so instantaneously, within milliseconds. CGI HotScan360 meets the demands of the digital age through real-time monitoring and advanced data analysis of customer activities while reducing operational costs and providing a global support network."
CGI is an industry leader in providing anti-financial crime solutions and services, with 11,000 banking experts across 5 continents. Its industry-leading HotScan solution is currently implemented in 40 countries and helps clients to settle approximately USD5 trillion of payments on an average day. CGI will be at Sibos in Sydney, Australia to discuss CGI HotScan360 and our end-to-end services and solutions for banking. To meet with us, please contact email@example.com or visit cgi.com to learn more.
Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 74,000 professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from IT and business consulting to systems integration, outsourcing 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 annual revenue of C$10.8 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB).
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Investors, Lorne Gorber, Executive Vice-President, Investor and Public Relations, firstname.lastname@example.org, +1 514-841-3355
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