CGI (TSX: GIB.A) (NYSE: GIB) is pleased to announce the early contract renewal with CAG-Alliance, a leading consortium of 14 credit unions in Canada, for the ongoing maintenance and evolution of its core banking applications. CGI will continue to maintain the platform and continue evolving the innovation roadmap that supports the digital transformation initiatives of CAG-Alliance credit unions.
CAG-Alliance represents 14 credit unions in Canada, including 10 of the country’s largest 20 credit unions. Together, these 14 credit unions serve more than 1 million members across the country. These credit unions use Wealthview Banking Developer Kit (WBDK) as the development platform for their Wealthview Banking and Ovation applications, which support core functions such as online banking, mobile banking, in branch banking, member account management and ATM transactions.
CGI’s dedicated Services to Credit Unions (SCU) team of WBDK experts in Canada will continue to support the platform. Looking ahead, the innovation roadmap developed by the team will drive digital initiatives for core Wealthview Banking, Ovation and RFS® Banking applications, including its future transition to the cloud.
“WBDK is the foundational layer of our core banking applications. Our long term collaboration will ensure these applications stay current with new operating systems and technologies,” said Yves Auger, CIO, Servus Credit Union. “In addition, this renewal secures our continued access to CGI’s banking, and specifically, WBDK expertise”.
“CGI has the unique skills we need to maintain this critical platform,” added Darrell Jaggers, CIO, First West Credit Union. “Their reliability and expertise ensures the stability of our core banking applications and their commitment to innovation helps us accelerate our digital transformation to provide enhanced member experiences.”
“We’re excited about expanding our partnership with CAG-Alliance to help them drive efficiencies and meet their overall business objectives,” said Paul Mackley, Vice President, Services to Credit Unions, CGI. “The Canadian Credit Union industry continues to be a very important ongoing focus area for CGI and this continued collaboration will lead to even greater innovation and digitalization that will benefit all the credit unions we serve and their members.”
CGI’s Services to Credit Unions is a partner to more than 100 credit unions, banks and trusts throughout Canada and supports approximately 2 million end members. Core offerings include integrated banking, customer relationship management, loan and account origination, and delinquency management solutions as well as end to end application services and management consulting.
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 68,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging a comprehensive portfolio of services, including high-end business and IT consulting, systems integration, application development and maintenance, and infrastructure management, as well as 150 IP-based services and solutions. With annual revenue in excess of C$10 billion and an order backlog exceeding C$20 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website: www.cgi.com.
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