CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, and Bladex (NYSE: BLX), Banco Latinoamericano de Comercio Exterior, announced an agreement for the implementation of the CGI Trade360® trade technology platform.
Bladex will become the first bank headquartered in Latin America to implement the CGI Trade360® platform, an award-winning software-as-a-service (SaaS) platform utilized by global banks to support trade finance in over 85 countries across Asia, Europe, North America and Oceania.
Jorge Salas, Chief Executive Officer of Bladex, emphasized that “at Bladex, we are committed to staying at the technological forefront. We appreciate the partnership with CGI and the future implementation of this powerful technology platform that will allow us to accelerate the deployment of digital solutions which constitutes an important milestone in our continuous service improvement strategy. In this way, we advance in our strategy as a benchmark bank in trade financesolutions in Latin America.”
The implementation of CGI Trade360® at Bladex, delivered by CGI’s U.S. and global delivery teams, will provide the infrastructure and support needed to improve the bank’s regional and global trade business, optimize letter of credit processing, and significantly enhance working capital solutions as well as security and operational transparency. The platform will enable Bladex’s corporate clients to manage their financial needs swiftly and accurately on a unified, integrated, and global platform.
“We look forward to our new partnership with Bladex, a bank with over 40 years of recognized experience in the region’s trade finance,” said Frank Tezzi, Vice-President, Consulting Services, Trade and Supply Chain Solutions at CGI. “With the implementation of CGI Trade360®, Bladex joins the ranks of leading global banks leveraging our technology. Together, we are advancing Bladex’s growth strategy and delivering the capabilities required to achieve its business objectives.”
Mauricio Quintana, Senior Vice President of Trade Services Products at Bladex, added “we continue to innovate in our commitment to offer an excellent user experience through a world-class platform that is easily accessible, integrates essential information in real-time, combined with the latest commercial solutions.”
CGI Trade360® supports more than 50 products in the areas of traditional trade, payables, receivables, cash management, and others. It delivers a powerful digital experience for bank clients, suppliers, and trade operations teams, while giving banks the ability to scale their trade business, both globally and regionally, with consistency and confidence.