CGI launches fraud, waste and abuse prevention platform to support U.S. federal government agencies
Rhea-AI Summary
CGI Federal Inc., a subsidiary of CGI Inc. (NYSE: GIB), has unveiled its new Fraud, Waste and Abuse (FWA) Prevention Platform designed for U.S. federal government agencies. The platform, developed with TrackLight Inc. and running on AWS, integrates real-time risk identification and AI-powered analytics to prevent improper payments.
The solution features continuous transaction monitoring through advanced fraud analytics, utilizing predictive models trained on over 3,000 fraud schemes. Currently available for clients using CGI's Momentum solution, the platform will expand to support other major core financial systems in the future.
CGI's Momentum system, currently serving more than 180 federal government organizations across all three branches, complies with Treasury's Financial Management Capability Framework and has been available on the FM QSMO since 2023.
Positive
- Launch of new AI-powered fraud prevention platform expands product portfolio
- Platform leverages comprehensive database of 3,000+ fraud schemes
- Strong market presence with 180+ federal government organizations using Momentum system
- Strategic partnerships with TrackLight and AWS enhance solution capabilities
Negative
- Initial availability to existing Momentum solution clients
Insights
CGI's new fraud prevention platform addresses key federal priorities and expands their service offering to 180+ existing government clients.
CGI's launch of their Fraud, Waste and Abuse (FWA) Prevention Platform represents a strategic expansion of their federal government service portfolio. The platform addresses an increasingly important priority for federal agencies: preventing improper payments before they occur rather than detecting them after the fact.
The technical architecture combines three critical components: real-time risk identification, AI-powered analytics from TrackLight, and core financial system integration, all running on AWS infrastructure. The platform's monitoring system applies predictive models trained on over 3,000 fraud schemes, providing sophisticated detection capabilities.
What's particularly noteworthy is the integration with CGI's Momentum solution, which already has significant market penetration across more than 180 federal organizations spanning all three branches of government. This established presence creates a natural pathway for adoption of the new platform.
The solution aligns with broader federal initiatives, including Treasury's Financial Management Capability Framework and the Federal Integrated Business Framework, positioning it as complementary to existing government financial management standards and processes.
CGI enhances revenue potential by launching AI-powered fraud prevention platform that leverages existing client relationships and addresses government priorities.
CGI's new Fraud, Waste and Abuse Prevention Platform represents a value-added extension to their existing federal service portfolio. By integrating this platform with their established Momentum solution—already deployed across 180+ federal organizations—CGI creates an immediate upsell opportunity within their substantial installed base.
The strategic partnership with TrackLight for AI capabilities and AWS for secure infrastructure demonstrates CGI's ability to assemble best-in-class technology components to address complex government challenges. This approach allows CGI to enhance their proprietary Momentum platform with specialized capabilities without developing all components in-house.
From a business perspective, the platform aligns with increased government focus on payment integrity and fraud prevention, addressing a persistent challenge for federal agencies. The preventative approach—identifying issues before payments occur—addresses a high-value problem for federal financial managers.
While the immediate revenue impact is not specified, this launch strengthens CGI's competitive positioning in the federal market by expanding their solution suite within an established client base, creating potential for both increased customer retention and expanded service engagements.
CGI's FWA Prevention Platform continuously monitors transactions through advanced fraud analytics, applying predictive models trained on a comprehensive library of more than 3,000 fraud schemes. This process allows federal agencies to identify and prevent potentially fraudulent activity at the earliest stage. TrackLight's AI-driven technology and extensive open-source intelligence records serve as a key foundation for these capabilities, while AWS provides the secure, scalable infrastructure necessary to support mission-critical applications in the federal government.
"CGI is committed to supporting the administration's objective to prevent fraud, waste and abuse across the federal government through our innovative solution," said Stephanie Mango, CGI Federal President. "These capabilities not only reduce financial loss, but also help agencies enhance public trust, support regulatory compliance and improve mission outcomes and service delivery."
CGI's Momentum solution is an industry-leading budget, financial and acquisition management system, purpose-built for the federal government and utilized by more than 180 federal government organizations across all three branches of government. As a trusted solution, Momentum balances standardization with flexibility, enabling agencies to meet federal mandates with speed and agility. It complies with the Treasury's Financial Management Capability Framework (FMCF), including functionality defined by the Federal Integrated Business Framework (FIBF) for Financial Management, and has been available on the
About CGI Federal
CGI Federal Inc. (CGI), a wholly owned
About TrackLight
TrackLight provides AI-powered fraud detection and prevention solutions. Our mission is to create a safer, more transparent world by empowering organizations to proactively detect and prevent fraud. The TrackLight suite includes Due Diligence, Social Network Analysis, Fraud Analytics, and Investigative Large Language Models (LLMs). TrackLight users benefit from reviews of over 1 billion open-source intelligence records, more than 3,000 fraud schemes, and dozens of expert-trained LLMs. For more information, visit tracklight.ai.
View original content:https://www.prnewswire.com/news-releases/cgi-launches-fraud-waste-and-abuse-prevention-platform-to-support-us-federal-government-agencies-302438703.html
SOURCE CGI Federal, Inc.
FAQ
What is CGI's new FWA Prevention Platform and how does it benefit federal agencies?
How many federal organizations currently use CGI's Momentum system (GIB)?
What technology partnerships support CGI's new fraud prevention platform?
When did CGI's Momentum solution become available on the Treasury's FM QSMO?
