CGI partners with Barclays to integrate multi-bank trade finance platform
Rhea-AI Summary
CGI (NYSE: GIB) has announced a strategic partnership with Barclays to integrate CGI Trade360, its global trade finance solution, with Komgo's Konsole platform. The integration aims to enhance Barclays' trade finance capabilities by providing increased transparency, faster transactions, and reduced operational risk.
The collaboration will enable Barclays' corporate clients to access a fully digital trade finance experience through automated workflows between the Komgo platform and CGI Trade360. This integration represents a significant step in Barclays' digital transformation journey, connecting their corporate customers with seamless trade finance solutions while reducing manual processes.
Positive
- Integration will provide increased transparency and reduced operational risk for Barclays
- Automation of workflows will reduce manual entry requirements
- Enhanced digital experience for corporate clients
- Improved transaction processing speed
Negative
- None.
News Market Reaction
On the day this news was published, GIB gained 0.90%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Stock Market Symbols
GIB.A (TSX)
GIB (NYSE)
cgi.com/newsroom
Delivering seamless connectivity between banks and corporates through ecosystem collaboration
"Our corporate clients increasingly expect seamless, digital-first solutions for their global trade finance needs. By integrating Komgo with CGI Trade360, we will be providing our clients with a fully digital experience while simplifying operations processing. This is a crucial step in our ongoing commitment to digitalizing trade and providing faster, more efficient solutions," said Jaya Vohra, Managing Director, Global Head of Trade & Working Capital, Barclays.
This collaboration marks a significant step forward in Barclays' digital trade finance journey, providing customers with additional digital channels for financing. Barclays' corporate clients using the Komgo platform will now benefit from a fully automated workflow with CGI Trade360 for transactions that flow to the bank.
"CGI is dedicated to advancing the digitization of trade finance by acting as the bridge between institutions and innovative fintech networks, ensuring the industry, and our clients, can scale confidently," said Neil Sadler, Senior Vice-President, Banking and Financial Markets, CGI in the
By connecting Komgo's multi-bank network with CGI's processing capabilities, Barclays is helping to set a new standard in trade finance digitization, reducing manual processes and meeting the expectations of large multinational corporates that increasingly demand real-time, digital-first solutions.
"The integration of Konsole and CGI Trade360 at Barclays demonstrates how combining our multi-bank network with CGI's robust processing capabilities delivers real value to both banks and corporates. Together, we are enabling faster, more secure, and fully digital trade finance workflows — a concrete step towards the truly connected ecosystem that global corporates expect," said Michael Mandell, Managing Director,
About CGI Trade360
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. Learn more at cgi.com/cgitrade360.
About CGI
Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 93,000 consultants and 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. CGI Fiscal 2024 reported revenue is CA
About Barclays
Our vision is to be the
About Komgo
Komgo is the leading software development and technology services company transforming the trade finance industry. Our innovative solutions empower Treasury, Credit, and Trade Finance teams, streamlining communications and strengthening operational capacity for over 10,000 enterprise users worldwide. From our Swiss roots we've expanded to key international locations including
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SOURCE CGI Inc.