CGI Inc Stock Price, News & Analysis

CGI (NYSE: GIB) and Aktia have formed a strategic partnership to enhance Aktia's banking IT services, valued at approximately 50 MEUR (75 MCAD). CGI will manage the development and maintenance of 150 critical applications, aiming to improve customer experience and support product development. The collaboration will bolster Aktia's operational efficiency and regulatory compliance. This partnership marks a significant move in the competitive Nordic banking landscape, with CGI leveraging its global expertise to support Aktia's digital transformation.

CGI and Aktia have announced a strategic partnership to enhance banking IT services, valued at approximately 50 MEUR (75 MCAD). This collaboration will focus on the development and maintenance of 150 key applications, aiming to improve customer experience and competitive edge in the finance sector. The partnership, starting as a joint venture before 2023, emphasizes operational efficiencies and innovative banking services. CGI's extensive expertise in digitization will support Aktia's modernization efforts and regulatory compliance, while over 50 Aktia experts will join CGI's team.

HSBC has introduced HSBC Trade Solutions (HTS) in its primary markets, the UK and Hong Kong, to streamline trade finance processes. This digital platform, developed with CGI (NYSE: GIB), enhances client experience through intuitive interfaces and automation. HTS supports USD800bn of global trade annually and integrates advanced risk management tools. Currently operational in the UK and Hong Kong, HTS will expand to more markets. The platform marks a significant evolution in HSBC's trade finance offerings, aligning with ongoing technological and ESG advancements.

On September 28, 2022, George D. Schindler, President and CEO of CGI (TSX: GIB.A, NYSE: GIB), will participate in a keynote interview at the Bloomberg Canadian Finance Conference in Montréal. He will discuss the evolving digitization landscape and how businesses are leveraging technology amidst global changes. The interview will commence at 11:55 am EDT and be streamed live on Bloomberg Live, with a replay available on CGI's website. CGI, established in 1976, is a leading global IT and business consulting firm, reporting revenues of $12.13 billion for Fiscal 2021.

CGI and UiPath Enhance Partnership to support enterprise automation initiatives through a new offering called CGI Accel360. This managed service model allows clients to onboard automation quickly, alleviating upfront costs and ensuring easier integration. CGI utilizes its industry expertise alongside UiPath's Business Automation Platform to drive success in digitization. Both companies are investing in training resources to enhance the impact of automation initiatives. This partnership aims to transform operations and improve customer experiences.

CGI Federal has launched the Sunflower Work Management platform, enhancing project visibility and asset management for federal agencies. This cloud-based solution is designed to manage customizable work processes for asset maintenance and aligns with international asset management standards (ISO 55000). John B. Owens II, Senior VP at CGI Federal, expressed excitement for this product, which aims to ensure efficient management of complex business processes. CGI reported a fiscal 2021 revenue of $12.13 billion, with shares listed as GIB on NYSE and GIB.A on TSX.