CGI to provide SaaS solution for Scotiabank

- Thursday, August 11, 2011

CGI to provide SaaS solution for Scotiabank

Canadian IT and business process provider CGI Group (NYSE: GIB) has signed a seven-year agreement with Scotiabank (NYSE: BNS) for a global rollout of cloud-based customizable SaaS solution, the former said in a statement.

The solution, CGI Trade360, will replace multiple legacy trade and supply chain applications at Scotiabank with a single, integrated platform to enhance service to clients, reduce costs and provide visibility into its North American, Latin American, Caribbean and Asian operations.

The idea is to move toward a common global trade finance platform, allowing the bank to deliver a range of trade finance and supply chain products to clients, said Alberta Cefis, executive VP and head of global transaction banking at Scotiabank.

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