Stock Market Symbols
GIB (NYSE)
GIB.A (TSX)
www.cgi.com/newsroom
FAIRFAX, VA, Oct. 13, 2015 /CNW Telbec/ - CGI (NYSE: GIB)
(TSX: GIB.A) today announced a new teaming agreement with
San Francisco-based Ripple to
bring innovative distributed financial technology capabilities to
the CGI payments solutions portfolio.
CGI is at the forefront of payments modernization and offers
extensive payments solutions in such areas as payments hubs,
financial messaging, liquidity management and watch list filtering.
The intent of the teaming agreement is to add complementary
functionality to the CGI payments solutions portfolio by
integrating Ripple's distributed financial technologies.
"We're excited to team with CGI, a company that's worked with
top banks and central banks globally to drive innovation in banking
for decades," said Ripple CEO and co-founder Chris Larsen. "Together, we will provide banks
with new infrastructure to settle cross-border and domestic
transactions instantly, with complete end-to-end visibility and
certainty, and at the lowest total cost possible. We're excited for
this next chapter in banking, which we think gives way to an
Internet of Value in which value will move like information moves
on the web today."
"We are delighted to reach this agreement with Ripple and enter
into the discovery phase with them," said Jeff Miller, Vice-President, Financial Solutions
Group, CGI. "We look forward to working with Ripple to develop an
integrated distributed financial technology solution offering that
complements our current global payments solutions
portfolio."
CGI is a recognized IT leader in the financial services
industry, with more than 16,000 finance professionals working with
clients across 5 continents, including 23 of the top 25 banks in
the Americas and 21 of the top 25 banks in Europe.
About CGI
Founded in 1976, CGI Group Inc. is the fifth largest independent
information technology and business process services firm in the
world. Approximately 68,000 professionals serve thousands of global
clients from offices and delivery centers across the Americas,
Europe and Asia Pacific, leveraging a comprehensive
portfolio of services including high-end business and IT
consulting, systems integration, application development and
maintenance, infrastructure management as well as a wide range of
proprietary solutions. With annual revenue in excess of
C$10 billion and an order backlog of
approximately C$20 billion, CGI
shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website:
www.cgi.com.
SOURCE CGI Group Inc.