PANAMA
CITY, July 18, 2024 /PRNewswire/ -- Bladex -
Banco Latinoamericano de Comercio Exterior (NYSE: BLX) and CGI
(TSX: GIB.A) (NYSE: GIB), one of the world's largest independent
business and IT consulting firms, announced an agreement for the
implementation of the CGI Trade360 trade technology platform.
Bladex will become the first bank headquartered in Latin America to implement the CGI Trade360
platform, an award-winning software-as-a-service (SaaS) platform
utilized by global banks to support trade finance in over 85
countries across Asia,
Europe, North America, and Oceanias.
Jorge Salas, Chief Executive
Officer of Bladex, emphasized that "At Bladex, we are
committed to staying at the technological forefront to continue
being a reference in the region.
"We appreciate the partnership with CGI and the future
implementation of this powerful technology platform that will allow
us to accelerate the deployment of digital solutions which
constitutes an important milestone in our continuous service
improvement strategy. In this way, we advance in our strategy as a
benchmark bank in trade finance solutions in Latin America."
The implementation of CGI Trade360 at Bladex, delivered by CGI's
U.S. and global delivery teams, will provide the infrastructure and
support needed to improve the bank's regional and global trade
business, optimize letter of credit processing, and significantly
enhance working capital solutions as well as security and
operational transparency. This will enable Bladex's corporate
clients to manage their financial needs swiftly and accurately on a
unified, integrated, and global platform.
"We look forward to our new partnership with Bladex, a bank with
over 40 years of recognized experience in the region's trade
finance," said Frank Tezzi,
Vice-President, Consulting Services, Trade and Supply Chain
Solutions at CGI. "With the implementation of CGI Trade360, Bladex
joins the ranks of leading global banks leveraging our technology.
Together, we are advancing Bladex's growth strategy and delivering
the capabilities required to achieve its business objectives."
Mauricio Quintana, Senior Vice
President of Trade Services Products at Bladex, added, "We continue
to innovate in our commitment to offer an excellent user experience
through a world-class platform that is easily accessible,
integrates essential information in real-time, combined with the
latest trade finance solutions."
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 Bladex.
Bladex is one of the banking industry's references in foreign
trade in Latin America and the
Caribbean. Headquartered in
Panama, Bladex is a multinational
bank with a presence in several countries in Latin America and the Caribbean. Founded in 1979 to promote foreign
trade financing and economic integration in the region, Bladex has
been listed on the New York Stock Exchange for over three decades
and the Mexican Stock Exchange for over 10 years. This presence has
allowed Bladex to attract shareholders from central banks and state
entities in 23 Latin American countries, as well as commercial
banks, financial institutions, institutional investors, and
individuals.
Bladex also has representative offices in Mexico, Argentina, Brazil, Colombia, and the
United States of America, as well as a representative
license in Peru, to support
regional development and meet the needs of its diverse client base,
which includes financial institutions and corporations.
About CGI
Founded in 1976, CGI is among the largest independent IT and
business consulting services firms in the world. With 90,000
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 2023
reported revenue is (CA)$14.30
billion and CGI shares are listed on the TSX (GIB.A) and the
NYSE (GIB).
For further information, please contact:
Bladex:
Mauricio Quintana - Senior Vice
President of Trade Services Products
E-mail address:
mquintana@bladex.com
Head Office Address: Torre V, Business Park, Ave. La Rotonda,
Urb. Costa del Este, Panama,
Republic of Panama
www.bladex.com
CGI:
Steve Bosic
stephen.bosic@cgi.com
www.cgi.com
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SOURCE Banco Latinoamericano de Comercio Exterior, S.A.
(Bladex)
