CGI Unveils First Solution in Enterprise Credit Series.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- CGI Group CGI Group Inc. (TSX: GIB.A, NYSE: GIB) is a Canadian-based information technology (IT) management and business process services (BPS) company. Founded in 1976 as Conseillers en Gestion et Informatique Inc. (CGI CGI in full Common Gateway Interface. Specification by which a Web server passes data between itself and an application program. Typically, a Web user will make a request of the Web server, which in turn passes the request to a CGI application program. ) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :GIB See NIST binary. .A) (NYSE NYSE See: New York Stock Exchange :GIB) today unveils Enterprise Originations[R], the first solution in its Enterprise Credit series. With Enterprise Credit, CGI is paving the way to transform banking, helping organizations to accelerate innovation and lower the total cost of ownership for key retail banking functions. CGI will introduce Enterprise Originations solution at BAI's Retail Delivery Conference and Expo (November 14th to 17th). In this fast changing environment, the legacy origination systems that created efficiencies in the past are inhibiting many organizations' growth today. Enterprise Originations empowers organizations to recognize sales and cross sales opportunities, enhance the borrower's new account experience, and adapt to rapidly changing market needs. "Facing dynamic challenges, the consumer lending Consumer lending or consumer loans refers to any type of loan product that is not a mortgage; such as a car, boat, manufactured home, home equity loan, home equity line of credit, signature loan, signature line of credit, recreational vehicle, or Certificate of Deposit loans. market must remain nimble and prepare for the changing world," said Bobbie Britting, Senior Analyst, Consumer Lending at TowerGroup. "While no one strategy or tactic is right for every lender or even enough, rationalization of back office processing systems, transforming legacy IT platforms, and eliminating redundant systems are all critical elements for success in 2007 and beyond." Enterprise Originations supports the full spectrum of new account originations for consumer and business products, regardless of the distribution channel. By originating all products through Enterprise Originations, financial institutions can significantly reduce maintenance costs and gain advantage in the highly competitive account originations market. In addition, Enterprise Originations' customer-centric design lets organizations view customers through a single prism, not as a compilation of "product offerings." As a result, organizations can review a customers' overall portfolio and proactively recommend a product, or mix of products, that best meet individual customer needs. The technological foundation of Enterprise Originations is its Service-Oriented Architecture (SOA (1) (Start Of Authority) The first record in a DNS zone file. See DNS records. (2) (Service Oriented Architecture) The modularization of business functions for greater flexibility and reusability. ), which enables business agility, improved customer service, consistent decisioning, and unprecedented reductions in operating and maintenance costs through the reuse of services, applications and technologies. "For the financial industry, CGI has a clear vision: We help our customers achieve growth and competitive advantage by replacing legacy technologies with highly flexible platforms that reinvigorate their business," said Jame Cofran, Senior Vice-President, US Banking and Investment Strategy, CGI. "It's a constant challenge for financial institutions to keep pace with the accelerating rate of change driven by competition, economics, regulations, and industry trends. With CGI, they have a committed partner to help them adapt swiftly, decisively and cost-effectively." About CGI Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. employ approximately 24,500 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in North America, Europe and India. CGI's fiscal 2006 revenue was $3.5 billion (US$3.1 billion) and at September 30, 2006, CGI's order backlog was $12.7 billion (US$11.3 billion). CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index Composite Index A grouping of equities, indexes or other factors combined in a standardized way, providing a useful statistical measure of overall market or sector performance over time. Also known simply as a "composite". as well as the S&P/TSX Capped Information Technology and MidCap Indices. Website: www.cgi.com. |
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