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CGI ranked among best in financial services industry
Nov 08, 2007 (08:11 AM EST)
MONTREAL, Nov. 8 /PRNewswire-FirstCall/ - American Banker Magazine and the research firm Financial Insights have announced that CGI Group, Inc., has been ranked 15th as part of the annual FinTech 100.
The FinTech 100 is a collaboration of American Banker and Financial Insights, an IDC Company. This ranking is categorized and evaluated based on fiscal year end revenues and the percentage of revenues attributed to financial services. Data is gathered from surveys completed by vendors, as well as original research and market analysis conducted by Financial Insights. All application categories specific to banking functions are included in this list such as core processing, branch, teller, ATM, credit card, mortgage origination, online banking, collections, cash management, trade finance, treasury services and funds transfer.
"At CGI we pride ourselves on providing our clients with state-of-the-art solutions and services, and we are constantly looking for ways to help them thrive in their business environments." noted Michael E. Roach, President and Chief Executive Officer, CGI. "The fact that we have once again been included in the FinTech 100 is clear proof that not only are we meeting our clients needs, but that we have clearly established ourselves as an industry leader."
CGI is a major provider of IT and business process services to financial institutions around the world including nine of the top ten U.S. banks and seven of the top twenty banks in the world. CGI banking-focused solutions include core banking, end-to-end wealth management, trade finance, business intelligence/data warehousing and customer relationship management. CGI solutions process one-third of all U.S. credit bureau requests and more than $130 billion are moved every day over the fund transfer systems that it supports. CGI provides retail banking, transaction processing and payroll services to more than 2,300 banking institutions worldwide.
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 employ approximately 26,000 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 annual revenue run rate stands at CDN$3.7 billion and at June 30th, 2007, CGI's order backlog was CDN$12.4 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices. Website: www.cgi.com .
CONTACT: Lorne Gorber, Vice-President, Global Communications and InvestorRelations, (514) 841-3355