Fintech
Bladex Selects CGI as Partner for Trade Finance Business Evolution, Enabled by CGI Trade360® Global Technology Platform
Computer graphics (TSX: GIB.A) (NYSE: GIB), one of the world’s largest independent business and information technology consulting firms, and Lamax (NYSE: BLX), Banco Latinoamericano de Comercio Exterior, announced an agreement to implement 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 used by global banks to support trade finance in more than 85 countries across Asia, Europe, North America and Oceania.
Jorge Salas, CEO of Bladex, he stressed that “At Bladex, we are committed to staying at the forefront of technology. We appreciate the partnership with CGI and the future implementation of this powerful technology platform that will allow us to accelerate the implementation of digital solutions that are an important milestone in our strategy of continuous service improvement. In this way, we advance in our strategy as a reference bank in commercial finance solutions in Latin America.”
The implementation of CGI360 Trade® at Bladex, delivered by CGI’s U.S. and global distribution teams, will provide the infrastructure and support needed to enhance the bank’s regional and global commercial business, streamline letter of credit processing, and significantly improve working capital solutions, as well as operational security and transparency. The platform will enable Bladex’s corporate clients to manage their financial needs quickly and accurately on a unified, integrated, global platform.
“We look forward to our new partnership with Bladex, a bank with over 40 years of recognized experience in trade finance in the region,” She 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 providing the capabilities needed to achieve its business goals.”
Mauricio Quintana, Senior Vice President of Commercial Services Products at Bladex, added “We continue to innovate in our commitment to deliver an excellent user experience through an easily accessible, world-class platform that integrates essential real-time information, combined with the latest business solutions.”
CGI Trade360® supports over 50 products in traditional trade, payments, credit, cash management and more. It provides a powerful digital experience for bank customers, suppliers and trade operations teams, while giving banks the ability to scale their trading business, both globally and regionally, with consistency and confidence.