October 16, 2017
CGI addresses banks' instant payments challenes with new cloud-powered solutions
TORONTO--CGI says its BESS All Payments solutions and HotScan risk screening product suite are now available on Microsoft Azure. CGI's BESS All Payments global payment hub and engine solution is delivered as a modular and highly scalable technology. Its newest capability, Single Euro Payment Area (SEPA) Instant Payments offering, is benchmarked on Azure at speeds of up to 8,000 SEPA Instant Credit Transfer (SCT Inst) payments per second and is fully compliant with SEPA standards. BESS All Payments enables financial institutions around the world to transform their payments infrastructure as the payments landscape continues to evolve.
"With the upcoming payment advances in Europe and the U.S., banking customers expect to make and receive payments instantly," said Cheryl Gurz, Director of CGI's Payments Solutions. "As the volume of these transactions expands, banks need configurable, flexible payment solutions. Using CGI's BESS All Payments solution on the Microsoft Azure cloud, banks and financial institutions can meet their customers' service expectations, comply with regulatory mandates, and lower the cost of payment system ownership and service."
CGI's HotScan, an extension of CGI's payment platforms focused on watch list filtering, is also now available on Azure. HotScan continues to be a class-leading solution in the fight against financial crime. That heritage will carry forward into the cloud-based solution to help better prepare clients comply with today's expanding regulatory obligations. HotScan is installed in 30 countries and filters over 60% of the total value of currencies traded globally.
"We're thrilled CGI has selected Microsoft Azure to help drive innovation in payments technology and combat financial crime," said Janet Lewis, vice president of Worldwide Financial Services at Microsoft. "With Azure, CGI and its top tier banking customers will realize the scale, speed and economic benefits the cloud provides, underscored by Microsoft's investments in security, transparency and regulatory compliance."
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 70,000 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 150 IP-based services and solutions.