CGI (NYSE: GIB) (TSX: GIB.A) today announced the company has successfully integrated Ripple’s distributed financial technology into the CGI portfolio of payments solutions to assist in the digital transformation of its clients. CGI financial services clients will realize the benefits of instant international settlements such as greater cost-efficiency, agility and speed to market. Specifically, financial services companies using CGI’s Ripple-enabled Intelligent Gateway can use their existing payments hub to access new protocols and services, and connect with multiple payment networks and clearing channels, including the Ripple network ecosystem.

CGI’s Intelligent Gateway is one of the first payments solutions in the industry to integrate Ripple’s distributed financial technology and provides a solution-agnostic, transformational wrapper around a client’s payment processing systems. It allows participants in the Ripple network to directly transact with each other without the need for a central counterparty or correspondent. This includes real-time payments of any value, in any currency, to anyone, at any time and from anywhere in the world. Benefits also include end-to-end visibility and certainty, increased cost effectiveness and real-time insight into liquidity positions. These benefits are easy to realize when a financial services company implements Intelligent Gateway in front of its existing payment hubs to bridge the transformation gap between disparate systems while still leveraging the existing payment ecosystem and formats.

“Enabling our financial services clients to benefit from innovation such as distributed financial technology is important to CGI,” said Jeff Miller, Vice-President, Financial Solutions Group, CGI. “By partnering with Ripple, we’re helping clients further unlock the value of their existing investments and future proof them. The integration with Ripple is the first of more to come in our efforts to deliver practical innovation to clients. We expect distributed financial technologies to continue to mature and add value to solutions beyond our payments portfolio including trade and collections.”

CGI is a recognized IT leader in the financial services industry serving clients across 5 continents, including 23 of the top 25 banks in the Americas and 21 of the top 25 banks in Europe.

About CGI
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 65,000 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. With annual revenue in excess of C$10 billion and an order backlog exceeding C$20 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website: www.cgi.com.
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