Australia and New Zealand Banking Group, one of the major banks in the Asia-Pacific region, has decided to extend its use of the CGI Trade360 global trade finance Software as a Services (SaaS) platform. The contract has a duration of seven and half years.
To help banks manage their global trade business, CGI has developed an integrated IT offering that facilitates both client interactions (e.g. account management, cash management) as well as internal operations (e.g. internal processes, supply chain). The offering, which is delivered through a Software as a Services (SaaS) platform, provides corporate clients with the applications, infrastructure and support needed to operate.
Australia and New Zealand Banking Group (ANZ) started to use Trade360 is 2001, and currently operates the system in 28 countries. According to CGI, the state-of-the-art system has over the past 10+ years enabled the bank to realise a 50% improvement in operational efficiency and a 30% increase in transaction throughput, with the same number of staff. Based on these positive results, ANZ has not surprisingly decided to extend the partnership with the global IT services company.
“The CGI Trade360 platform has been essential to ANZ’s global expansion and supporting our growth into a super-regional bank. It is the one platform we use across our trade business globally in 28 countries,” says Wayne Jobson, Global Head of Trade & Supply Chain Platforms at ANZ. “With CGI Trade360, we can give every customer the ANZ experience wherever they bank with us. It allows us to deliver consistency to our customers, leverage global synergies and seamlessly expand our footprint.”
Frank Tezzi, Vice President and Head of Trade & Supply Chain Finance at CGI adds, “We are delighted to continue our long-term partnership with ANZ. Their decision to extend the use of CGI Trade360 demonstrates confidence in our ability to deliver a premier, global trade platform to help ANZ compete successfully in the evolving trade marketplace.”