Bladex Partners with CGI to Implement CGI Trade360 in Latin America
CGI (TSX: GIB.A) (NYSE: GIB), a leading independent IT and business consulting services firm, and Bladex (NYSE: BLX), Banco Latinoamericano de Comercio Exterior, have announced a partnership to implement the CGI Trade360® trade technology platform.
Bladex will be the first bank headquartered in Latin America to adopt the CGI Trade360® platform, an award-winning SaaS solution used by global banks to support trade finance in over 85 countries across Asia, Europe, North America, and Oceania.
Jorge Salas, CEO of Bladex, stated, “At Bladex, we are committed to remaining at the technological forefront. We value our partnership with CGI and the upcoming implementation of this powerful technology platform, which will enable us to accelerate the deployment of digital solutions, marking a significant milestone in our ongoing service improvement strategy. This aligns with our goal to be a benchmark bank in trade finance solutions in Latin America.”
The implementation of CGI Trade360® at Bladex, supported by CGI’s U.S. and global delivery teams, will provide the infrastructure and support needed to enhance the bank’s regional and global trade business, optimize letter of credit processing, and significantly improve working capital solutions, security, and operational transparency. The platform will enable Bladex’s corporate clients to manage their financial needs swiftly and accurately on a unified, integrated, and global platform.
“We look forward to our new partnership with Bladex, a bank with over 40 years of recognized experience in the region’s trade finance,” 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 delivering the capabilities required to achieve its business objectives.”
Mauricio Quintana, Senior Vice President of Trade Services Products at Bladex, added, “We continue to innovate in our commitment to offer an excellent user experience through a world-class platform that is easily accessible, integrates essential information in real-time, and combines the latest commercial solutions.”
CGI Trade360® supports more than 50 products in areas such as traditional trade, payables, receivables, cash management, and more. It provides a robust digital experience for bank clients, suppliers, and trade operations teams, enabling banks to scale their trade business globally and regionally with consistency and confidence.