house 
Prizes Winner visions
Frank Tizi, Vice President for Financial Services CGI, Trade and Payments in Montreal-CGI consulting and commercial consulting service provider provides how saas can help banks meet the needs of future trade financing for customers.
Global Finance: Banks are scrambled to stay at the top of the advanced global trade financing market and meet the customer’s expanding needs. How important is software playing as a saas service?
Frank Tizi: Banks face complex winds in the current climate, including customer expectations and increased compliance, high information technology and operational costs, reduce budgets, and advanced product needs. By using the Saas app, they can achieve a long -term long -term cost structure, reduce public expenditures, and take advantage of collective developments in compliance and develop basic information technology. This allows banks to focus on allocating them in the market while ensuring their presence on modern platforms that meet the needs of future products.
GF: How do CGI deal with an advanced organizational scene in trade financing, including KNOW-CLIENT and Undi-Money (KYC/AML) requirements?
Tizi: The CGI’s subject expert team cooperates with our customer base to monitor the ongoing local and global organizational changes. As part of our continuous technology updates, we routinely add new capabilities based on customer needs and the required organizational updates. CGI is also involved in a wide range of Fintech partners to integrate the best capabilities into our current ecosystem, ensuring access to our customers in their commercial treatment.
GF: What is the effect of Basel III on trade financing and how banks adjust their risk management practices?
Tizi: Basel III continues to raise major challenges for World Trade Banks, where the final rules are settled. The cost of the growing capital is a great concern, leading to banks more selective in financing them. This means often giving priority to less dangerous customers, which unfortunately can expand the current trade financing gap for small to medium enterprises, especially in the most dangerous markets.
In response to these pressures, banks transfer their business models. Instead of carrying the assets on their books, they have increased and distributed. This reduces the continuous cost of capital, while also allowing more efficient risk to distribute.
Finally, there is a strong campaign towards greater efficiency across the banking system. To deal with increased cost of business, banks are looking for technology solutions that provide more automation and smooth integration. To realize this, banks must update their basic platforms to support future innovations and maintain competition.
GF: Your SAAS show, CGI Trade360, recently was successful harassment with Bank, NatWest, HSBC and Bladex. What are the main contributors to their success?
Tizi: CGI is unique in the market to deliver the consistent implementation of our customer base; This is achieved by taking advantage of the highly developed trade consultants. CGI Trade360 markets market for more than 24 years. It uses our implementation methodology, which is based on more than 40 years of market trading experience, and is warmed by our widespread governances, which ensure excellence in connecting to complex participation.
All this is supported by an application developed in close cooperation with our customer base to meet the extensive market needs. Finally, CGI looks at all connections as part of a comprehensive partnership with our customers, especially given the imprint of wide consulting in more than 500 financial institutions worldwide.
GF: How do you apply artificial intelligence within CGI Trade360 to enhance trade financing operations, and how important this is in the future?
Tizi: The state of use is clearer today again by automating the smart process. CGI cooperated with many partners, including Conpend’s Tradeai, to integrate these capabilities into our back office function. The data is automatically extracted from material documents and is uploaded to CGI Trade360, including the parties to compliance and contradictions against the basic treatment. All this is based on artificial intelligence solutions. This type of treatment is a necessary stop opening on the way to a broader to the end of the end. CGI committed to investing more than a billion dollars in artificial intelligence services and solutions over the next three years, which will have a widespread impact on CGI Trade360 capabilities.
