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Ripple Partner CGI Teams up with Bank of Montreal and National Bank of Canada

u.today 19 October 2021 14:07, UTC
Reading time: ~2 m

According to the press-release, Ripple partner public company CGI has partnered with two major banks of Canada – the Bank of Montreal, as well as the National Bank of Canada, to help them accelerate their digital transformation via the CGI Trade360 transaction flow.

That includes automating the flows of paper documentation, improving trade finance operations. In collaboration with its tech partner Conpend, CGI has improved the efficiency of CGI Trade360 and made processes related to trade and finance more effective in the past. Conpend’s solution is based on the use of AI.

In the Bank of Montreal, they believe that partnership with CGI will help it turn into a digitized Global Trade Finance business.

The Bank of Canada reckons that the Ripple partner CGI will help them to produce their digital solutions for their financial trade activities better and faster.

Ripple and CGI have been in a partnership since 2015.

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