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

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Tue, 10/19/2021 - 13:46
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Yuri Molchan
CGI enters into a partnership with major Canadian banks in a pilot project to help them accelerate their digitization
Ripple Partner CGI Teams up with Bank of Montreal and National Bank of Canada
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According to a press release, Ripple partner public company CGI has partnered with two major Canadian banks, the Bank of Montreal and the National Bank of Canada, to help them accelerate their digital transformation via CGI Trade360 transaction flow.

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

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

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

Ripple and CGI have been in a partnership since 2015.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.