FinTech

CGI (GIB) Launches Its Payments Platform on AWS to Modernize Financial Transactions

Published November 30, 2023

CGI Inc. GIB, a global leader in IT and business consulting services, has announced the expansion of its payment solutions by launching the CGI All Payments platform on the Amazon Web Services AWS Marketplace. This strategic movement aims to provide companies with a seamless path towards payment modernization via a robust, cloud-enabled infrastructure.

Advancing Payment Technologies in the Cloud

Financial institutions are facing a transformative era where modernizing payment systems is crucial for enhancing customer experiences and maintaining a competitive edge. CGI's enterprise payment platform on AWS is poised to empower organizations by leveraging cloud computing's scalability, security, and reliability. The emergence of such advanced payment solutions is indicative of the fintech revolution, defining the future of financial transactions.

Impact on the Fintech Ecosystem

Leaders in technology and finance like Microsoft Corporation MSFT, Alphabet Inc. GOOG, and Nvidia Corporation NVDA, each contribute uniquely to the evolving fintech landscape. Microsoft's extensive suite of software products, including its role in cloud computing, complements innovative financial platforms, while Google's influence is seen in data analytics and artificial intelligence contributions. Moreover, Nvidia's prominence in GPU technology enhances the computational power behind these financial platforms. CGI's collaboration with AWS reflects the interconnectivity and reliance of cutting-edge IT service companies on cloud infrastructure giants, showcasing the synergy required to drive the sector forward.

Benefits to Stakeholders

By offering CGI All Payments on AWS, GIB is not only expanding its market reach but also catering to the immediate need for adaptable, secure, and efficient payment systems. Customers can expect reduced operational costs, enhanced risk management, and the ability to easily navigate the complex regulatory environment. The inclusion of such platforms on AWS Marketplace also simplifies procurement and deployment processes for users, aligning with the growing market demand for as-a-service models.

The Future of Payment Solutions

The move by GIB not only reflects CGI's dedication to financial innovation but also mirrors the broader industry shift towards cloud-based services. As traditional financial institutions and newcomers alike adopt cloud technology, they pave the way for a more dynamic, secure, and cost-effective financial ecosystem. With CGI's enterprise payments platform taking root in AWS's cloud, this marks a significant stride in the company's commitment to delivering modern payment solutions at a global scale to its clients.

CGI, AWS, Cloud