Trade finance news

Comerica Bank selects CGI's Proponix360

Last Updated February 04, 2010

Comerica Bank will implement CGI’s Proponix360 global trade platform software to help the bank reduce costs and enhance customer service.

The announcement of the five-year partnership was made by the CGI Group – a leading provider of information technology and business process services.

Comerica has been looking for a cost-effective solution to replace its traditional legacy, trade-focused systems, while meeting its ongoing business and technology objectives in a changing market.

CGI’s Proponix360, a web-based customisable ‘Software as a Service’, delivers a single integrated global platform that provides end-to-end applications addressing traditional trade, open account, supply chain and cash management functions.

“With a more than 20 year partnership, CGI is uniquely positioned to help Comerica address their global trade services processing needs with Proponix360,” says Steven Starace, vice-president at CGI. “CGI’s strong trade and supply chain services and reputation as a global managed services provider help position the bank to gain a competitive advantage in the market."



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