CGI Secures Foothold in Thailand with Siam Commercial Bank Signing
LAPS enables bank to cope with high volume, low value payments
BANGKOK -- October 29, 2012
CGI Group Inc. (TSX: GIB.A) (NYSE: GIB), a leading provider of information
technology and business process services, announced today that Siam Commercial
Bank (SCB: Thailand) has selected Logica All Payments Solution (LAPS) to
deliver a centralised hub for low value payments. Thailand’s first bank will
benefit from a flexible and modern solution that will reduce operating costs
and remove inefficient legacy systems.
“As part of our Change Programme – to be the bank of choice for our customers,
shareholders, employees and the community - we evaluated all of the technology
that was central to our organization,” said Parnkae Nandavisai, First
Executive Vice President, Siam Commercial Bank. “CGI’s expertise in the [low
value] payments space, coupled with its outstanding references, cemented our
decision to choose LAPS after we reviewed the top solutions in the market.”
SCB is capitalising on first mover advantage by restructuring its existing
operations to increase efficiency and flexibility. With LAPS, the bank will be
able to increase automation levels, enabling real-time and more streamlined
payments processing to improve service levels and drive down costs.
“Banks shouldn’t settle for a one-size fits all approach when it comes to
managing payments and improving customer relations,” said Richard Davies,
Director, Asia-Pacific, CGI. “SCB needed a fit for purpose, tailored solution
to cope with current and increasing payments volumes. With LAPS, SCB will
support both their current and future clients, through delivering outstanding
products and services.”
About Siam Commercial Bank
The Siam Commercial Bank PCL was Thailand's first indigenous bank, established
in 1906 under Royal Charter. The bank had largest market capitalization among
Thai financial institutions as of June 30, 2012. It also has largest branch
network (1,112), exchange booths (106), and ATMs (8,592).
The Bank provides a full range of financial services to the whole clientele
including a diverse range of corporates, SMEs, and retail customers
nationwide. The bank’s total asset was THB2,027bil. As at June 30, 2012.
To learn more about SCB, visit: www.scb.co.th
Founded in 1976, CGI Group Inc. is the sixth largest independent information
technology and business process services firm in the world. With approximately
72,000 professionals located in offices and global delivery centers in the
Americas, Europe and Asia Pacific, CGI offers a comprehensive portfolio of
services including high-end business and IT consulting, systems integration,
application development and maintenance, infrastructure management as well as
more than 100 proprietary solutions. Further to the recent completion of the
Logica acquisition, CGI’s annualized revenue is approximately $10.4billion,
with an estimated order backlogof approximately $17.7billion, CGI’s shares
are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the
FTSE4Good Index. Website: www.cgi.com.
Senior Vice-President, Global Communications and
Metia for Logica, now part of CGI
Tel: +44 (0)20 3100 3560
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