Trade Finance Digitization

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CGI partners with Barclays to integrate multi-bank trade finance platform
Prnewswireยท 2025-09-29 10:30
Core Insights - CGI has partnered with Barclays to integrate CGI Trade360 with Komgo's Konsole, enhancing trade finance solutions for corporate clients [1][2][3] - The collaboration aims to provide increased transparency, faster transaction speeds, and reduced manual entry and operating risks [1][4] - This integration represents a significant advancement in Barclays' digital trade finance strategy, offering fully automated workflows for corporate clients [3][5] Company Overview - CGI is one of the largest independent IT and business consulting firms globally, with 93,000 professionals and a reported revenue of CA$14.68 billion for fiscal 2024 [7] - Barclays is a diversified bank with a strong presence in consumer, corporate, and investment banking, aiming to lead in global finance [8] - Komgo specializes in transforming the trade finance industry through innovative software solutions, serving over 10,000 enterprise users worldwide [9][10] Industry Impact - The partnership between CGI and Barclays is expected to set a new standard in trade finance digitization, meeting the demands of multinational corporations for real-time, digital-first solutions [4][5] - The integration of CGI Trade360 with Komgo's multi-bank network is designed to streamline trade finance workflows, enhancing operational efficiency for banks and corporates [5][6]