back Back

Barclays teams up with CGI to introduce new trade finance platform

By Megha Bhattacharya

November 25, 2020

  • Barclay
  • UK
Share

barclaysBarclays Corporate Banking recently announced that it has teamed up with CGI for implementing the CGI Trade360 platform in a bid to offer an end-to-end global trade finance solution for Barclays clients in the UK and around the world.

James Binns, Global Head of Trade & Working Capital at Barclays, said, “We are delighted to announce our move to the CGI Trade360 platform and to have started the implementation process. We have a longstanding partnership with CGI, and the CGI Trade360 platform will mean we can continue delivering the best possible trade solutions and service to our clients for many years to come.”

According to Barclays, the CGI Trade360 platform will provide clients with connectivity and visibility into their supply chains, enable them to optimise working capital efficiency, funding and risk mitigation.

Recently, Barclays Business Banking announced a partnership with specialist asset finance provider, Propel in a bid to offer equipment and vehicle finance via an online platform to one million of their small and medium-sized (SME) customers. The Bank’s network of relationship managers will connect directly to Propel’s online portal, Propeller, thus allowing businesses to make equipment purchases up to £2 million.

Neil Sadler, Senior Vice President, UK Financial Services, at CGI, said, “Having worked closely with Barclays for the last 30 years, we knew we were in an excellent position to enhance their systems. Not only do we have a history with them and understand how they work, but part of the CGI Trade360 solution includes a proof of concept phase, which is essentially seven weeks of meetings and workshops with employees across the globe to guarantee the product’s efficiency and answer all queries. We’re delighted that Barclays chose to continue working with us and look forward to supporting them over the coming years.”

Previous Article

November 25, 2020

Hippo raises $350 mn capital investment from Japan’s Mitsui Sumitomo

Read More
Next Article

November 25, 2020

Mastercard introduces contactless payment on SBI Card App

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Barclay

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Jifiti launches ‘Tap Now, Pay Later’ to enable banks to deploy loans with ease

Read More

Today

NatWest launches its banking app on Apple Vision Pro

Read More

Today

Mashreq forges strategic partnership with Profinch for global expansion

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024