Revolutionizing Trade Finance: Bladex Partners with CGI to Implement Cutting-Edge Technology

In a groundbreaking move, CGI (TSX: GIB.A) (NYSE: GIB), one of the world's largest independent IT and business consulting services firms, has announced a strategic partnership with Bladex (NYSE: BLX), Banco Latinoamericano de Comercio Exterior, to implement the CGI Trade360® trade technology platform. This partnership marks a significant milestone in Bladex's commitment to staying at the forefront of technological innovation, as it becomes the first bank headquartered in Latin America to adopt this award-winning software-as-a-service (SaaS) platform.

Empowering Latin American Trade Finance with Cutting-Edge Technology

Revolutionizing Trade Finance Operations

The implementation of CGI Trade360® at Bladex, delivered by CGI's U.S. and global delivery teams, will provide the bank with the infrastructure and support needed to significantly enhance its regional and global trade business. The platform will optimize letter of credit processing, improve working capital solutions, and enhance security and operational transparency. This transformative technology will enable Bladex's corporate clients to manage their financial needs swiftly and accurately on a unified, integrated, and global platform.

Driving Bladex's Growth Strategy

"We look forward to our new partnership with Bladex, a bank with over 40 years of recognized experience in the region's trade finance," said Frank Tezzi, Vice-President, Consulting Services, Trade and Supply Chain Solutions at CGI. "With the implementation of CGI Trade360®, Bladex joins the ranks of leading global banks leveraging our technology. Together, we are advancing Bladex's growth strategy and delivering the capabilities required to achieve its business objectives."

Enhancing the User Experience

Mauricio Quintana, Senior Vice President of Trade Services Products at Bladex, emphasized the bank's commitment to innovation and delivering an excellent user experience. "We continue to innovate in our commitment to offer an excellent user experience through a world-class platform that is easily accessible, integrates essential information in real-time, combined with the latest commercial solutions."

Powering Global Trade Finance Solutions

CGI Trade360® supports more than 50 products in the areas of traditional trade, payables, receivables, cash management, and others. It delivers a powerful digital experience for bank clients, suppliers, and trade operations teams, while giving banks the ability to scale their trade business, both globally and regionally, with consistency and confidence.

Embracing the Future of Trade Finance

Jorge Salas, Chief Executive Officer of Bladex, underscored the bank's dedication to staying at the technological forefront. "We appreciate the partnership with CGI and the future implementation of this powerful technology platform that will allow us to accelerate the deployment of digital solutions which constitutes an important milestone in our continuous service improvement strategy. In this way, we advance in our strategy as a benchmark bank in trade finance solutions in Latin America."This groundbreaking partnership between CGI and Bladex represents a significant step forward in the evolution of trade finance, empowering Latin American businesses with cutting-edge technology and a seamless user experience. As Bladex embraces the future of trade finance, this collaboration promises to drive innovation, efficiency, and growth in the region's economic landscape.