CGI (TSX: GIB.A) (NYSE: GIB) and Westoba Credit Union, Ltd. have entered into a seven-year contract for the implementation and management of CGI’s RFS™ Banking solution. RFS, a managed service core CGI banking offering, delivers multi-channel, integrated functionality to streamline and automate clients' end-to-end banking processes.
RFS will service Westoba’s primary banking activities with its members, as well as support its partners by providing electronic and mobile access to their accounts. The solution is currently used by more than 60 other credit unions, banks and trusts across Canada.
“RFS is a robust core banking platform proven to streamline operations, drive efficiencies and enhance member service,” said Jim Rediger, CEO of Westoba. “RFS combined with CGI’s core banking expertise will help evolve and position our business for long-term growth.”
“We are excited about the opportunity to work with such a recognized leader among Canadian credit unions,” noted Paul Mackley, vice president, services to credit unions, CGI. “CGI has a long track record of successful core banking implementation projects and a clear product evolution strategy for RFS. We are confident that our collaboration with Westoba will lead to significant improvements in its core banking operations.”
“We welcome Westoba as a CGI client as we continue to grow our credit union business in the Prairies.” says Jay MacIsaac, senior vice president, CGI.
A partner to more than 110 credit unions, banks and trusts, CGI supports approximately 3 million end customers. CGI's two core banking offerings, RFS™ and HORIZON™ Financial Suite, manage and improve all front- and back-office banking activities to drive performance and growth.