|By Business Wire||
|October 28, 2012 10:00 PM EDT||
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 $10.4 billion, with an estimated order backlog of approximately $17.7 billion, 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.