Driving innovation in the US banking sector
CGI, a leading global provider of IT and business consulting services, has announced the successful completion of
the certification process for the Federal Reserve Bank’s newest payment system, FedNow® Service. This achievement
positions CGI at the forefront of driving innovation in the US banking sector.
The FedNow Service is a new instant payment system that will enable financial institutions to provide their
customers with real-time payments, improving economic efficiency and enhancing access to funds. CGI’s completion of
the certification process demonstrates their commitment to delivering cutting-edge solutions to their clients.
“CGI is proud to have achieved the FedNow Service certification. This accomplishment highlights our expertise in
developing secure and efficient payment systems,” said John Doe, Executive Vice President of CGI’s Financial
Solutions Group.
– John Doe, Executive Vice President
With their extensive experience in the financial industry, CGI offers a wide range of services to help banks and
other financial institutions adapt to the evolving digital landscape. Their expertise spans from digital
transformations and cybersecurity to implementing innovative payment solutions.
The FedNow Service is scheduled for a phased launch starting from 2023, and its introduction is expected to have a
significant impact on the banking industry. The ability to process immediate payments will not only improve
customers’ payment experiences but also enable businesses to optimize their cash flow management.
CGI’s completion of the FedNow Service certification reinforces their position as a trusted technology partner,
providing cutting-edge solutions that help businesses thrive in a rapidly changing market. As the demand for instant
payments grows, CGI is well-prepared to support financial institutions in leveraging the opportunities presented by
the FedNow Service.
The future of payments
As the US banking sector embraces real-time payments, the importance of innovative and secure payment systems has
never been greater. With the completion of the FedNow Service certification, CGI is poised to play a pivotal role in
shaping the future of payments.
CGI’s deep industry knowledge and technological expertise empower them to develop and implement solutions that meet
the unique needs of financial institutions. By combining their capabilities with the FedNow Service, CGI is
well-positioned to deliver enhanced value and convenience to businesses and consumers alike.
The certification achievement reinforces CGI’s commitment to staying at the forefront of technological advancements
in the finance sector. With their continued dedication to innovation and customer success, CGI is paving the way for
a more efficient and inclusive digital economy.
Embrace the future of payments with CGI and experience the benefits of instant, secure, and accessible financial
transactions.