Barclays integrates CGI trade finance solution with Komgo platform

FRANKFURT - Barclays has partnered with CGI (TSX:GIB.A) (NYSE:GIB), a prominent IT services provider with a market capitalization of $19.4 billion, to integrate the CGI Trade360 global trade finance solution with Komgo’s Konsole platform, according to a press release issued Monday.

The integration aims to provide Barclays with increased transaction transparency, faster processing times, reduced manual entry, and lower operating risk in trade finance operations. Corporate clients using the Komgo platform will benefit from fully automated workflows for transactions flowing to the bank.

"Our corporate clients increasingly expect seamless, digital-first solutions for their global trade finance needs," said Jaya Vohra, Managing Director, Global Head of Trade & Working Capital at Barclays. "By integrating Komgo with CGI Trade360, we will be providing our clients with a fully digital experience while simplifying operations processing."

The collaboration represents a step in Barclays’ digital trade finance strategy, offering corporate customers additional digital channels for financing services.

Neil Sadler, Senior Vice-President of Banking and Financial Markets at CGI in the UK, stated that CGI aims to act as "the bridge between institutions and innovative fintech networks" in advancing trade finance digitization.

Michael Mandell, Managing Director for Americas at Komgo, added that the integration demonstrates how combining their multi-bank network with CGI’s processing capabilities delivers value to both banks and corporate clients.

CGI Trade360 supports more than 50 products in traditional trade, payables, receivables, and cash management. The information in this article is based on a company press release.

In other recent news, CGI Inc reported a strong financial performance for its third fiscal quarter of 2025, with earnings per share reaching $2.10, significantly exceeding the forecasted $1.52. Revenue also surpassed expectations, totaling $4.09 billion against a projected $2.91 billion. In addition to these financial results, CGI secured a 10-year contract with the State of New Jersey to continue developing and supporting the State Integrated Recovery Operations Management Systems, which has managed over $7.2 billion in recovery funds to date. Furthermore, CGI has been awarded a contract by the Texas Comptroller of Public Accounts to modernize the state’s financial systems with a new enterprise resource planning solution. CGI also entered into a strategic partnership with Finnish retail services company Kesko to accelerate digital transformation efforts, providing a range of IT services. These developments highlight CGI’s continued expansion and strategic initiatives across various sectors.

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