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FAIRFAX,
VA, April 28, 2025 /PRNewswire/ - CGI Federal
Inc. (CGI), the wholly-owned U.S. operating subsidiary of CGI
Inc. (NYSE: GIB) (TSX: GIB.A), today announced the release of a
Fraud, Waste and Abuse (FWA) Prevention Platform, a
transformative solution designed to support U.S. federal government
agencies in detecting and preventing potential improper payments
before they occur. Developed in partnership with TrackLight Inc.,
and running on Amazon Web Services (AWS), the FWA Prevention
Platform brings together real-time risk identification, AI-powered
analytics and robust core financial integration. The platform is
currently available to clients using CGI's Momentum
solution with the option for other major core financial system
integrations available in the future.
CGI's FWA Prevention Platform continuously monitors transactions
through advanced fraud analytics, applying predictive
models trained on a comprehensive library of more than 3,000
fraud schemes. This process allows federal
agencies to identify and prevent potentially fraudulent activity at
the earliest stage. TrackLight's AI-driven technology and extensive
open-source intelligence records serve as a key foundation for
these capabilities, while AWS provides the secure, scalable
infrastructure necessary to support mission-critical applications
in the federal government.
"CGI is committed to supporting the Administration's objective
to prevent fraud, waste and abuse across the federal
government through our innovative solution," said Stephanie Mango, CGI Federal President. "These
capabilities not only reduce financial loss, but also help agencies
enhance public trust, support regulatory compliance and improve
mission outcomes and service delivery."
CGI's Momentum solution is an industry-leading budget,
financial and acquisition management system, purpose-built for the
federal government and utilized by more than 180 federal government
organizations across all three branches of government. As a trusted
solution, Momentum balances standardization with flexibility,
enabling agencies to meet federal mandates with speed and agility.
It complies with the Treasury's Financial Management Capability
Framework (FMCF), including functionality defined by the Federal
Integrated Business Framework (FIBF) for Financial Management, and
has been available on the U.S. Treasury's Financial Management
Quality Service Management Office (FM QSMO) since 2023.
About CGI Federal
CGI Federal Inc. (CGI), a wholly owned U.S. operating subsidiary
of CGI Inc., is a leading technology and professional services
company serving federal agencies across defense, civilian,
healthcare, justice, intelligence, and international affairs. With
nearly 8,000 professionals, we work with our clients to modernize
government through innovative technology solutions, flexible
delivery models, and a commitment to achieve mission outcomes. For
more information visit www.cgi.com/Momentum.
About TrackLight
TrackLight provides AI-powered fraud detection and
prevention solutions. Our mission is to create a safer, more
transparent world by empowering organizations to proactively detect
and prevent fraud. The TrackLight suite includes Due
Diligence, Social Network Analysis, Fraud Analytics,
and Investigative Large Language Models (LLMs). TrackLight users
benefit from reviews of over 1 billion open-source intelligence
records, more than 3,000 fraud schemes, and dozens of
expert-trained LLMs. For more information,
visit tracklight.ai.
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content:https://www.prnewswire.com/news-releases/cgi-launches-fraud-waste-and-abuse-prevention-platform-to-support-us-federal-government-agencies-302440300.html
SOURCE CGI Inc.
