06:24 AM EDT, 04/29/2025 (MT Newswires) -- CGI (GIB-A.TO, GIB), an IT and business consulting services company, late on Monday said its U.S. operating subsidiary CGI Federal released a new platform to support U.S. federal government agencies in detecting and preventing potential improper payments.

The Fraud, Waste and Abuse Prevention Platform makes use of real-time risk identification, AI-powered analytics and core financial integration and is available to clients using CGI's Momentum solution, with an option for other major core financial system integrations in the future. Momentum is a budget, financial and acquisition management system purpose-built for the federal government.

The platform, which was developed in partnership with TrackLight and is running on Amazon Web Services, monitors transactions through advanced fraud analytics, applying predictive models trained on a library of more than 3,000 fraud schemes.

TrackLight's AI-driven technology and open-source intelligence records serve as a key foundation for these capabilities. AWS provides the infrastructure needed to support mission-critical applications in the federal government.

CGI at last look traded 0.1% lower to US$105.80 in U.S. pre-market trading on Tuesday.