Canadian Information
Processing Society Recognizes i-Wealthview Wealth Management Software
Vancouver, BC — May 23, 2002 –
Fincentric Corporation was honored with two "BC Innovators
in IT" awards from the Canadian Information Processing Society
(CIPS). At the awards event, held in Vancouver May 15, Fincentric
was recognized for “Innovation in Technology” for its
i-Wealthview wealth management software. The second award presented
was “IT Project of the Year” for Fincentric’s
Canadian Credit Union Conversion project.
Fincentric was presented with two awards. In the
category of Creative Partnering, Fincentric was selected for increasing
export sales by expanding and penetrating new markets through successful
partnering relationships. The second award, sponsored by RBC Financial
Group, was Exporter of the Year. Fincentric was selected for the
top award, recognized for its leadership and outstanding financial
growth among the nine category winners.
“In our judgment, end user adaptation and
the efficiencies gained by the customers are heavily weighted for
achievements in technical innovation and for outstanding IT projects,”
said CIPS spokesperson, Rhonda Swanson. “Fincentric met all
of the criteria in both of these categories and we congratulate
them.”
Fincentric’s i-Wealthview is the world’s
first fully integrated wealth management system. It enables the
financial institution to consolidate information from many financial
systems (banking, insurance brokerage and trust) into a single enterprise
solution. It provides a view to the customer’s entire net
worth—all assets and liabilities held inside, or outside of
the home institution and enables the institution to build profitable
customer relationships. For the customer and their advisors, it
provides unparalleled access to their entire portfolios, delivered
over multiple channels (branch, ATM, telephone, Internet, wireless).
Fincentric developed the system to enable institutions to deliver
wealth management services to the rapidly growing “mass affluent”
customer segment.
“Fincentric is a company where extraordinary
people can achieve extraordinary things,” said Mike Cardiff,
company president and CEO. “We’re especially proud of
this recognition from CIPS for both our innovative technology and
our ability to implement it within complex, enterprise environments.
Two years ago, we took a bold step and launched the worlds first
enterprise wealth management solution and now we see this market
exploding globally.”
Fincentric’s Canadian Credit Union Conversion
(CCUC) project involved a consortium of three credit unions within
B.C. that had each been running earlier versions of Fincentric’s
software since the early 1990s: Prospera (formerly Fraser Valley
Edelweiss Credit Union), Kootenay Valley Savings Credit Union, and
Island Savings Credit Union. Assets of the three credit unions total
approximately $2 billion, with a total customer base of over 125,000.
The CCUC project produced a world-class banking
system tailored to meet the needs of the Canadian credit union market.
The three credit unions joined the program to provide Fincentric
with a broad view of the market, plus their own specific requirements.
Fincentric combined the views of all three, along
with the market requirements outlined by Fincentric’s financial
industry experts, and created a banking solution that met the critical
demands of the customer-centric credit union market.
“This project demonstrates our methodology
for product development, project management and systems integration,”
Cardiff said. “But more importantly it demonstrates how we
work closely with our customers to deliver next-generation solutions
on time and on budget.”
About Fincentric
Fincentric Corporation is a leading global provider of
enterprise wealth management and core banking software. Fincentric's
i-Wealthview™ wealth management software products include
'next generation' core banking, Customer Value Management™,
data aggregation, Internet and wireless financial portals and full
multi-channel support. Its revolutionary Customer Value Management™
capabilities provide profitability and relationship analysis that
allow financial institutions to recognize the value of each customer,
and maximize their profitability. Fincentric products enable financial
institutions to quickly deploy solutions for their converging financial
service offerings, while also supporting capabilities for increasing
customer profitability, customer acquisition, and retention. Fincentric
has approximately 300 customers worldwide, and has strategic relationships
with Microsoft, Compaq, and other international partners. For more
information, visit Fincentric's home page at www.fincentric.com,
or call (604) 278-6470.
Fincentric, i-Wealthview, i-Wealthview Banking and
Customer Value Management (CVM) are trademarks of Fincentric Corporation.
Media Contacts:
Fincentric Corporation:
Shella Evangelista
Media & Analyst Communications Manager
Fincentric Corporation
Tel: (604) 214-5710
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