Envision Credit Union
Chooses TELUS and Fincentric for Seven-Year banking System Delivery
Agreement
Vancouver, BC — March 26, 2002
– TELUS Corporation and Fincentric Corporation have partnered
to provide systems consulting, integration, hosting and software
licensing and support in a seven-year agreement with Envision Credit
Union, Canada’s fourth largest credit union.
TELUS and Fincentric will provide a banking solution
through a single banking platform that integrates in-branch, ATM,
telephone and Internet systems for Envision’s 100,000 members.
Value of the agreement is not being disclosed.
“By combining the technology and application
management expertise of TELUS with world-class banking software
from Fincentric, we are able to create a first-class banking solution
for our membership as a whole,” says Gord Huston, Envision
CEO. “Our partnership with TELUS and Fincentric has created
the optimal balance of banking system functionality, flexibility,
extensibility and reliable operation while at the same time managing
the cost of technology to Envision.”
TELUS will provide systems integration and consulting
services to transition Envision from multiple banking system providers
to a state-of-the-art technology solution, powered by Fincentric’s
i-Wealthview Banking™ platform. TELUS will also support Envision’s
technology and information systems team with a complete suite of
banking system management services ranging from ongoing systems
integration and consulting services, application management and
enhancement services, systems operation and technology management,
telecommunication network provisioning and management.
“This agreement provides TELUS with an opportunity
to demonstrate our ability to deliver a truly integrated solution
for Envision’s business needs,” says Garry Rasmussen,
president and CEO of TELUS Enterprise Solutions.
Fincentric’s i-Wealthview Banking™,
is a customer-centric front-to-back office banking system for financial
institutions. It offers comprehensive applications for deposits,
payments, and consumer lending with integration across multiple
delivery channels, including, branch, ATM, telephone and Internet
banking. i-Wealthview Banking™ features Customer Value Management™
capabilities that enable the institution to analyze the value of
each member, formulate strategies to maximize their value, and improve
retention levels of their membership.
“Envision is a forward-thinking credit union
that places the needs of its membership first. i-Wealthview is a
member-centric banking system that will enable Envision to develop
lifetime member relationships,” says Mike Cardiff, president
and CEO of Fincentric. “We are pleased to team with TELUS
to provide Envision with a solution that will enable the credit
union to match its products and services to its members’ needs.”
About Envision Credit Union
Envision Credit Union is a full-service credit union, created
in 2001 from the amalgamation of FIRST Heritage Savings Credit Union
and Delta Credit Union. Envision Credit Union, with over $2 billion
in assets and 100,000 members, operates 18 credit union branches
and 16 insurance offices throughout British Columbia’s Lower
Mainland and Fraser Valley, as well as north in Kitimat. The credit
union offers a full range of deposit, lending, and insurance services
to individuals and businesses. For more information, visit www.envisionfinancial.ca.
About TELUS
TELUS Corporation (TSE: T, T.A; NYSE: TU) is one of Canada's
leading telecommunications companies, providing a full range of
telecommunications products and services that connect Canadians
to the world. The company is the leading service provider in Western
Canada and provides data, Internet Protocol, voice and wireless
services to Central and Eastern Canada. For more information about
TELUS, visit www.telus.com.
TELUS Enterprise Solutions is the e.business division
of TELUS and is a leading and comprehensive e.business services
and Information Technology (IT) outsourcing services provider.
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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