Island Savings Credit
Union Enhances Member Services With Fincentric’s i-Wealthview
Banking™ System
Vancouver, BC — August 20, 2002
– Fincentric Corporation, a leading global provider of wealth
management and next generation banking software, today announced
that Island Savings Credit Union has completed its conversion to
i-Wealthview Banking™, on schedule. Fincentric’s software
system provides Island Savings with core banking capabilities, integrated
delivery channels and real-time, online transaction processing.
Based in Duncan, BC, Island Savings is one of the
ten largest credit unions in BC and is the largest Vancouver Island-based
credit union, serving over 30,000 members and managing assets of
over CAD $550 million. Island Savings has been providing personalized
financial, investment and insurance advice, products and services
to its members for over 50 years.
“We are extremely pleased with the implementation
and deployment of our new core banking system from Fincentric,”
says Island Savings Chief Executive Officer, Pam Marchant. “Working
closely with our IT team, Fincentric has met its commitments in
the transition of our enterprise system. In banking terms, the system
was balanced to the dollar from day one. We had initially set aside
at least two months for our staff to go through a learning curve
and adjust to the new system. However, by the end of the first week
on the new i-Wealthview system, the thoroughness of the product
and its ease-of use has enabled us to immediately optimize the full
functionality of the system.”
i-Wealthview Banking provides Island Savings with
a complete front-to-back office banking solution that supports its
many delivery channels such as branch, ATM, POS, IVR and Internet.
The system has built-in Customer Value Management™ capabilities,
allowing the credit union to evaluate its members’ accounts
and pro-actively provide services based on knowledge of its member
relationships.
Island Savings is one of three credit unions named
as part of Fincentric’s Canadian Credit Union Conversion Project,
recognized by the Canadian Information Processing Society (CIPS)
as IT Project of the Year. In May 2002, CIPS presented Fincentric
with the award of excellence for the three-phase, mission-critical
implementation project.
“This is a mission critical deployment representing
the back-bone of our credit union, and we’re proud to be a
part of an award-winning IT project,” said Marchant. “We
are especially looking forward to putting the i-Wealthview applications
for Customer Value Management to use for retaining and growing our
membership.”
Mike Cardiff, President and Chief Executive Officer
of Fincentric Corporation, said, “Meeting and exceeding our
customer’s expectations is something we always strive for.
We’re pleased to play a part in Island Savings’ future
growth as they continue to demonstrate leadership in the Canadian
credit union community.”
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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