Rainier Pacific Bank
Selects Fincentric’s Banking and Wealth Management Solutions
Customer Value Management Applications to Manage
Entire Net Worth
Vancouver, BC — March 13, 2002
– Fincentric Corporation, a leading global provider of enterprise
wealth management and core banking software, today announced it
has signed a software licensing agreement with Rainier Pacific Bank,
a US community bank. The initial agreement includes licensing, implementation
and maintenance for Fincentric’s core banking and wealth management
system, i-Wealthview™. The Fincentric systems, to be implemented
in the second half of 2002 with additional functionality added in
first half of 2003, will enable Rainier Pacific to manage its customers’
total net worth, and to cost-effectively offer enhanced services
to its customer base.
Based in Tacoma, WA, Rainier Pacific Bank manages
US $465 million of assets for over 43,000 customers in the Pacific
Northwest. It provides a full range of banking services, property
and casualty insurance, and financial planning and investment services.
The Bank will be implementing Fincentric’s full suite of wealth
management products to accommodate its converged offering of banking,
insurance, and investment services. Modules of i-Wealthview to be
implemented by Rainier Pacific include i-Wealthview Banking™,
i-Wealthview Data Aggregation™, i-Wealthview Enterprise Server™
and i-Wealthview Personal Portal™, which will provide Rainier
Pacific customers a single-point-of access to their entire financial
services portfolio.
“We were impressed with Fincentric’s
vision and product development direction, which are very much in-line
with our strategic business goals and vision,” said John Hall,
Rainier Pacific’s president and CEO. “By possessing
a complete view of the customers’ financial information, we
can have a better understanding of their current outlook and provide
financial products to meet their long term goals.
“As Rainier Pacific continues its course of
rapid growth, wealth management capabilities will be a competitive
advantage that differentiates their services in the marketplace,”
said Mike Cardiff, Fincentric president and CEO. “The i-Wealthview
system will serve as the catalyst for enabling Rainier Pacific Bank
to increase customer retention and profitability.”
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
|
|
|
