Fincentric Announces
Software Licensing Agreement with Saskatoon Credit Union
Vancouver, BC — July 23, 2002
– Fincentric Corporation, a leading global provider of wealth
management and banking software, today announced that Saskatoon
Credit Union has signed a software licensing agreement to implement
Fincentric's next-generation core banking system. The solution is
to be implemented in 2003.
Established in 1939, Saskatoon Credit Union serves
over 50,000 members and manages assets of over $667 million. Saskatoon
Credit Union selected the Fincentric solution for its functionality,
rapid implementation, scalability and the ability to migrate to
future Fincentric applications.
"Technology continues to be a significant factor
in delivering competitive, quality financial solutions to our members.
We chose Fincentric's banking system because it represents the best
technological solution to meet our strategic goals," said George
Keter, CEO of Saskatoon Credit Union.
Fincentric offers a cost-effective front-to-back
office banking system for financial institutions with comprehensive
applications for deposits, payments, and consumer lending, and integration
across multiple delivery channels, including Internet and telephone
banking via interactive voice response (IVR). An online transaction-processing
(OLTP) engine, designed for high performance and high availability,
completes the retail core processing system.
"Saskatoon Credit Union could have only achieved
its status as one of Canada's top 25 credit unions by providing
outstanding member services," said Mike Cardiff, president
and CEO of Fincentric. We're pleased they've selected Fincentric
to continue on this tradition. From a technical standpoint, they
are in good company as half of the top 20 Canadian Credit Unions
have chosen Fincentric to optimize their core banking operations."
About Saskatoon Credit Union
Saskatoon Credit Union is a locally owned financial co-operative
and is the largest credit union in Saskatoon, the second in the
province operating 7 branches, a commercial services division, an
auto and agricultural dealer division and a TeleService Centre.
They provide a full range of quality financial services. Saskatoon
Credit Union was recognized in 2002 by Credit Union Central of Canada
with the 14th Annual Community Economic Development Award and by
the Saskatoon and District Chamber of Commerce SABEX Community Involvement
Award. Saskatoon Credit Union's web site can be found at www.saskatooncreditunion.com.
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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