Fincentric Completes
Implementation of i-Wealthview Banking at Stanford Federal Credit
Union
Vancouver, BC — September 19, 2002
– Fincentric Corporation, a leading global provider of wealth
management and core banking software, today announced that Stanford
Federal Credit Union (SFCU) has completed its implementation of
Fincentric’s i-Wealthview Banking™ software for its
core banking system, running live as of September 2.
i-Wealthview Banking now provides SFCU with enhanced
functionality in areas such as loans, customer relationship management
and high transaction volume capabilities on a robust Microsoft platform,
along with enhanced Internet capabilities.
John R. Davis, president and CEO of Stanford Federal
Credit Union, said, “I’ve been involved in a number
of core system conversions over the years, and it was gratifying
to see the implementation of Fincentric’s i-Wealthview accomplished
on schedule and within budget."
Sam Tuohey, VP of Information Services for SFCU,
indicated that the database and software conversion took place over
the Labor Day weekend with minimal member impact. “The Fincentric
and Stanford employees were very dedicated, working hard and smart
to ensure a smooth migration.”
Established in 1959 and based in Stanford, California,
SFCU is owned and operated by more than 40,000 members of the Stanford
Community and has assets of approximately $400 million. The Stanford
Community includes Stanford University, Stanford Hospital, Lucile
Packard Children's Hospital and Stanford Linear Accelerator Center.
Its customer base reaches the university employees, students and
alumni, as well as persons who work for the high tech organizations
on property owned by Stanford University in the Silicon Valley.
SFCU is a leader in electronic commerce; in 1993, it was the first
financial institution in the United States to offer financial transactions
on the Internet.
i-Wealthview Banking is a complete front-to-back
office banking system for financial institutions with integration
across multiple delivery channels, including Internet banking. An
online transaction-processing (OLTP) engine, designed for high performance
and high availability, completes the retail core processing system.
“The implementation at Stanford is a testament
to our team’s ability to implement core banking solutions
for US financial institutions,” said Mike Cardiff, Fincentric’s
president and CEO. “Moving forward, Stanford has a platform
that will help to ensure its high levels of service are maintained,
and that Stanford has the agility to adapt to the future trends
in financial services.”
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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