Fincentric, Cap Gemini
Ernst & Young and Intel to Demonstrate Wealth Management Solution
at BAI
Vancouver, BC — November 6, 2002
– Fincentric, along with Cap Gemini Ernst & Young LLC
and Intel® Corporation, will demonstrate the TotalWorth Enterprise™
wealth management solution at the 2002 BAI Retail Delivery Conference
being held this week in Atlanta, GA. Based on Fincentric’s
innovative i-Wealthview suite of wealth management and core banking
products, TotalWorth Enterprise™ bundles software with process
management and implementation services for a complete wealth management
solution. The solution runs on high performance, low cost Intel-based
servers and workstations containing Xeon™ processors and PCs
containing Pentium® 4 processors.
“Competition within the financial services
sector today is fierce,” said Mike Cardiff, Fincentric’s
president and CEO. “Our wealth management system provides
financial institutions with the means to target the mass affluent
customer demographic, and gain a consolidated, enterprise view of
its customer’s assets and liabilities. Once they achieve this
they can then implement actionable treatment strategies to increase
overall customer retention and profitability.”
TotalWorth Enterprise™ is a comprehensive
turnkey core retail banking and wealth management solution. Coupled
with Cap Gemini Ernst & Young’s rapid implementation methodologies,
systems integration expertise, and service excellence, the solution
will help enable a financial institution to manage its customers’
total net worth and increase customer profitability, acquisition
and retention.
“We have a solid grounding in wealth management
and extensive experience in helping financial institutions realize
their objectives,” said Bob Meagher, Vice President and head
of the Banking practice for Cap Gemini Ernst & Young’s
Financial Services Industry group. “It is our pleasure to
be the systems integrator for the TotalWorth Enterprise™ solution.”
Fincentric is a leading global provider of wealth
management and next generation retail banking software. Its products
include core banking, data aggregation, consolidation of customer
information, Internet & wireless financial portals and integrated
multi-channel support. Its new Customer Intelligence applications
provide the customer-facing employees of the institution with a
dashboard of the customer’s key value metrics, such as share-of-wallet,
profitability and potential profitability, and to provide employees
with a single enterprise view of the customer, for more meaningful,
profitable customer interactions.
Cap Gemini Ernst & Young, one of the largest
management and IT consulting firms in the world, offers financial
institutions a proven set of best practices and processes, and a
global network of development centers with the ability to help deliver
this technology with speed, quality and adaptability. Intel is a
leading technology and solution provider for financial services,
banking, and wealth management. Intel provided extensive development
resources for the creation of the TotalWorth Enterprise™ solution,
and the company will co-market the solution to leading industry
customers.
TotalWorth Enterprise gives financial service organizations
the tools needed to target the emerging and lucrative mass affluent
market--those households with investable assets between $100,000
and $1 million. The mass affluent market represents both a profitable
and underserved opportunity for financial institutions looking to
provide additional services. According to TowerGroup as the emerging
mass affluent assets in the US grow to $12.9 trillion in 2005, fees
at 1 percent would return $129 billion to financial institutions.
During the BAI conference, held from November 4
through 7th in Atlanta, Fincentric, along with Cap Gemini Ernst
& Young and Intel, will also host an interactive wealth management
workshop entitled “Tapping Into the Mass Affluent Market Opportunity”
on Wednesday, November 6th at 2:30 p.m. (room #305). Hosted by Fincentric’s
Mike Cardiff, the workshop will reveal the latest trends and discuss
what is required to capitalize on the new opportunity to service
the “mass affluent”-- the fastest growing and most profitable
customer segment today.
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 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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