Envision Financial Completes Final Phase of Implementation with TELUS and Fincentric
Vancouver, BC, June 25, 2003
– Envision Credit Union with TELUS has completed its implementation
of Fincentric's Wealthview Banking™ system. With Envision's
western branches fully converted and live on Wealthview Banking,
Envision now has just over 100,000 members using Wealthview Banking.
This final phase completes the implementation part of TELUS and
Fincentric's partnership to provide systems consulting, integration,
hosting and software licensing and support, in a seven-year agreement
with Envision Credit Union.
“Through our strategic partnership with TELUS and
Fincentric, we now have a first-class banking solution that our
entire organization can take advantage of,” said Gord Huston, Envision
CEO. “Working from a common platform, we can now offer products
that our members are looking for in a more timely and efficient
manner. Having a banking system that allows us to be responsive
to the needs of our local market directly impacts the service our
members receive, as well as our bottom line.”
TELUS provided systems integration and IT consulting services for Envision's implementation and conversion onto the Wealthview Banking system and continues to provide a complete suite of banking system management services ranging from ongoing systems integration and consulting services, application management and enhancement services, systems operation and technology management, and telecommunication network provisioning and management.
“Envision entrusted TELUS to manage their banking system transition, and deliver on system management and technology services,” said Bruce Calder, Vice President and General Manager of TELUS Enterprise Solutions, the information technology (IT) outsourcing and professional services division of TELUS. “We are proud that the exceptional efforts of the TELUS team contributed to Envision's successful transition and helped attain their ambitious member service goals. TELUS' relationship with Envision showcases the progressive level of technology and telecommunications integration TELUS is successfully offering to Canadian businesses today.”
As Canada's third largest credit union, Envision is using Fincentric's Wealthview Banking system to transition away from multiple legacy banking systems onto one single platform that fully integrates in-branch, ATM, telephone and Internet systems. Wealthview Banking will help “break down” information silos to provide Envision's 750 employees with a consolidated view of a member's existing accounts and products.
"Envision is a forward thinking and technologically innovative credit union—which translates into exemplary customer service for its members,” said Lyle Wharton, president and CEO of Fincentric. “With Fincentric's Wealthview Banking, Envision is redefining how modern credit unions are effectively competing with big banks."
Wealthview Banking is a complete front-to-back office banking system for financial institutions, offering comprehensive applications for deposits, payments, and consumer lending. Wealthview Banking features capabilities and 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. With Wealthview Banking, financial institutions can analyze the value of each customer, formulate strategies to maximize their value, and increase customer retention.
About Envision
Envision Financial is Canada's third largest credit union and is among B.C.'s leading financial services providers. A merger in 2001 between First Heritage and Delta Credit Unions has allowed Envision to continue building on its strong history of credit unions. Envision, which includes three subsidiaries: Insurance services, Investment services and CU Dealer link, also has branches throughout B.C.'s Lower Mainland, Fraser Valley and Kitimat. In 2003 Envision was recognized by the Globe and Mail's Report on Business as one of the Best 50 Companies to Work for in Canada.
About TELUS
TELUS (TSX: T, T.A; NYSE: TU) is the largest telecommunications company in Western Canada and the second largest in the country, with more than 25,000 employees. The company provides subscribers with a full range of telecommunications products and services including data, Internet Protocol, voice and TELUS Mobility wireless services across Canada. TELUS is a premier founding supporter of Canada's bid to host the 2010 Winter Games. TELUS Enterprise Solutions, a division of TELUS, is a leading information technology (IT) outsourcing and professional services provider, serving clients across Canada. TELUS Enterprise Solutions has a long-standing reputation of excellence in enterprise resource planning (ERP), and the IT field including infrastructure outsourcing, systems integration, and application development & management. For more information, visit www.telus.com.
About Fincentric Corporation
Fincentric is a leading provider of core banking and wealth management
software to Credit Unions and other financial institutions worldwide.
Fincentric's Wealthview™ suite of products includes ‘next
generation' core banking, consolidated member view, data aggregation,
Internet and wireless financial portals, and full multi-channel
support. Its revolutionary Customer Value Management™ capabilities
enable an institution to recognize the value of each member, and
drive incremental revenue through appropriate touchpoints. Fincentric's
products help Credit Unions increase member retention by delivering
greater value to its members. Fincentric has strategic alliances
with Microsoft, HP, and other international partners. For more information,
call (604) 278-6470.
Media Contacts:
Envision:
Gene Creelman
604.539.7330
TELUS:
Karen Dosanjh
604.451.2503
Fincentric Corporation:
Shella Evangelista
Media & Analyst Communications Manager
Fincentric Corporation
Tel: (604) 214-5710
|
|
|
