Northern Savings Credit
Union Selects Fincentric’s i-Wealthview Banking™ Software
Vancouver, BC, February 11, 2003
– Fincentric Corporation, a leading global provider of wealth
management and next generation banking software, today announced
that Northern Savings Credit Union has chosen to implement the company’s
i-Wealthview Banking™ software. Fincentric’s customer-centric
retail banking system supports Northern Savings’ initiatives
for enhancing service levels for its members. Fincentric provides
Northern with software needed to deliver loan, mortgage, chequing
& savings account, RRSP and RRIF products to its members. Additionally,
i-Wealthview Banking includes high performance online transaction
processing system; it supports integrated delivery channels, such
as branch, Internet, ATM, and interactive voice response.
Northern Savings Credit Union offers a full array
of banking, insurance and wealth management products and services
to residents of Northwestern British Columbia, Canada. The credit
union has four branches, located in Prince Rupert, Terrace, Masset
and Queen Charlotte City, providing financial services to more than
16,000 members while managing assets of $275 million (CAD). In addition,
Northern Savings Insurance, a wholly owned subsidiary of Northern
Savings, offers a complete line of life, disability, auto, property,
and business insurance services.
Northern Savings selected Fincentric by working
through CU Technical & Administrative Services Corporation (CUTASC),
an IT systems integrator in BC. Formed in 2002, CUTASC is owned
by Evergreen Savings Credit Union and Northern Savings Credit Union,
and provides technical and administrative services to several credit
unions in British Columbia.
“The Fincentric software expands the toolkit
our credit unions will use to maintain and expand the role of trusted
advisor they have earned with their membership,” says Wilf
Rimmer, CEO of CUTASC. “The basis of Credit Unions success
has always been in building strong relationships based on knowledge
of their membership, their communities, and their willingness to
deliver innovative solutions that meet their member’s needs.
The open architecture of the Fincentric system and its analytical
capabilities will improve the ability of our credit unions to be
even more responsive and innovative in the provision of solutions
to their members.”
“Our success with Northern Savings is another
proof-point to our leadership position in the Canadian credit union
community,” said Mike Cardiff, President and Chief Executive
Officer of Fincentric Corporation. “By providing a consolidated
view of a customer’s assets and liabilities, Northern Savings
Credit Union will be able to develop deeper financial relationships
with its members, and deliver service that acknowledges the relationship
with each individual member.”
About Fincentric
Fincentric Corporation is a leading global provider of
enterprise wealth management and core banking software. Fincentric's
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.
Media Contacts:
Fincentric Corporation:
Shella Evangelista
Media & Analyst Communications Manager
Fincentric Corporation
Tel: (604) 214-5710
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