Fincentric Signs Licensing Agreement with Standard Chartered Bank
Vancouver, BC, December 10, 2003 – Fincentric
Corporation, a leading provider of core retail banking and customer
value management software, announced today that they have signed
a licensing and servicing agreement with Standard Chartered Bank
(SCB). Through SCB’s recent acquisition of 20twenty, a South
African digital bank, Standard Chartered has purchased the software
licenses of Fincentric’s Wealthview Banking™ system.
Standard Chartered Bank operates in more than 50
countries in the Asia Pacific Region, South Asia, the Middle East,
Africa, the United Kingdom and the Americas, where it serves both
consumer and wholesale banking customers. 20twenty, based in Cape
Town, South Africa, has utilised Fincentric’s Wealthview Banking
platform since its inception, when it was launched in July 2001
as the first digital-only bank in the region. Wealthview Banking
supported 20twenty’s customer base as it grew to over 40,000
within its first six months of operations.
Alice Laberge, Fincentric’s president and CEO commented,
“Standard Chartered and Fincentric are like-minded partners
who share the vision of offering a world-class branded financial
services experience. We are pleased to be an instrumental part of
Standard Chartered’s strategy for achieving the highest levels
of customer satisfaction.”
“Fincentric’s Wealthview Banking will
become an important technology platform for Standard Chartered’s
long-term expansion in South Africa and will assist us in further
building our South African presence,” said Standard Chartered’s
head of consumer banking in South Africa, Christo Davel. “20twenty
was created from the outset to service and respond to the ‘real-time’
needs of contemporary banking customers. Deploying Fincentric’s
Wealthview Banking has enabled us to deliver the smartest and most
profitable products and services to each and every customer, every
time they contact our bank.
About Fincentric Corporation
A private company founded in 1984, Fincentric is regarded as a pioneer
in the development of retail banking software for the global financial
services industry. Today, Fincentric’s Wealthview™ enterprise-wide
suite of integrated software applications are customizable, flexible
solutions that provide a single view of the customer. With Fincentric’s
proven solution, financial institutions can demonstrate their competitive
strengths, develop deeper more profitable customer relationships
and deliver personalized service and product offers. Through strategic
alliances with Microsoft, HP, Intel, and other international partners,
many of the world’s most recognized financial institutions
in over 25 countries, use Fincentric’s solutions. For more
information, call us at 604.278.6470.
About Standard Chartered Bank and 20twenty
Standard Chartered Bank operates in excess of 500 locations across
the Asia Pacific Region, South Asia, the Middle East, Africa, the
United Kingdom and the Americas. It is one of the world’s
most international banks with a management team comprising 70 nationalities.
The bank is listed on both the London and Hong Kong stock exchanges
and is in the top 25 FTSE-100 companies by market capitalization.
Standard Chartered re-entered South Africa in August 2003 and purchased
20twenty, a digital financial services organisation, based in Cape
Town, South Africa, as its first foothold in the local consumer
banking industry. It is expected that 20twenty will re-launch during
the first quarter of 2004. Standard Chartered plans to service both
Consumer and Wholesale Banking customers.
Media Contacts:
Fincentric Corporation:
Shella Evangelista
Media & Analyst Communications Manager
Fincentric Corporation
Tel: (604) 214-5710
Standard Chartered Bank in South Africa:
Lauren Callie
+27 +11 217-6600; +27 82-894-5581
20twenty:
Nicola Nel
+27 +21 461-2117; +27 82-459-2288
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