Community Savings Selects
Fincentric and Upgrades from RBS to Wealthview Banking
Vancouver, BC, October 25,
2005 – Fincentric Corporation today announced that
B.C. based Community Savings Credit Union has selected Fincentric’s
Wealthview Banking™ as its new core retail banking system.
Prior to selecting Wealthview Banking, Community
Savings was running Fincentric’s RBS system, a DOS-based platform,
since 1988. The credit union recognized an upgrade to its legacy
system would greatly provide extensive new functionality, reliability
and support growth, while keeping control in the hands of the credit
union’s IT team. After evaluating other international core
banking providers, Community Savings determined that upgrading to
Fincentric’s Microsoft-based Wealthview Banking platform was
the optimal choice.
“Fincentric is the clear winner for us.
Wealthview Banking is a leading edge, membercentric, retail banking
system in use today by many Canadian credit unions,” said
Bruce Cook, President and CEO of Community Savings. “Fincentric’s
software will give us the unprecedented flexibility to meet the
unique needs of our members. Among the many benefits, it will enable
us to view each member’s complete financial picture on a single
screen, which ultimately leads to better service and allows us to
develop a deeper understanding of how we can help our members achieve
their financial goals.”
Community Savings will use Fincentric’s
comprehensive applications to support its competitive deposit and
lending products, insurance and investment products, financial planning,
business banking and Internet banking. In addition, Wealthview Banking
provides real-time high performance online transaction processing
and supports integrated delivery channels including branch, Internet,
ATM, and telephone.
Said Cook, “Over the years, we have continued
to be impressed with the customer service focus of Fincentric and
their commitment to the Canadian credit union movement.”
As one of Fincentric’s first customers,
Community Savings and Fincentric share a solid history and partnership.
“We are extremely proud to play a significant role in Community
Saving’s growth,” said Robert Nygren, Fincentric’s
President and CEO. “Their selection of Wealthview Banking
over other solutions continues to reflect the strength of our Canadian
organization and core banking solution. Moving forward, Community
Savings has a new platform that will help modernize their operations,
compete more effectively and adapt to future trends in financial
services.”
About Community Savings
At $220 million in total assets, Community Savings is B.C.’s
20th largest credit union.
The credit union provides innovative financial services and products
to over 12,000
members throughout the lower mainland and Victoria through 5 branches.
For more
information, visit, www.comsavings.com.
About Fincentric Corporation
Fincentric Corporation is a leading provider of core retail banking
and customer value management software to the global financial services
industry. Fincentric’s Wealthview™ family of integrated
products enables financial institutions to leverage customer knowledge
to deliver personalized service and product offers, and develop
profitable customer relationships. Fincentric has strategic alliances
with TELUS, Microsoft and Intel, and supports financial institutions
in over 25 countries.
Media Contacts:
Shella Evangelista
Tel: (604) 214-5710
Fincentric
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