Reality Closer for Inter-provincial
Credit Union Partnership with Fincentric’s Wealthview Banking
Vancouver, BC, March 30,
2005 – Fincentric is excited to announce that after
several months of vendor evaluations and technology assessments,
British Columbia-based Envision Financial and Alberta-based First
Calgary Savings are proceeding with plans to license Fincentric’s
Wealthview Banking™ system as their joint, common banking
platform. The principal commercial arrangements for licensing Wealthview
Banking have been finalized between the three parties.
This announcement follows on the heels of the
December 2004 announcement, where Envision Financial and First Calgary
revealed plans to move ahead on a first-of-its-kind inter-provincial
partnership. This initiative, known as the Pathways Project, provides
a detailed and compelling business case that explores the feasibility
of creating a financially strong, member-focused partnership for
Canadians. One of the initial steps in making the Pathway Project
a reality is having a common banking system platform.
“Our announcement with Fincentric brings
us one step closer to making the unique partnership between First
Calgary Savings and Envision Financial a reality,” said First
Calgary Savings president and CEO Dave Gregory. “We’re
moving forward with Fincentric because of their outstanding 20-year
reputation in the Canadian marketplace with roots in developing
innovative core banking solutions specifically tailored for Canadian
credit unions.”
“We have long known the value Fincentric
brings to the table,” said Envision Financial president and
CEO Gord Huston. “Envision has been running Wealthview Banking
since 2002. We have every confidence that Fincentric will continue
to meet our IT vision and fulfill our needs in future endeavors.”
“The selection of Wealthview Banking over
other solutions by First Calgary continues to reflect the strength
of our Canadian core banking solution,” said Alice Laberge,
Fincentric president and CEO. “This signals Envision Financial
and First Calgary’s clear commitment to finalizing a plan
and agreement for the implementation of Wealthview Banking in support
of their joint venture initiative—an exciting event for the
Canadian financial services landscape.”
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 Microsoft, Intel, HP, and other international partners and
supports financial institutions in over 25 countries. For more information,
call 604.278.6470.
For more information about the Pathways Project,
visit www.gopathwaysproject.com
For more information about Envision Financial, visit
www.envisionfinancial.com
For more information about First Calgary Savings,
visit www.firstcalgary.com
Media Contacts:
Shella Evangelista
Tel: (604) 214-5710
Fincentric
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