Bridgewater Bank Announces
Agreement with Fincentric & TELUS
Vancouver, BC, March 15, 2006 –
Bridgewater Bank, a federally regulated financial institution and
subsidiary of the Alberta Motor Association (AMA), announced that
it has selected Fincentric Corporation’s Wealthview Banking™
to provide greater value added services to its customers. Fincentric
and TELUS will partner to provide Bridgewater Bank with a first-class
solution including systems consulting, integration and software
licensing. This partnership creates an opportunity for Bridgewater
Bank to offer enhanced financial products and services to AMA’s
more than 748,000 members.
“We look forward to a strategic business
partnership with Fincentric and TELUS, who have demonstrated their
ability to deliver leading edge technology and a truly Canadian
banking system solution,” says Peter O’Neill, Vice President
and General Manager of Bridgewater Bank. “This agreement will
allow us to expand our current product set in order to meet the
financial demands of our growing customer base across Canada.”
The implementation of Wealthview Banking allows
Bridgewater Bank to enhance customer service through the provision
of deposits and other financial offerings. Bridgewater Bank currently
specializes in competitive mortgage financing for more than 12,000
customers Canada-wide and holds a portfolio of $1.5 billion in mortgages.
“We are very pleased that Bridgewater Bank
has selected Fincentric and TELUS to help the newly formed bank
expand its business in the Canadian financial services market,”
said Robert Nygren, President & CEO of Fincentric Corporation.
“The proven combination of TELUS’ application management
expertise and our highly flexible retail banking platform will allow
Bridgewater Bank to bring new financial products to market quickly.”
As part of the agreement, TELUS will provide IT
consulting services, including Tier 2 application support, for Bridgewater
Bank’s Wealthview Banking system.
“This offering goes to the heart of Bridgewater
Bank’s needs by supplying a proven and reliable banking solution
built to manage and extend customer relationships,” said Monty
Carter, Managing Director, TELUS Business Solutions. “Combining
the technology and application management expertise of TELUS with
world-class banking software from Fincentric, delivers real business
value for Bridgewater Bank by expanding its existing applications
to deliver new products and services to the Canadian marketplace.”
About Bridgewater Bank
Bridgewater Bank, a new federally regulated financial institution
effective January 1, 2006, is based in Calgary and owned by the
Alberta Motor Association (AMA). In business since 1997, Bridgewater
has built a reputation for specializing in competitive mortgage
financing for it’s more than 12,000 customers across Canada.
With $1.5 billion in mortgages under administration, planned enhancements
include the introduction of deposits and other innovative banking
products and services. Visit us at www.bridgewaterbank.ca.
About TELUS
TELUS (TSX: T, T.NV; NYSE: TU) is the largest telecommunications
company in Western Canada and the second largest in the country,
with $8.1 billion of annual revenue, 4.7 million network access
lines and 4.5 million wireless customers. The company provides customers
with a full range of telecommunications products and services including
data, voice and wireless services across Canada, utilizing next
generation Internet-based technologies. For more information about
TELUS, please visit www.telus.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 20 countries.
Media Contacts:
Colleen Fortuna
Bridgewater Bank communications
Tel: 403.413.1358
Kelly Vail
AMA corporate communications
Tel: 780.430.5541
Allison Vale
TELUS External Communications
416.629-6425
Steve Mosey
Fincentric Corporation
Tel: 604.214.5722
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