Meridian Credit Union uses scalable Fincentric software solution for growing member needs
Vancouver, BC, August 16, 2006 – Fincentric Corporation, a leading global provider of core retail banking software to financial institutions, today announced that Meridian Credit Union has completed a large-scale conversion to Fincentric's core banking system to offer better member services across all channels.
The seamless expansion of database and software matches the growing demand of the third largest credit union in Canada. "Our partnership with Fincentric has given us the software tools we need to better manage and service our 187,000 members," says Steve Gesner, CIO at Meridian Credit Union. "Technology continues to be a significant factor in delivering outstanding relationship service to our members. All of our systems are up and running and we’re very pleased with the deployment of our new banking system from Fincentric, which was accomplished on schedule and within budget."
Meridian Credit Union required a flexible banking platform that met its technology vision as well as its business objectives for industry leading vendor support. Fincentric offered a scalable solution for Meridian's developing needs. Its comprehensive financial software system now provides Meridian Credit Union with a complete front-to-back office banking solution that supports its many delivery channels, including branch, ATM, POS, IVR and Internet services.
In 2005, Meridian was formed with the merger of Niagara Credit Union and HEPCOE Credit Union. The credit union decided to adopt Fincentric's software solution, which is flexible and scalable, and allowed the new credit union to seamlessly integrate and enhance Meridian's overall operations. Fincentric software provides Meridian Credit Union with core banking capabilities, integrated delivery channels and real-time, online transaction processing.
"The success of the conversion reflects our ability to implement large scale banking systems within the Canadian financial services industry," said Robert Nygren, President & CEO of Fincentric Corporation. "We're excited to play a part in Meridian's future growth as they continue to demonstrate leadership within the growing credit union system."
About Meridian Credit Union
Meridian Credit Union is Ontario's largest credit union serving more than 187,000 members throughout Ontario with a full range of banking, wealth management, and credit products and services. With 43 branches and eight Commercial Banking Centres located throughout Ontario, the credit union has more than 900 employees and over $3.5 billion in assets. Meridian invests 4% of pre-tax earnings — more than four times the national average for corporate giving — in the communities where it operates through their Good Neighbour Program. For more information about Meridian Credit Union, please visit www.meridiancu.ca.
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 products, and to develop profitable customer relationships. Fincentric has strategic alliances with TELUS, Microsoft and Intel, and supports financial institutions in over 20 countries. For more information about Fincentric, please visit www.fincentric.com.
Media Contacts:
Scott Windsor
Senior Manager, Corporate Community Relations & Employee Communications
Meridian Credit Union
416-597-5124
scott.windsor@meridiancu.ca
Ruxandra Aldea
Fincentric Media Relations
Tel: 604.214.4988
raldea@fincentric.com
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