Selient & Fincentric
Announce Strategic Alliance Agreement
Vancouver, BC, March 8, 2006 –
Selient Inc. (TSX Venture: HTI) and Fincentric Corporation announced
a strategic alliance today. The agreement enables Fincentric to
market Selient’s products in the Canadian and US marketplace
and accelerates Selient’s integration with Fincentric’s
core retail banking system, Wealthview BankingTM. The combined solution
will deliver a Canadian-based, fully integrated loan origination
and retail banking system.
The companies will also jointly participate
in future product development, align development processes including
integrated quality control environments, coordinate product releases,
and allow each other to take advantage of new product functionality.
“We are delighted that Fincentric
has chosen Selient’s product suite to promote to the Canadian
financial services marketplace,” said Bryan McCaw, Selient’s
President and CEO. “It’s a solid endorsement of our
company and technology. We welcome this alliance because it shows
that Fincentric is committing its resources to differentiate its
core product in order to more effectively meet their customer's
needs, today and into the future.”
Mr. McCaw continued, “The agreement
will create new revenue opportunities for Selient. Fincentric will
be promoting our consumer lending and new commercial lending software.
Fincentric is one of the leading banking system providers in Canada
serving nearly fifty percent of the largest and most progressive
credit unions in the country. We are pleased to be working closer
with them.”
“We are delighted to be working
with Selient as they are the leaders in lending software in the
credit union market,” said Robert Nygren, President and CEO
of Fincentric. “This new partnership reflects our commitment
to provide enhanced products and services to innovative financial
institutions. We look forward to the tremendous benefits in the
seamless integration of both systems. Our customers will ultimately
benefit as our combined offering allows both organizations to continue
to focus on what they do best.”
About Selient Inc.
Selient Inc. specializes in Internet-delivered lending
software targeting financial institutions. The Company's products
and services in Canada include ProLender, a web-based, loan origination
system, ProLender Business Edition, a commercial lending system
and credit risk decisioning services. The company has two products
targeting the US market, Selient-LoanStation, a leading lending
solution and Selient-PLUS a web-based, lending, up-sell and cross-sell
product. ProLender is the most popular lending solution for Canadian
credit unions. The common shares of Selient are listed on the TSX
Venture Exchange under the symbol HTI. More information is available
at www.selient.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:
Bryan McCaw
President & CEO
416.234.0098 x212
Steve Mosey
Fincentric Corporation
Tel: 604.214.5722
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