Fincentric Corporation

Fincentric Corporation
Bridgewater Bank

Bridgewater Bank

June 01, 2006 07:00 ET

Bridgewater Bank Goes Live with Fincentric's Wealthview Banking in Partnership with TELUS

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 1, 2006) - Fincentric Corporation, a leading global provider of core retail banking software to financial institutions, and TELUS today announced that Bridgewater Bank is running live with Fincentric's Wealthview Banking™ system following a four month implementation. Bridgewater Bank has successfully launched Fincentric's best-of-suite solution to offer enhanced financial products and services to their growing client base.

"Fincentric has been instrumental in customizing a solution that fits our needs," says Peter O'Neill, Vice President and General Manager of Bridgewater Bank. "The launch of Wealthview Banking was delivered on schedule and is an important step in our strategic plan to improve sales and differentiate our services."

The implementation of Wealthview Banking allows Bridgewater Bank to enhance customer service through the provision of deposits and other financial offerings. Fincentric's banking system, in combination with TELUS' IT consulting services, enables Bridgewater Bank to continue to expand their product line, starting with the introduction of Guaranteed Investment Certificates.

"Our ability to implement the Bridgewater Bank system on budget and within a four month schedule is testament that we have a proven methodology to get non-traditional banks up and running in a predictable time frame," said Robert Nygren, President & CEO of Fincentric Corporation. "We've worked closely with the team at Bridgewater Bank to help roll-out a banking system that allows them to meet the specific needs of the markets they are targeting."

Fincentric and TELUS continue to partner to provide Bridgewater Bank with a first-class solution including systems consulting, integration and software licensing. TELUS has provided support services to Bridgewater Bank's implementation of the Wealthview Banking system.

"Bridgewater Bank's technology needs will be met by a business solution backed by TELUS. We'll compliment Fincentric's Wealthview Banking software by providing state-of-the-art technology, supplying a communications solution that will deliver a superior customer experience," said Monty Carter, Managing Director, TELUS Business Solutions. "In turn, Bridgewater will be able to better meet the financial demands of its growing customer base across Canada."

This partnership supports Bridgewater Bank's business plan to develop enhanced financial products and services for distribution to Canadians including the Alberta Motor Association's (AMA) more than 750,000 members. Bridgewater Bank has a national presence with offices located in Vancouver, Calgary, Edmonton, Toronto, Ottawa, and Halifax.

About Bridgewater Bank

Bridgewater Bank, Canada's newest federally legislated bank is a wholly owned subsidiary of the Alberta Motor Association (AMA). Based in Calgary and in business since 1997, Bridgewater Bank has built a reputation for specializing in competitive rate mortgage financing. With $1.5 billion under administration and over 12,000 clients, Bridgewater Bank will continue to exceed the financial needs of our customers with enhanced offerings to include deposits and other full service banking products. For further information, please visit our website at www.bridgewaterbank.ca.

About TELUS

TELUS (TSX:T)(TSX:T.A)(NYSE:TU) is a leading national telecommunications company in Canada, with $8.2 billion of annual revenue and 10.3 million customer connections including 4.6 million wireless subscribers, 4.7 million wireline network access lines and 1.0 million Internet subscribers. The company's strategic intent is to unleash the power of the Internet to deliver the best solutions to Canadians at home, in the workplace and on the move. TELUS provides customers with a wide range of wireline and wireless communications products and services including data, Internet protocol (IP), voice, entertainment and video services. 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 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.

™Fincentric and Wealthview Banking are trademarks owned by Fincentric Corporation, used under license. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.


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