Fincentric Corporation

Fincentric Corporation
Credit Union Central of British Columbia

Credit Union Central of British Columbia

August 16, 2005 07:00 ET

Credit Union Central of British Columbia and Fincentric Corporation: Two Prominent B.C. Organizations Forge Canadian Alliance

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 16, 2005) -

Credit Union Central of British Columbia and Fincentric Integrate Solutions for Optimum Web Banking Solution

Credit Union Central of British Columbia (Central) and Fincentric Corporation announced a non-exclusive alliance today. The alliance will result in a direct technical interface between Central's web banking solutions, MemberDirect® Services, and Fincentric's core retail banking system, Wealthview Banking™-delivering an optimal, fully integrated online banking solution.

With a formal relationship in place, mutual credit union customers will benefit from a tighter integration between the two products. Credit unions will also be able to take advantage of those product enhancements sooner, improving operational efficiency while reducing the costs of migration from one version to the next.

In addition, customers will receive improved, transparent technical support services. "Central and Fincentric already work together in response to the needs of common clients, but in the absence of any formal relationship between the two parties, a credit union can find that it must act as a conduit for communication between our two organizations, which is often not the most efficient process," said David Sherwood, Central's Manager, Web Banking Services. "In making a commitment to work together on areas ranging from product development to operational support issues, the credit union is better served and both Central and Fincentric are able to respond faster."

As part of the agreement, Central and Fincentric will align development processes including integrated quality control environments, share information on product releases, and allow each other to take advantage of new product functionality.

"Central's MemberDirect Online Services is the leading internet banking solution for Canadian credit unions. It is no surprise that credit unions across Canada turn to Central for leadership and direction when integrating the Internet with banking operations such as bill payments, cash management, clearings, and document management," said Robert Nygren, president and CEO of Fincentric. "Our alliance with Central is extremely valuable for our clients as it ensures Fincentric is aligned with Central's vision and in synch with their technology roadmap at all times."

About Credit Union Central of British Columbia

Credit Union Central of British Columbia (www.cucbc.com) is the central banking facility and trade association for the province's 53 independent credit unions. As the "umbrella organization", Central represents a consumer-oriented, full-service retail financial system that serves nearly 1.5 million members and holds $32 billion in assets.

Central itself has some $4.1 billion in assets. From its offices in Vancouver, B.C., 300 employees provide a wide range of services to credit unions, including payments settlement, liquidity management and trade association functions.

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, TELUS, and other international partners and supports financial institutions in over 25 countries. For more information, call 604.278.6470 or visit www.fincentric.com.

MEMBERDIRECT & Design are registered trademarks owned by Credit Union Central of Canada, used under license.

Fincentric, Wealthview, and Wealthview Banking are trademarks of Fincentric Corporation.

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