Fincentric Corporation

Fincentric Corporation
First Calgary Savings

First Calgary Savings

October 05, 2005 12:00 ET

First Calgary Savings Selects Fincentric-Joining the Largest Credit Union Network in Canada

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 5, 2005) - Fincentric Corporation welcomed today First Calgary Savings to its community-the biggest network of the largest asset-sized Canadian credit unions using core banking solutions from a single vendor. Among a field of top competitive systems, Fincentric's Wealthview Banking™ was chosen by Alberta-based First Calgary Savings as the joint, common banking platform for their first-of-its-kind inter-provincial venture with British Columbia-based Envision Financial. Systems implementation and integration are currently underway.

First Calgary Savings is the largest credit union in Calgary, serving nearly 100,000 member-owners through 15 branch locations, a commercial lending facility, one 2 one Financial Consulting, and a locally-based contact centre. With their innovative project with Envision Financial, they needed a more flexible banking platform that could meet the challenges of the new initiative as well as accommodate long-term growth.

"We reviewed many banking systems, both domestic and international, and after a diligent thorough analysis, we chose Fincentric. We need a system and a partner vendor we can trust and rely on-we found that in Fincentric and Wealthview Banking," said Dave Gregory, First Calgary Savings President and Chief Executive Officer. "Wealthview Banking is a reliable, stable and powerful system that has a proven successful track record in the Canadian credit union marketplace. Add to that Fincentric's roots of developing Canadian banking solutions specifically for Canadian credit unions and their 20 plus years of outstanding reputation supporting Canadian credit unions-that says it all."

Wealthview Banking will become an important technology platform as First Calgary Savings and Envision Financial work to bring their collective partnership, referred to as the Pathways Project, to life.

The Wealthview Banking system, currently being used by Envision Financial, provides comprehensive applications for deposits, payments, and consumer lending with real-time transaction processing, and integration across multiple delivery channels including branch, ATM, telephone, Internet banking and wireless portals. Continued Gregory, "Not only will Wealthview Banking's functionality enhance our member-owners' experience at all points of contact, but it will enable us to deepen our relationships with member-owners through increased productivity, and automation."

"Fincentric has led the Canadian credit union industry in retail banking software design and innovation for more than 20 years," said Robert Nygren, CEO and President of Fincentric. "We are extremely honoured and proud to be part of this revolutionary milestone with First Calgary Savings and Envision Financial. We look forward to a successful partnership."

About First Calgary Savings

First Calgary Savings is in the business of people - specifically, helping member-owners achieve their financial goals and dreams. Through interpersonal connection with member-owners, First Calgary Savings employees cultivate meaningful relationships grounded in the credit union's vision and three core values.

Recognizing member-owners require a myriad of choices when it comes to managing personal finances, First Calgary Savings offers a complete line of financial products and services, and builds upon strategic partnerships and alliances to streamline an array of services to member-owners.

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 25 countries.

Related Web sites:

First Calgary Savings: www.1stcalgary.com

Pathways Project: www.gopathwaysproject.ca

Fincentric Corporation: www.fincentric.com

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