Solutions Only Financial Technologies Inc.

Solutions Only Financial Technologies Inc.

October 20, 2010 15:00 ET

Kootenay Savings Union Goes Live With Solutions Only Financial Technologies' Harmony Software for Membership Origination

Solution Helps Credit Union Move to Faster Full Membership Creation While Keeping Relationships Top of Mind

TRAIL, BRITISH COLUMBIA--(Marketwire - Oct. 20, 2010) - Kootenay Savings Credit Union of Trail, British Columbia goes live with Solutions Only Financial Technologies' Harmony Membership Origination system.

A leader in British Columbia's Kootenay region financial services, the near $840 million asset community credit union required an intuitive, user-friendly solution capable of maximizing time and accuracy in the membership origination process, whilst setting the stage to further enhance retention and growth of member relationships.

"Maximizing the relationship process and experience is a perennial strategy at Kootenay Savings. And the membership origination process is critical step in that. Harmony was a natural choice. It's a solution that will enable us to process new memberships more quickly and accurately whilst enabling relationship building opportunities," said Sandi MacArthur, vice president information technology and project management of Kootenay Savings Credit Union. "More importantly, we chose a collaborative partner who shares our values."

"Particularly in today's economy, financial institutions like Kootenay Savings Credit Union are looking for ways to deliver a competitive range of retail banking services, as well as a superior member experience," said Clyde Monk, CEO and founder of Solutions Only Financial Technologies Inc. Harmony delivers that unique competitive edge. "We're delighted to help support Kootenay Savings' strategic goals with our business process software solutions."

Since 2004, the Harmony Suite of business process software products has served the needs of North American credit unions from $500 million to more than $10 billion in assets.

About Kootenay Savings Credit Union

Kootenay Savings, with Corporate Offices in Trail, is a member-owned full service financial institution with thirteen branches throughout the Kootenays, over $836 million in assets, 41,000 members and over 270 employees.

In addition to leading-edge banking products and services, Kootenay Savings delivers wealth management strategies including life insurance through its wholly owned subsidiary, Kootenay Savings MoneyWorks and auto and general insurance through Kootenay Insurance Services; a partnership of Kootenay Savings, Nelson & District, and East Kootenay Community Credit Unions.

About Solutions Only Financial Technologies Inc.

Based in Vancouver, Canada, Solutions Only Financial Technologies Inc. are leaders in business process products that maximize productivity, accuracy, and the point of sale experience for credit unions and the wider financial sector in Canada, the US and Europe.

Driven by a mantra to deliver tailor-made software at off-the-rack pricing, Solutions Only Financial Technologies Inc. blends talent, business collaborations, and organizational agility to deliver transformational products that rejuvenate business processes, user experience, efficiency, and accuracy - thus representing a high value to its partners, and their customers.

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