Fincentric Corporation

Fincentric Corporation
Selient Inc.
TSX VENTURE : HTI

Selient Inc.

June 29, 2005 10:36 ET

Selient 'Formerly Homebank Technologies' and Fincentric Partner

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 29, 2005) - Fincentric Corporation and Selient Inc. (TSX VENTURE:HTI) -

Integrated Technology Delivers Transparent Banking Solution and Services for Credit Unions across Canada

Selient Inc., formerly HomeBank Technologies Inc. and Fincentric Corporation formed an alliance today. The alliance will result in a direct interface between Selient's loan origination and processing system, ProLender, and Fincentric's core retail banking system, Wealthview Banking™- delivering a Canadian-based, fully integrated loan origination and retail banking solution.

The alliance will allow Wealthview Banking customers to benefit from tighter integration between the two products with regular ProLender feature enhancements, and technical support for both products from Fincentric. It will also allow credit unions to take advantage of product enhancements sooner, improving operational efficiency while reducing the costs of migration.

"Formalizing a relationship with Selient ensures Fincentric's ability to provide increased customer service and response levels for our current product offering including ProLender," said David Fleming, Fincentric's Chief Technology Officer. "Common and new credit union customers may now have Fincentric as their single point of contact for support, instead of managing multiple vendors for their ancillary solutions."

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.

"This strategic alliance reflects the continuing rationalization in the Canadian credit union market. Those credit unions looking to grow and thrive are choosing more efficient tools and partners who are willing to forgo traditional delivery models and concepts of 'control'. This approach allows for the rapid and cost effective deployment of technologies to more effectively meet credit union needs in a highly competitive market," said Bryan McCaw, Selient's President and CEO. "Our organization welcomes alliances like the one with Fincentric as 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. Fincentric is one of the leading banking system providers in Canada serving nearly fifty percent of the largest and progressive credit unions in the country. We are pleased to be working closer with them."

"We are delighted to be working with Selient. They are the leaders in lending software with close to twenty five percent of total Canadian credit union assets using ProLender," continued Fleming. "This new alliance reflects our commitment of continuously providing enhanced products and services to credit union customers. We are committed to Selient and look forward to the tremendous benefits in the seamless integration of the two systems."

About Selient

Selient Inc., formerly HomeBank Technologies Inc., specializes in Internet-delivered application software targeting the North American financial institutions market. The Company's products and services include ProLender, a web-based, loan origination system, LoanStation, a leading lending solution targeting the US market and credit risk consulting and decisioning services. As well, the company has recently announced two new products: ProLender Business Edition, a commercial lending product for the Canadian market and PLUS, a cross-sell, lending product for the U.S. market. ProLender is the most popular lending solution for Canadian credit unions with over 60 credit unions using the product. The common shares of Selient are listed on the TSX Venture Exchange under the symbol HTI. More information is available at www.homebank.net and 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 Microsoft, Intel, HP, and other international partners and supports financial institutions in over 25 countries. For more information, call 604.278.6470 or visit www.fincentric.com.

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