TELUS Corporation and Fincentric Corporation
have partnered to provide systems consulting, integration, hosting and
software licensing and support in a seven-year agreement with Envision
Credit Union, Canada’s fourth largest credit union.
TELUS and Fincentric will provide a banking solution through a single
banking platform that integrates in-branch, ATM, telephone and Internet
systems for Envision’s 100,000 members. Value of the agreement is not being
disclosed.
“By combining the technology and application management expertise of TELUS
with world-class banking software from Fincentric, we are able to create a
first-class banking solution for our membership as a whole,” says Gord
Huston, Envision CEO. “Our partnership with TELUS and Fincentric has created
the optimal balance of banking system functionality, flexibility,
extensibility and reliable operation while at the same time managing the
cost of technology to Envision.”
TELUS will provide systems integration and consulting services to transition
Envision from multiple banking system providers to a state-of-the-art
technology solution, powered by Fincentric’s i-Wealthview Banking(tm)
platform. TELUS will also support Envision’s technology and information
systems team with a complete suite of banking system management services
ranging from ongoing systems integration and consulting services,
application management and enhancement services, systems operation and
technology management, telecommunication network provisioning and
management.
“This agreement provides TELUS with an opportunity to demonstrate our
ability to deliver a truly integrated solution for Envision’s business
needs,” says Garry Rasmussen, president and CEO of TELUS Enterprise
Solutions.
Fincentric’s i-Wealthview Banking(tm), is a customer-centric front-to-back
office banking system for financial institutions. It offers comprehensive
applications for deposits, payments, and consumer lending with integration
across multiple delivery channels, including, branch, ATM, telephone and
Internet banking. i-Wealthview Banking(tm) features Customer Value
Management(tm) capabilities that enable the institution to analyze the value
of each member, formulate strategies to maximize their value, and improve
retention levels of their membership.
“Envision is a forward-thinking credit union that places the needs of its
membership first. i-Wealthview is a member-centric banking system that will
enable Envision to develop lifetime member relationships,” says Mike
Cardiff, president and CEO of Fincentric. “We are pleased to team with TELUS
to provide Envision with a solution that will enable the credit union to
match its products and services to its members’ needs.”
About Envision Credit Union
Envision Credit Union is a full-service credit union, created in 2001 from
the amalgamation of FIRST Heritage Savings Credit Union and Delta Credit
Union. Envision Credit Union, with over $2 billion in assets and 100,000
members, operates 18 credit union branches and 16 insurance offices
throughout British Columbia’s Lower Mainland and Fraser Valley, as well as
north in Kitimat. The credit union offers a full range of deposit, lending,
and insurance services to individuals and businesses. For more information,
visit www.envisionfinancial.ca.
About TELUS
TELUS Corporation (TSE: T, T.A; NYSE: TU) is one of Canada’s leading
telecommunications companies, providing a full range of telecommunications
products and services that connect Canadians to the world. The company is
the leading service provider in Western Canada and provides data, Internet
Protocol, voice and wireless services to Central and Eastern Canada. For
more information about TELUS, visit www.telus.com.
TELUS Enterprise Solutions is the e.business division of TELUS and is a
leading and comprehensive e.business services and Information Technology
(IT) outsourcing services provider.
About Fincentric
Fincentric Corporation is a leading global provider of enterprise wealth
management and core banking software. Fincentric’s i-Wealthview(tm) wealth
management software products include ‘next generation’ core banking,
Customer Value Management(tm), data aggregation, Internet and wireless
financial portals and full multi-channel support. Its revolutionary Customer
Value Management(tm) capabilities provide profitability and relationship
analysis that allow financial institutions to recognize the value of each
customer, and maximize their profitability. Fincentric products enable
financial institutions to quickly deploy solutions for their converging
financial service offerings, while also supporting capabilities for
increasing customer profitability, customer acquisition, and retention.
Fincentric has approximately 300 customers worldwide, and has strategic
relationships with Microsoft, Compaq, and other international partners. For
more information, visit Fincentric’s home page at www.fincentric.com, or
call (604) 278-6470.
