First Calgary Savings has successfully converted to Fincentric's Wealthview Banking system.
First Calgary Savings chose Fincentric, a leading global provider of retail banking software, as a technology partner to support its aggressive growth plans.
First Calgary Savings, which achieved Platinum Club member status with Canada's 50 Best Managed Companies program by retaining their Best Managed designation for more than six consecutive years, required a high-performance banking system with a proven track record to meet its current business initiatives. In addition, First Calgary Savings needed a system that would support their growth plans within a shared services infrastructure, together with B.C.-based Envision Financial Credit Union.
Fincentric Wealthview Banking now supports nearly 100,000 First Calgary Savings member-owners and 16 branches throughout Calgary. Fincentric's core banking software is currently used daily by almost 50 per cent of the top 25 largest credit unions in Canada.
"The recent conversion went very well," says Pat Konoff, Assistant Vice President and Conversion Project Manager for First Calgary Savings. "We were impressed by the Fincentric team's enthusiasm, dedication and ability to work extremely hard to make the entire implementation a success for our team and our member-owners."
Using the Wealthview Banking system, First Calgary Savings will continue to offer its member-owners safe, reliable and competitive financial services and products. The Fincentric system integrates in-branch, ATM, telephone and Internet systems in real time and provides a single consolidated view of existing accounts and products for each member.
"We chose Wealthview Banking because it is flexible and can grow with our changing member-owner needs," says Konoff.
The integration of Wealthview Banking further enables First Calgary Savings to set a common technology foundation for its Pathways Project, the inter-provincial partnership with Envision Financial. Through a shared service provider, called inUnison, this partnership allows the two credit unions to create a shared back-office infrastructure to reduce their IT costs, share knowledge and expertise, and implement innovative financial products faster, while offering member-owners improved access to banking services through shared branches.
"Looking forward, inUnison will expand its services beyond First Calgary Savings and Envision Financial. We are aimed to be a credit union service organization. Our goal is to help other credit unions contain costs and maintain competitive pricing, share financial products and services, and access new technologies," says Jeff Connery, Chief Information Officer of First Calgary Savings. "Fincentric is a strategic part of our inUnison growth plans. Fincentric Wealthview Banking gives us a flexible and open technology platform that scales and integrates very well."
Through its XML-based gateways, Wealthview Banking provides integration with CRM, data warehousing, collections and credit recovery and business intelligence systems.
"The decades of expertise that Fincentric employees have with Canadian credit union technologies give us added comfort and trust," Connery adds.
"Excellent leadership, member-owner and employee focus have helped First Calgary Savings stay at the forefront of innovation and thought leadership in the Canadian financial services market. There is nothing more rewarding for Fincentric than seeing our customers succeed," says Robert Nygren, Chief Executive Officer of Fincentric Corporation. "At Fincentric we believe that innovation lies with our customers and the financial products and services that they offer to consumers. Our progressive and constantly evolving technologies are open, flexible tools that open up the path to financial services innovation for our customers."