The agreement enables Fincentric to market Selient's products in the Canadian and US marketplace and accelerates Selient's integration with Fincentric's core retail banking system, Wealthview Banking. The combined solution will deliver a Canadian-based, fully integrated loan origination and retail banking system.

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.

"We are delighted that Fincentric has chosen Selient's product suite to promote to the Canadian financial services marketplace," said Bryan McCaw, Selient's President and CEO. "It's a solid endorsement of our company and technology. We welcome this alliance because 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."

Mr. McCaw continued, "The agreement will create new revenue opportunities for Selient. Fincentric will be promoting our consumer lending and new commercial lending software. Fincentric is one of the leading banking system providers in Canada serving nearly fifty percent of the largest and most progressive credit unions in the country. We are pleased to be working closer with them."

"We are delighted to be working with Selient as they are the leaders in lending software in the credit union market," said Robert Nygren, President and CEO of Fincentric. "This new partnership reflects our commitment to provide enhanced products and services to innovative financial institutions. We look forward to the tremendous benefits in the seamless integration of both systems. Our customers will ultimately benefit as our combined offering allows both organizations to continue to focus on what they do best."