Bridgewater Bank, a federally regulated financial institution and subsidiary of the Alberta Motor Association (AMA), announced that it has selected Fincentric Corporation’s Wealthview Banking™ to provide greater value added services to its customers. Fincentric and TELUS will partner to provide Bridgewater Bank with a first-class solution including systems consulting, integration and software licensing. This partnership creates an opportunity for Bridgewater Bank to offer enhanced financial products and services to AMA’s more than 748,000 members.
"We look forward to a strategic business partnership with Fincentric and TELUS, who have demonstrated their ability to deliver leading edge technology and a truly Canadian banking system solution," says Peter O’Neill, Vice President and General Manager of Bridgewater Bank. "This agreement will allow us to expand our current product set in order to meet the financial demands of our growing customer base across Canada."
The implementation of Wealthview Banking allows Bridgewater Bank to enhance customer service through the provision of deposits and other financial offerings. Bridgewater Bank currently specializes in competitive mortgage financing for more than 12,000 customers Canada-wide and holds a portfolio of $1.5 billion in mortgages.
"We are very pleased that Bridgewater Bank has selected Fincentric and TELUS to help the newly formed bank expand its business in the Canadian financial services market," said Robert Nygren, President & CEO of Fincentric Corporation. "The proven combination of TELUS’ application management expertise and our highly flexible retail banking platform will allow Bridgewater Bank to bring new financial products to market quickly."
As part of the agreement, TELUS will provide IT consulting services, including Tier 2 application support, for Bridgewater Bank’s Wealthview Banking system.
"This offering goes to the heart of Bridgewater Bank’s needs by supplying a proven and reliable banking solution built to manage and extend customer relationships," said Monty Carter, Managing Director, TELUS Business Solutions. "Combining the technology and application management expertise of TELUS with world-class banking software from Fincentric, delivers real business value for Bridgewater Bank by expanding its existing applications to deliver new products and services to the Canadian marketplace."