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Set-up a New Bank

When you set-up a financial institution there are many elements to worry about. From start to finish the process of opening a new bank is one that requires hard work, commitment and patience.

Fincentric understands that running a successful new financial institution takes a great deal of entrepreneurship with multiple steps. We help take care of your technology requirements and provide insight at various steps so that you have more time to focus on your business.

As you develop your business plan and document technology requirements, we recommend that you contact Fincentric at 1-800-667-1185 (Canada and U.S.) +1-604-278-6470 (International), as a resource. We work with your team to provide high-level technology architecture maps and a business process framework. We also help you estimate the investment needed for your success.

Submitting your new bank charter application to the key regulatory body in your country involves solid documentation and research. For example in Canada, the main regulatory body is the Office of Superintendent Financial Institutions (OSFI). Your institution must meet all OSFI criteria of to commence the operation of your bank, trust company or loan company. For more information, you can reach OSFI at 613-990-3590.

As you are ready to work through the implementation of the plan, choosing a technology partner that can get your banking system up and running in a predictable time frame, with minimum risk will help accelerate your time to market.

Plan on Fincentric to support you every step of the way
We offer you:
  • Peace of mind with proven, secure, high-performance technology
  • Confidence by preparing your staff to use the new banking system and serve your customers well from opening day onward. Our professional trainers work with thousands of banking staff worldwide.
  • Speed to market with products and services. Our proven Fincentric Accelerator methodology saves time during banking system implementation and takes the stress away from your project staff.
  • Clear, quantifiable cost savings during implementation. As a new financial institution, we know you need documented business processes to guide your staff's interactions with your customers and the new technology. These documents are often required by regulatory bodies. To learn how to use these business process maps, comply with regulations and save money contact Fincentric at
    1-800-667-1185 (Canada and U.S.)
    +1-604-278-6470 (International)

Solutions
Fincentric Wealthview Banking - high performance core banking system

One of our bank start-up success stories
"In my 28 years in senior roles with some of Canada's largest financial institutions, this implementation ranks as the best to date. Working with Fincentric during the start-up of Bridgewater Bank made the entire experience for our team one to always remember as 'best practices' in project management."
Peter O'Neil, Vice-President & GM, Bridgewater Bank

Bridgewater Bank


Other stories
One of Canada's largest retailers is also working with Fincentric to set-up a retail bank. Contact us to find out more.