The core banking system is at the heart of your financial institution. With all customer transactions and customer services enabled through your core system, it must remain running, responsive, and competitive at all times. As consumers are asking for more convenience than ever before, your banking system must even run 24 hours a day, 7 days a week to support Internet banking, global operations, and real time transactions via ATM, Internet, phone, debit cards.
With competition growing and putting additional pressures to roll out new products fast to maintain market share, an outdated architecture of the core banking system could be a bottleneck. An up-to-date, modern system gives you the flexibility to get a product to market in days or weeks.
Older, legacy systems were designed to do transactions well. Today's executives of financial services institutions use data to make business decisions and are asking their IT teams to provide systems that also generate meaningful data to support their business decisions.
In working with IT professionals like you, we found that a key business requirement is an efficient IT cost structure. Understandingly, with more pressures to deliver to the bottomline, cost savings are on the agenda of most financial services executives today. With a modern core banking application, you receive a smaller footprint architecture, cost-effective hardware, and a high-level of integration of processes within one system to help you streamline your IT operations.
If you feel the challenges of running a system with less flexibility than your business requires, but shun changes because the prospect can be overwhelming, that is normal and healthy. We recommend that you call Fincentric at 1-800-667-1185 (Canada and U.S.)
+1-604-278-6470 (International). Our expertise in over 250 banking system conversions will give you and your team the peace of mind and comfort to get started.
Why not harness the power of newer IT architecture that is fast, high-performance and flexible, allows "one version of the truth" throughout a system in real time to drives customer penetration and market share?
Let us focus on your technology, while you take care of your customers, employees and shareholders.
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A 20-year partnership
Island Savings Credit Union, Canada, BC, has taken advantage of Fincentric core banking technologies since 1987. They grew with our evolving technologies to $3 billion in assets today.
Check out an interview with Darrell Jaggers, Vice-President of Information Systems, Island Savings Credit Union
Prospera Credit Union successfully upgraded its system & prospered
When Prospera Credit Union decided to support its growth plans and member initiatives with a new core retail banking system from Fincentric, it became the world's first financial institution to put Wealthview Banking to the test.
Today, Prospera is the 4th largest Canadian credit union with 60,000 members and combined assets of more than $2.288 billion, compared to approximately $900 million prior to its merger in 2001. Read case study
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