Intellect’s integrated Digital Banking Platform will enable shift toward open banking. It will also offer end-to-end lifecycle management for high-interest savings accounts, mortgage lending, specialised commercial lending, and digital trust solutions.
After a rigorous process, Concentra Bank has selected Intellect’s cloud-native, digital banking platform to power its exciting new digital banking strategy.
Concentra’s vision is to become the leading mid-market digital bank in the country, providing specialised banking products and services to consumers, businesses, fintechs and credit unions. Its new banking platform will underpin its value proposition of being a seamless, helpful digital banking experience for its customers, while offering broader products and services for Canada’s credit unions.
Concentra was impressed by the business acumen and formidable range of digital capabilities Intellect offers, which are designed and packaged into an API-first, composable, cloud-native digital banking platform that will be deployed on Microsoft Azure.
“In the future, Canadians will bank in a different way,” said Don Coulter, President & CEO of Concentra Bank. He added, “They will expect digital-first, seamless experiences, with robust and transparent data to help them be successful. Intellect’s digital banking will help us deliver a helpful, frictionless digital experience. Our purpose is creating the future of banking to enable your success and that’s very exciting.”
‘’Right from the very first interaction, we were enthused with the deep synergies in the thinking and approach of Concentra and Intellect,” said Rajesh Saxena, CEO, Intellect Global Consumer & Commercial Banking. “We support Concentra’s digital-first banking vision. With Intellect’s digital banking platform, Concentra will be able to offer end-to-end lifecycle management for high-interest savings accounts, mortgage lending, specialised commercial lending, and digital trust solutions,” he added.
“Companies like Concentra and Intellect are furthering the digital innovation of the financial sector,” said Suzanne Gagliese, One Commercial Partner lead, Microsoft Canada. “Concentra’s new digital banking platform transforms the customer experience with the flexibility, power and reliability that Microsoft Azure provides.”