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Details on Concentra Bank's new core banking and online platforms
September 19, 2021
4:50 pm
Doug
British Columbia, Canada
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Concentra Bank put out a press release in March 2021 announcing the selection of Intellect Design Arena Ltd's Intellect Digital Core Banking "cloud-first, API-driven" product solution as its combination core banking system and online banking platform, hosted by and in Microsoft's Azure cloud services platform.

Details here:

https://www.intellectdesign.com/retail-banking/digital-core-banking-solution/

Press release:

https://www.newswire.ca/news-releases/concentra-bank-selects-intellect-to-power-its-digital-first-specialized-banking-on-microsoft-azure-884236125.html

We're about to see the manifestation of that.

As this will be a complete migration of both core banking system and online banking platform, be sure to download any online transaction histories and e-Statements, as these are not likely to be migrated (outside of the past 90 days or so). Actually, Concentra doesn't even offer e-Statements; only transaction histories and only for the current year.

This will be a first for Canada and Canadians as no other financial institution in Canada, as far as I'm aware, uses the Intellect core banking system and online banking platform.

Cheers,
Doug

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