December 12, 2009
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.
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.