Market Overview

Coast Capital contracts ebankIT to enhance digital banking services to members

Share:

SURREY, British Columbia, July 30, 2018 (GLOBE NEWSWIRE) -- Coast Capital Savings has partnered with innovative digital banking platform provider ebankIT to provide the technology platform to deliver the credit union's website, online banking and mobile banking channel.

"This move supports Coast Capital's goal to become Canada's premier digital credit union," explains Bruce Schouten, Interim President and CEO, Coast Capital Savings. "The needs of our members are changing and so too must our technology."

The decision to partner with ebankIT was made after a comprehensive market evaluation process to find the ideal service provider to help Coast Capital extend the capacity and capabilities to offer leading digital banking solutions that meet changing digital demands.

"With ebankIT's versatile platform and award-winning digital banking experience, we will be able to offer a wide range of exciting new features to Coast Capital members in the future along, with rich security and personalization features," said Jeff Wong, Chief Transformation Officer, Coast Capital Savings. "The ebankIT platform also has the flexibility to integrate with third-party solutions, which will enable Coast Capital to drive ongoing digital channel innovation."

Renato Oliveira, President and CEO at ebankIT, said the company looks forward to the partnership with Coast Capital.

"Our vision at ebankIT is to help organizations like Coast Capital tap the full potential of all the fast-paced innovations available in the quickly shifting technological landscape of banking," Oliveira added that "As we embark on our North American expansion, the ebankIT team is thrilled to support Coast Capital with a robust and scalable platform, featuring our award-winning next generation solutions, coupled with an engaging user experience."

Under the partnership, Coast Capital's digital banking services will transition to ebankIT over the next year.

"While our members will see some changes at the time of the transition to the new platform, minimizing any disruption will be a top priority for the project," Wong said. "We will alert members about changes that might affect them as we get closer to the transition date."

About Coast Capital Savings

Coast Capital Savings is Canada's largest credit union by membership. An Imagine Canada Caring Company, the credit union invested $5.6 million into local communities in 2017, focusing on empowering and engaging youth. Coast Capital is one of Canada's Most Admired Corporate Cultures™, and is a winner of the Canada's Best Managed Companies Platinum Club designation. It has 52 branches serving its 555,000 members in the Metro Vancouver, Fraser Valley, Vancouver Island and Okanagan regions of British Columbia. Product innovations include Canada's first free chequing account from a full-service financial institution. To learn more, visit coastcapitalsavings.com.

About ebankIT

ebankIT is an international company that develops an omni-channel digital banking platform with capabilities to enable banks and credit unions to run lean and smart to innovate fast, and to  be one step ahead at a fraction of the cost, time and effort. ebankIT has been awarded for being one of the Top 10 Global Emerging Stars in "KPMG - H2 Ventures Fintech 100" 2015/16 and named by Gartner as one of 7 Vendors Worldwide that support digital banking across all key areas in the bank enterprise.

For more information:

Erin McKinley
Manager, External Communications
Coast Capital Savings
O: 604.517.7657
erin.mckinley@coastcapitalsavings.com

Primary Logo

View Comments and Join the Discussion!