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.
Since 2018 Concentra Bank has been expanding beyond its role as the leading wholesale bank for Canadian credit unions to encompass specialised retail and commercial banking. Concentra has a long track record of collaboration with fintechs to offer innovative products and it plans to introduce further digital innovation to the Canadian market through future partnerships. Concentra’s 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.
“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.”