Canada-based Concentra Bank has selected Intellect’s cloud-native platform to power its new digital banking strategy on Microsoft Azure.
Concentra says that it aims to “become the leading mid-market digital bank” in Canada, “providing specialised banking products and services to consumers, businesses, fintechs and credit unions”.
“Companies like Concentra and Intellect are furthering the digital innovation of the financial sector,” said Suzanne Gagliese, One Commercial Partner lead at Microsoft Canada. “Concentra's new digital banking platform transforms the customer experience with the flexibility, power and reliability that Microsoft Azure provides.”
By working with Intellect and in the cloud, the bank intends to further its collaboration with fintechs to offer new products and drive digital innovation. Concentra says that the 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”.
“In the future, Canadians will bank in a different way,” said Don Coulter, president and CEO of Concentra Bank. “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.”