(September 25 – 12:30 ET) – Pacific & Western Trust Corp. says that it has developed an ebanking module designed to give financial planners across Canada easy access to a variety of financial products.
Pacific & Western Trust has selected Winnipeg based Rice Financial Group Inc. to pilot its ebank. Rice Financial, with over 140,000 clients, is one of Canada’s largest independent fully integrated retail financial services companies.
David Taylor, president and CEO of Pacific & Western said that “we are a branchless financial institution that relies on a large network of financial planners and deposit brokers to distribute our products and services. The introduction of ebanking capability will significantly streamline our administration processes and allow us to expand our product offering — one of the first products we plan to offer is a high interest daily interest savings account complete with bill payment facility.”
He also commented that “arming financial planners with a variety of competitively priced financial products will greatly enhance their ability to compete with the big banks – and it’s a perfect partnership for Rice Financial and us”.
Tom Rice, president and CEO of Rice Financial said that “he is pleased to be able to offer his clients one of Canada’s leading daily interest savings accounts and is excited about the prospect of being the first independent financial services company in Canada to give our clients access to ebanking services.”
-IE Staff