Coast Capital Launches Digital Commercial Banking Solution and Renews Long-Term Strategic Partnership With ebankIT

Coast Capital, the largest Canadian federal credit union with 45 branches and nearly $27 billion in assets, serving 600 000 members, has launched its new digital commercial banking platform in collaboration with ebankIT, a global digital banking solution provider as well as renewed its strategic alliance.

Calvin MacInnis, President, Director and CEO at Coast Capital: “Our enduring partnership with ebankIT has been pivotal in the successful launch of our commercial digital banking solution. This innovative platform not only enhances the banking experience for our members but also underscores our dedication to innovation and excellence in digital banking.”

As a top-ranking credit union when it comes to digital banking experience for the past 5 years according to Surviscor, Coast Capital is dedicated to enhancing the lives of its members whether for retail or commercial banking.

The newly launched commercial banking solution brings enhanced flexibility, efficiency, and account management for business members. Facing unique challenges, Coast Capital sought a flexible out-of-the-box solution that addressed commercial banking needs such as account grouping, complex contract management, and a membership-focused approach. With ebankIT’s advanced technology, Coast Capital now offers an optimized digital banking experience tailored specifically for business clients.

Jeff Wong, Chief Digital, Information and Technology Officer for Coast Capital Savings: “Our collaboration with ebankIT has empowered us to create a truly member-focused solution. ebankIT’s Commercial Banking Solution provides Coast Capital members a seamless, business-focused experience. With features like bulk payments, account grouping, and simplified tax filing, the ebankIT platform is helping us elevate our already best-in-class member experience.”

Key features of the commercial solution include streamlined account management, automated bulk transactions, and seamless tax integration. Powered by the ebankIT platform, this solution equips businesses with the advanced tools necessary to succeed in today’s fast-paced and evolving economic environment.

João Lima Pinto, Board Member at ebankIT: “We’re thrilled to support Coast Capital as they elevate digital banking for their business members. This collaboration brings together ebankIT’s advanced technology and Coast Capital’s commitment to their clients, resulting in a platform that offers streamlined transaction processing such as payroll, or access to vital services like CRA payments, setting a new standard for digital banking in Canada’s commercial sector.”

Coast Capital and ebankIT have already been recognized for their exceptional digital banking experience at Finovate Fall and among 75 of the world’s top fintech companies, ebankIT’s platform, in partnership with Coast Capital, won two prestigious awards: Best of Show and Best Fintech Partnership. These accolades underscore the innovation and strength of their collaboration, setting a new benchmark for digital banking excellence.

Renato Oliveira, CEO at ebankIT: “We’re happy to collaborate with Coast Capital in bringing a sophisticated, tailored digital solution to their business members. By addressing those critical needs, we’re enabling Coast Capital to deliver a seamless, efficient digital experience.”