A Young Software Firm Hits a Home Run by Selling to Desjardins Bank - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
November 14, 2012 Newswires
Share
Share
Post
Email

A Young Software Firm Hits a Home Run by Selling to Desjardins Bank

PR Web

Vancouver, British Columbia (PRWEB) November 14, 2012

Clear View Systems Ltd. (CVS) proves that small players can play in big leagues too. The Vancouver small software company and developer of CurrencyXchanger Software, won its largest account, by selling to Desjardins Bank, N.A.</org> ("Desjardins Bank"). Desjardins Bank, a United States National Bank and a subsidiary of Desjardins Group, the largest cooperative financial group in Canada, purchased CurrencyXchanger for automating its forex operation in the US.

CTO and president of CVS, Tiran Behrouz notes that his company has been approached several times by banks in the past, but never made it to the short list, due to the small size of the company's financial assets. Behrouz gladly comments: “Being selected by Desjardins Bank as the forex solution of choice is a great privilege for us. I am glad that Desjardins made their decision mainly based on the strength of our product.” CVS is steadily growing since 2003 despite the financial crisis by running lean and focusing its efforts on making the best products and services possible for the foreign exchange industry. Today, CVS has hundreds of customers worldwide relying on CurrencyXchanger to run their operation every day.

“Great things start from small beginnings; therefore Desjardins Bank is delighted to partner with a small size company, such as Clear View Systems, to improve its forex processing,” said Daniel Veilleux, President and CFO of Desjardins Bank. “Currency conversion is an important part of our business, and after testing multiple solutions, CurrencyXchanger has proven to be the best match for our needs. Its flexible platform and easy to use interface have made the difference."

About Desjardins Bank – Desjardins Bank is a United States regulated bank which primarily serves Canadian individuals and businesses within the U.S. Desjardins Bank is a subsidiary of Desjardins Grouphttp://www.desjardins.com which is the leading cooperative financial group in Canada with assets of $194 billion. Drawing on the strength of its caisse network in Quebec and Ontario and its subsidiaries across Canada, it offers a full range of financial products and services to its 5.6 million members and clients. Desjardins specializes in Wealth Management and Life and Health Insurance, in Property and Casualty Insurance, in Personal Services, in Business and Institutional Services. “Best Corporate Citizen in Canada” for 2012 and among Canada’s Top 100 Employers for 2012TM, Desjardins is supported by the skills of its 44,645 employees and the commitment of nearly 5,400 elected officers. A new education and cooperation program is now available to Desjardins members and the general public. For more information, visit http://www.desjardins.com/co-opme.

About Clear View Systems Ltd - Established in 2003, Clear View Systems Ltd. (CVS) develops currency exchange software for the money service industry. The company’s multi-currency POS software is known for its revolutionary interface, flexibility, and ease of use. CVS has over 200 customers and sells its product in 15 countries. CurrencyXchanger has been featured on many business websites including Business.com and Forbes.com and the only product in its category that holds a 4.5/5 star rating by software users from Feature-set to usability (visit capterra.com to read independent reviews and testimonials). The company has been granted an A+ rating by Better Business Bureau for its adherence to BBB standards of trust. For more information, visit http://www.clearviewsys.com

Read the full story at http://www.prweb.com/releases/2012/11/prweb10113965.htm

Copyright:  (c) 2012 PRWEB.COM Newswire
Wordcount:  547

Newer

PRC Insurance Fraud Bureau Indicts State Farm Agent and Former Police Chief

Advisor News

  • What advisors must know about accessible client documents
  • Your client texted. Now what? The compliance rules advisors better know
  • Helping small-business owners build, grow and exit
  • Help women break through their retirement roadblocks
  • Advisors await SEC decision on Vanguard fair fund distribution
More Advisor News

Annuity News

  • Wink: Annuity sales post strong Q2, led by MYGAs and structured products
  • Legacy Marketing Group partners with Malibu Life USA for annuity launch
  • Best’s Market Segment Report: Global Life/Annuity Reinsurers Remained Poised for Steady Growth
  • When technology becomes easy to rent, what still separates life and annuity carriers?
  • Legacy Marketing Group® and Malibu Life USA Announce Distribution Partnership for New Fixed Indexed Annuity Platform
More Annuity News

Health/Employee Benefits News

  • CareFirst should have seen alleged fraud 3 years earlier, defendants say
  • Where CT Residents Can Get Free Help Navigating Medicare
  • Liaoning University Study Examines Legal Regulation of Integrated Medical and Elderly Care Under Long-Term Care Insurance
  • Proposed Medicaid Cuts Could Cost Maternal and Children's Health Care Billions
  • Trump administration cuts health care coverage for some transgender youth in California
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Taxpayers are on the hook if Dodgers owner's insurance companies go under
  • Lincoln Financial Research Finds 78% of Families Haven’t Discussed Life Insurance
  • Venus Williams to headline speaker roster for Finseca 2027 experience
  • How advisors can get clients to act sooner on life insurance
  • AM Best Affirms Credit Ratings of Crum & Forster Insurance Group’s Members and Monitor Life Insurance Company of New York
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.