MX and Coast Capital empower members with the Take Charge Money Manager

SURREY, BC—(Marketwired - January 25, 2018) -Coast Capital Savings took another step towards its goal of becoming Canada's premier digital credit union with the launch of a next-generation personal financial management (PFM) solution, developed by financial technology leader MX Technologies, the credit union announced today.

Jeff Wong, Coast Capital's Chief Business Transformation Officer, said the rollout of theTake Charge Money Manager™ PFM tool is in line with the credit union's purpose to financially empower Canadians to achieve what's important in their lives.

'Coast Capital is committed to equipping members with the very latest digital tools to help them take charge of their finances, track their progress towards financial well-being and move confidently towards their goals,' Wong said. 'With leading-edge technology from MX, one of the top innovators in financial software, Coast Capital'sTake Charge Money Managerdelivers on this commitment.'

TheTake Charge Money Manageris available to Coast Capital members across three channels -- Coast Online Banking, Coast Online Banking for Small Business, and Mobile Banking. It allows members to view their spending activity in a dynamic visual format and analyze their day-to-day transactions. Members can also create monthly budgets and aggregate account information from other financial institutions on one digital dashboard, giving them the big-picture view of their financial health.

Nate Gardner, Chief Customer Officer (CCO) at MX, said its PFM solution for Coast Capital maximizes user-engagement with intuitive graphics and a simple, easy-to-understand interface -- all supported by robust, best-in-class technology.

'Our mission at MX is to empower the world to be financially strong, and we're always excited to work alongside similar-minded organizations like Coast Capital Savings in making that mission a reality,' Gardner said. 'Our partnership with Coast Capital has resulted in an innovative digital solution that will improve the financial lives of members, reducing their stress, psychological pain, and, in many cases, real heartache. Those who use the product will discover newfound financial strength.'

Coast Capital'sTake Charge Money Manageris the latest initiative in the credit union's ongoing plan to expand the suite of digital tools and capabilities available to existing and new members, as the institution readies for national expansion. With a focus on continuous innovation, Coast Capital has already scheduled additional releases of theTake Charge Money Managerin the coming months to introduce even more features to its members. Last month, Coast Capital launched a digital membership account opening platform and is planning to unveil additional digital services in future.

About Coast Capital Savings

Coast Capital Savings is Canada's largest credit union by membership, with over $20 billion in assets under administration. An Imagine Canada Caring Company, the credit union invested $5.6 million into local communities in 2017, focusing on empowering and engaging youth. Named a BC Top Employer in 2017, Coast Capital is also a member of Canada's Best Managed Companies Platinum Club. It has 52 branches serving its 543,000 members in the Metro Vancouver, Fraser Valley, Vancouver Island and Okanagan regions of British Columbia. Product innovations include Canada's first free chequing account from a full-service financial institution. To learn more, visit coastcapitalsavings.com.

About MX

MX enables financial institutions and fintech providers to collect, refine and present actionable data that empowers the world to become financially strong. Founded in 2010, MX is one of the fastest growing fintech providers, partnering with more than 1,700 financial institutions and 35 digital banking providers. For more information, visitwww.mx.com.