| Scotiabank

Scotiabank Selects Portfolio Plus to Modernize a Term Deposit Platform

Toronto, Canada – June 2, 2011: Strategic Information Technology Limited (SIT) is pleased to announce that Scotiabank has chosen Portfolio Plus to replace the existing third party channel term deposit and investment system.

We look forward to partnering with Scotiabank to deliver an attractive array of term deposit products to Canadians," said G. Robert Leeming, President of SIT, "and we are honoured to be chosen as a business partner. Working with the team at Scotiabank has been a pleasure."

Scotiabank joins other large Canadian financial institutions who depend on SIT's banking software solution as a vital part of their overall growth strategy.

Portfolio Plus enables banks, trust companies, virtual banks, credit unions, and other financial organizations to implement their own flavour of banking to capture the best possible market advantage.

About Scotiabank

Scotiabank is one of North America's premier financial institutions, and Canada's most international bank. Since welcoming their first customers in Halifax, Nova Scotia, in 1832, Scotiabank has continued to expand its global reach. Today, through a team of more than 70,000 employees, Scotiabank Group and its affiliates offer a diverse range of products and services, including personal, commercial, corporate and investment banking, to some 18.6 million customers in more than 50 countries around the world.

About Strategic Information Technology Limited

SIT, formed in 1988, develops and markets Portfolio Plus which is used by customers like RBC, CIBC, TD, ING Bank of Canada, PC Bank, Canadian Tire, and Manulife. Portfolio Plus offers a unique Plug-In BankingTM architecture and a Financial Services BusTM that extends Portfolio Plus functionality to other corporate applications. SIT's banking software enables credit unions, banks, trust companies and building societies to offer web banking, loans, loan securitization, investments, term deposits, wealth management, retail, ATM/POS switch interfaces for debit cards, leasing, and credit bureau interfaces. Portfolio Plus can also be tailored, on request, to meet specific customer requirements.

SIT can be reached at (http://www.stratinfotech.com) or by phone at 905-640-0808.

Portfolio Plus, Plug-In Banking and Financial Services Bus are trademarks or registered trademarks of SIT in the U.S., Canada and other countries. Any other trademarks or service marks contained herein are the property of their respective owners.

For more information:
Patrick Lannigan
Strategic Information Technology
Telephone: 905-640-0808 x356
Email: patrickl@stratinfotech.com

 

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This page was created or refreshed on October 20, 2017 @ 14:54:50
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
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