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Banking Software News from SIT

Community Trust Chooses Portfolio Plus to Accommodate Growth

Toronto, Canada – December 11, 2006: Strategic Information Technology Limited (“SIT”) is pleased to announce that Community Trust, located in Toronto, Ontario, has selected Portfolio Plus to replace their current environment and address their future growth initiatives.

“Portfolio Plus has become the most popular banking platform choice for independent Canadian trust companies”, stated Lu Kozak, Chairman of Community Trust, “but this isn’t what drove our decision. It was important for us to conduct a thorough due diligence to make sure that both the software and the vendor would meet our needs. We are confident that SIT can satisfy these requirements and thus ensure a productive partnership. We especially liked the software’s flexibility and plug-in banking architecture which will allow us to add functionality to meet our future needs.”

SIT markets Portfolio Plus in Canada, the UK and Latin America. Portfolio Plus is a complete plug-in banking solution for trust companies, credit unions, banks, mortgage providers, and building societies.

“We want to congratulate Community Trust on their decision to move forward with SIT and the Portfolio Plus banking platform. We look forward to supporting their growth objectives every step of the way”, says G. Robert Leeming, CEO of SIT. “Our partnership underlines the commitment we have to community banking and trust company banking overall.”

Within the Canadian independent trust company market, SIT’s Portfolio Plus banking platform enjoys the highest market share of any banking software vendor.

About Community Trust

Community Trust Company is a federally regulated Trust Company incorporated originally in Ontario in 1975 and now chartered federally. Community Trust Company is a full service financial institution with a business emphasis on mortgage lending. Community Trust’s mortgage portfolio as at December 31, 2005 was 234 million dollars, with investment assets in Ontario, Quebec, Alberta and British Columbia. The Company’s head office is located at 2271 Bloor Street West, Toronto, Ontario M6S 1P1.

About Strategic Information Technology Limited

SIT, formed in 1988, develops and markets Portfolio Plus, an extensible banking system that enables customers to plug-in new functionality as required. This is accomplished via SIT's unique Plug-In BankingTM architecture and a Financial Services BusTM that extends Portfolio Plus functionality to other corporate applications. SIT's banking software enables banks and non-banks to offer web banking, loans, loan securitization, investments, term deposits, wealth management, retail, ATM/POS switch interfaces for debit/credit or loyalty products, leasing, Equifax and Trans Union credit bureau interfaces, registered investment products, and much more. 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, please contact:

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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