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Banking Software News from SIT

ING Bank of Canada Selects Portfolio Plus Investment System

Toronto, Canada – May 15, 2007: Strategic Information Technology Limited (“SIT”) is pleased to announce that ING Bank of Canada has purchased investment functionality for their existing Portfolio Plus banking software system.

“We believe ING will be very successful with their investment product strategy”, says G. Robert Leeming, President of Strategic Information Technology, “and we will be here to support their ongoing efforts to expand their product offering in Canada.”

Portfolio Plus offers an investment system that can handle registered and non-registered investment plans. Portfolio Plus also offers a Plug-In Banking platform that is affordably priced and scalable for large or small deployments. Installations of Portfolio Plus can include modules for web banking, loans, mortgages, term deposits, investments, accounting, retail banking, CANNEX interface, FundSERV interface, ATM/POS switch interfaces, and more.

About ING Direct Canada

ING DIRECT currently has over one million Canadian clients, and over $14 billion in total assets. There are over 750 employees employed within Canada. With worldwide banking and insurance assets exceeding $1 Trillion (CDN), ING is one of the twenty largest financial services companies in the world. Headquartered in Amsterdam, ING employs over 115,000 people in more than 65 countries.

ING DIRECT is the operating name of ING Bank of Canada, a member of ING. ING Bank of Canada is a Schedule II chartered Canadian bank. ING stands for Internationale Nederlanden Group.

ING DIRECT is regulated, as with any other bank, by the Office of the Superintendent of Financial Institutions (OSFI) and is a member of the Canadian Deposit Insurance Corporation.

About SIT

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 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, CANNEX, FundServ, 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:
Adam Long
Strategic Information Technology
Telephone: 905-640-0808 x452
Email: adaml@stratinfotech.com


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This page was created or refreshed on October 15, 2018 @ 12:07:20
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
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