Toronto, Canada – Feb 28, 2012: Strategic Information Technology Limited (SIT) is pleased to announce that both General Bank of Canada and MonCana Bank of Canada have begun using Portfolio Plus to process "client name" GIC applications using the CANNEX Financial Network.
"Anybody who processes client name GICs should consider automating through the CANNEX Financial Network as their GIC and term deposit volume grows," said Gord Mooney, Chief Operating Officer for General Bank of Canada. "Portfolio Plus makes this easy for us to do."
"Developing a good volume of client name GIC business was a decision we made based on the professional relationship we've built with brokers over the past few years," said Gerry Wagner, CFO of MonCana Bank of Canada. "Automating the purchase and sale of client name GICs through the CANNEX Financial Network allows us to process these GICs faster and with more accuracy."
"We've worked with SIT for over a decade to lower the cost of processing both nominee name and now client name GIC business," said Alex Melvin, President of CANNEX. "We're pleased to see more issuers using the client name automation functionality available on Portfolio Plus."
"SIT is focused on helping our customers enhance their performance. Our strategic decision, over a decade ago, to commit to automation through the CANNEX Financial Network has paid off handsomely for both us and our customers," said G. Robert Leeming.
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. Portfolio Plus, with its Plug-In BankingTM architecture, enables financial organizations to add functionality as they require it, making it one of the most versatile solutions on the market.
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:
Strategic Information Technology
Telephone: 905-640-0808 x452
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This page was created or refreshed on January 15, 2018 @ 10:40:33
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
You're here to learn about: GIC Client Name Automation