Ontario – Toronto GTA – Stouffville
Corporation
www.stratinfotech.com
Ontario
Toronto GTA
Stouffville
Corporation
active
SIT is a Canadian-owned company that has been providing intelligent information systems solutions to the financial services industry since 1988. Using open, client/server, state-of-the-art software
technology, SIT develops, markets, licenses and supports its core banking software system, Portfolio Plus. It also provides a full range of professional services. SIT serves clients across Canada including banks, trust companies, credit unions, mortgage - loan servicers, life insurance companies and governments.
Country of Ownership: Canada
Year Established: 1988
Exporting: Yes
Primary Industry (NAICS): 541510 - Computer Systems Design and Related Services
Alternate Industries (NAICS): 541690 - Other Scientific and Technical Consulting Services
Primary Business Activity: Manufacturer / Processor / Producer
Total Sales ($CDN): $10,000,000 to $24,999,999
Number of Employees: 150
Services:
Preferred services, Technical services
Products:
Portfolio plus
Technology:
Portfolio Plus was designed and developed using OpenEdge technology from Progress Software, and is comprised of various infrastructure technology, including a computer language and a relational database that can run on all market leading operating system platforms.
Portfolio Plus supports all major operating systems and hardware platforms including SunOS, Linux, HP-UX, Windows Server (2003, 2008), Windows Desktop (XP, Vista, Windows7), etc.
Portfolio Plus supports client/server, three tier, SOA, and Cloud configurations.
Sector:
Unique Applications: SPECSAVERS
Specsavers, the dominant eye care provider in the UK, first approached SIT with the challenges they had to manage the treasury for over 600 stores. With few customizations, Portfolio Plus was installed and successful. Specsavers next challenge proved to be its direct debit management system. SIT proposed a single system that would replace three aging minicomputers and associated software. Today, Specsavers' direct debit management system performs faster, is easier to maintain, reduces costs and is architected to scale up as the Specsavers business grows.
COMMUNITYLEND
Pioneering peer to peer lending within Canada, CommunityLend is aiming to provide a more efficient lending platform for borrowers and investors alike, by leveraging state of the art banking technology. Using the Portfolio Plus Open Banking Interface, CommunityLend can use its choice of web development platform to access the rich banking functionality within Portfolio Plus.
Key / Major Clients: AGF Trust, Canadian Tire Financial Services, CIBC Trust, CommunityLend, Concentra Financial, Equitable Trust, ING, Manulife Bank of Canada, Manulife Financial, PACE Savings - Credit Union, PC Financial, Peoples Trust, RBC, TD Waterhouse, Your Neighbourhood Credit Union
Success Stories: MANULIFE BANK
SIT and Manulife Bank jointly developed the Manulife One account – a virtual bank product that allows clients to combine borrowing, all savings, and available income into a single account. This dramatically different approach can help customers pay off their mortgage years sooner and cut their interest costs by thousands of dollars. The Manulife One account was launched in 1999 and has helped drive the growth of Manulife Bank to over 15 billion dollars in assets, making it one of Canada€™s fastest growing financial institutions.
BISHOPSTOWN CREDIT UNION
SIT and Bishopstown worked together to create Ireland€™s first Credit Union debit card. Prior to SIT€™s involvement, Ireland€™s credit unions had been effectively locked out of the debit card market but Bishopstown€™s innovative move opened that door and headlined the 6:00 news. Also the Financial Regulator in Ireland praised Bishopstown as one of the only credit unions in the country to have accurate arrears reporting, this, thanks to SIT€™s Portfolio Plus.
Testimonial: Says Manulife Bank CEO Roman Fedchyshyn, "If we
didn't have the SIT platform - and if they and
our IT department hadn't done such a spectacular
job of building this product - we would have been
another year to market."
Benetis Angie
Lannigan Patrick
Leeming Robert
Leeming Steve
Wilson Don
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