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Equity Financial Trust

Equity Financial Trust Company Chooses SIT

Toronto, ON, Canada – March 4, 2011: Strategic Information Technology Ltd. (“SIT”) is pleased to announce that Equity Financial Trust Company (“EFT”) has chosen Portfolio Plus banking software as a strategic platform to accommodate their future growth.

"SIT's Portfolio Plus banking software has what we need to launch the deposit side of our business, which is a critical component of our strategy to succeed in the residential mortgage business in Canada", said Nick Kyprianou, CEO of EFT.

"Based on our decade-long professional relationship with Nick Kyprianou we believe Equity Financial Trust Company will be very successful in the mortgage and term deposit business,” said G. Robert Leeming, President of SIT.

SIT’s Portfolio Plus banking software platform enables banks, trust companies, 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, allowing for maximum strategic flexibility.

About Equity Financial Trust Company

Equity Financial Trust Company was founded as Equity Transfer Services Incorporated in 1990 to focus on providing security transfer and related services to small and mid-cap public companies. Today, Equity Financial Trust Company provides services for approximately over 600 public companies listed on North American Stock Exchanges. EFT is an approved transfer agent for by the TSX Group of Companies and TSX.V listed companies, registered as a transfer agent with the United States Securities and Exchange Commission, and accepted by the New York Stock Exchange as a transfer agent for NYSE listed securities. Equity Financial Trust Company intends to begin taking deposits and enter the field of residential mortgage lending in Canada.

Equity Financial Trust Company plans to focus on the alternative residential mortgage market which represents 10% of the $950 billion dollar mortgage market in Canada.

About Strategic Information Technology Limited

SIT, formed in 1988, develops and markets Portfolio Plus, an extensible banking system that allows customers to plug-in new functionality as required. This is accomplished via SIT's unique Plug-In BankingTM architecture, an Open Banking InterfaceTM, and a Financial Services BusTM that extends Portfolio Plus functionality to other corporate applications. SIT's banking software empowers 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, and credit bureau interfaces. Portfolio Plus can also be tailored, on request, to meet specific customer requirements.

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

Portfolio Plus, Plug-In Banking, Open Banking Interface, 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.

Forward-Looking Statements

Forward-looking statements in this document are based on current expectations that are subject to risks and uncertainties. Actual results might differ materially due to various factors such as the competitive nature of the software industry, the ability of SIT to continue to execute its growth and development strategy, and the reliance of SIT on key personnel. SIT assumes no obligation to update forward-looking statements, or to update the reasons why actual results could differ from those that are projected.

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

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 and/or refreshed on June 26, 2017 @ 10:28:27
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
The page subject is: Equity Financial Trust