TORONTO, Ontario — October 14, 2015 — Strategic Information Technology (“SIT”) announced today that its newest client, Habib Canadian Bank, has purchased the company’s Investment software to offer registered investment products in Canada. Habib Canadian Bank will be using their newly acquired technology to expand on their current offering of investment products, providing their customers RRSPs, RRIFs and TFSAs.
“We’ve offered our clients investment products for some time, but we realized that Canadian families want the opportunity to take advantage of registered investment plans,” said Muslim Hassan, President and CEO of Habib Canadian Bank. “Being able to open and administer products like RRSPs and RRIFs and TFSAs gives us the opportunity to provide that missing link in our customers’ investment portfolio. And it gives our clients access to some of the best financial options available to plan for their families’ future.”
SIT’s investment software is a part of the company’s complete suite of banking and financial services software. In addition to managing unique mortgage investment products, stocks, bonds, mutual funds, cash, and deposits, you also have the technology to administer highly regulated Canadian investment products. Registered Educations Savings Plans (RESPs), Registered Retirement Savings Plans (RRSPs), and many more, including RRIFs, RDSPs, and TSFAs can all be managed on SIT’s Investment software. And when regulations change, so does the software—with regulatory changes that are made available through future software updates.
“Strategic Information Technology is pleased to be chosen by Habib Canadian Bank as their investment software provider,” said Chris Buck, CEO and President of Strategic Information Technology. “Not only are we a leader in Canadian regulatory investment software, but our system is flexible enough to interface and integrate with other application platforms, like Habib Canadian Bank’s hPLUS™ banking platform. SIT’s Investment software will enable Habib Canadian Bank with the capabilities it needs to meet Canadian accounting, regulatory, and reporting requirements.”
Habib Canadian Bank is committed to making banking more rewarding by placing an emphasis on personal service. The bank provides a comprehensive range of commercial and personal banking services and products designed to cover the needs of all its customers from small savers to large international corporations.
Habib Canadian Bank, a wholly owned subsidiary of Habib Bank AG Zurich, began its operations from Mississauga on March 22, 2001, and is a member of the Canadian Deposit Insurance Corporation. The parent, Habib Bank AG Zurich (HBZ) was established in Switzerland in 1967 on a solid foundation of trust and reliability, a banking tradition that spans several generations. Traditional banking values set in the context of international banking has determined HBZ's corporate philosophy—“Service with Security.”
SIT, formed in 1988, develops and markets Portfolio Plus, which is used by financial companies in Canada, the UK, Ireland, and the Caribbean. SIT's banking software enables credit unions, banks, trust companies, and credit companies to offer online banking, mortgages, loans, credit options, investments, term deposits, retail banking, floor plan management, and more.
SIT's Open Banking Interface, offered with Portfolio Plus, is especially suited to those companies who need to move rapidly with a digital strategy.
Portfolio Plus can also be tailored, on request, to meet specific customer requirements.
Visit SIT online at stratinfotech.com or call us at 905-640-0808.
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Strategic Information Technology
Telephone: 905-640-0808 x356
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This page was created and/or refreshed on May 26, 2017 @ 14:57:40
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
The page subject is: Habib Canadian Bank Acquires Software to Offer Registered Investments in Canada