Sanford keeps National contract
National Australia Bank has opted to stick with Sanford as the supplier of its online trading platform for National Online Trading, and has re-signed with Sanford for another three years.
As well as winning the extended contract, Sanford has picked up the National Group owned Your Prosperity online as a new client.
Sanford chief executive Steven Goh says that the new contract represents $20 million in revenue over three years.
"This is a significant milestone for us. We have now gone through two selection processes with National Australia Bank amidst heavy competition," he says.
Goh says the online platform is an internally developed system which has been developed over the last four years. Sanford also offers the services of call center and back office administration for the National Online Trading platform.
Your Prosperity clients will be able to use the new trading platform in October 2001, when the two National trading platforms will be rolled together. There are presently around 40,000 registered clients using the Sanford trading platform, and Goh says it has been tested with at least 50,000 concurrent users without any loss of performance.
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