| CDIC Fast Insurance Determination Solution

SIT Announces Deposit Insurance GuardianTM to Support CDIC Fast Insurance Determination Requirements

Toronto, Canada – May 12, 2011: Strategic Information Technology Ltd. (SIT) is pleased to announce the upcoming release of the Deposit Insurance GuardianTM for Portfolio Plus to facilitate the requirements for CDIC Fast Insurance Determination.

"When the CDIC first released its specifications for its Fast Insurance Determination, we focused on designing a solution to help our bank and trust company customers fulfill that short term need," said G. Robert Leeming. "But after further analysis we determined that a separate product could better support future changes in both Portfolio Plus and the CDIC Fast Insurance Determination specifications."

"We would also like to praise the CDIC for doing an outstanding job communicating this requirement to our customers and allowing SIT to participate in meetings. This type of forethought and planning will help support Canada’s position as a leader in banking."

Portfolio Plus Guardian will be made available for all versions of Portfolio Plus.

More details are available to SIT customers from SIT Advantage and from the Portfolio Plus User Group on LinkedIn.

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 in the market.

About Strategic Information Technology Limited

SIT, formed in 1988, develops and markets Portfolio Plus, an extensible banking system that enables customers to plug-in new functionality as required. This is accomplished via SIT's 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:
Adam Long
Strategic Information Technology
Telephone: 905-640-0808 x452
Email: adaml@stratinfotech.com


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This page was created or refreshed on October 15, 2018 @ 12:07:20
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
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