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Loan Partner Functionality News

SIT Announces Additional Loan Partner Functionality

Toronto, Canada – April 30, 2008: Strategic Information Technology Limited (“SIT”) is pleased to announce that it will be adding enhanced loan partner functionality within Portfolio Plus.

“Our business partners told us that they wanted more flexibility in the way loans were syndicated and how pari passu loan partners were serviced,” said G. Robert Leeming, President of SIT. “After careful analysis, and consultation with partners who regularly communicate their needs to us, we embarked on an approach that leverages the strength of our investment system. As such, in future releases, our business partners will be able to offer their customers more options and flexibility.”

These enhancements will be available to existing customers who are using pari pasu loan partners today (within Portfolio Plus 2008) and all future versions of Portfolio Plus. Using this approach, business partners will be able to offer a myriad of registered and unregistered investment account options including interest accounts, term deposits, stocks, bonds, and mutual funds. The regulatory capabilities are also enriched because the system will produce T5’s, NR4’s and government XML uploads, as required.

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:
Patrick Lannigan
Strategic Information Technology
Telephone: 905-640-0808 x356
Email: patrickl@stratinfotech.com

 

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This page was created or refreshed on December 13, 2017 @ 16:04:20
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
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