| Concentra Financial

Concentra Financial Now Live on CANNEX Financial Network

Toronto, ON, Canada – August 20, 2013: Strategic Information Technology Ltd. ("SIT") is pleased to announce that Concentra Financial has implemented the Portfolio Plus CANNEX Interface to automate the sale of GIC and term deposit products.

"The implementation went very smooth, and we’re now accepting nominee business over the CANNEX Financial Network," said Dallas Marce, Senior Vice-President of Financial Intermediation, Concentra Financial. "By utilizing the combination of Portfolio Plus automation and CANNEX, we are now able to efficiently process nominee deposits while providing excellent service to the deposit brokers."

"We've enjoyed a great partnership with Concentra since 1997," said G. Robert Leeming, President of SIT. "As a result of this close relationship, we’ve collaborated on a number of investment and deposit products for the Canadian market. Concentra’s strategic long-term approach fits really well with SIT’s mission to enhance the performance of our customers through the use of our products and services."

Since 1988 Portfolio Plus has enabled 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.

About Concentra Financial

Founded on partnership, thriving on co-operation, and with a commitment to superior and innovative solutions, Concentra Financial works with credit unions and strategic partners to enhance the success of the Canadian credit union system and its members by delivering a full suite of competitive, high-quality financial and trust services.

Concentra Financial has a strong track record of empowering Canada's credit unions. The company is dedicated to continuously refining its business practices to meet the demand of a dynamic financial services industry and expanding financial targets, while remaining market-relevant and delivering profit back to the credit union system – through our business solutions and in dividend returns to our shareholders. Concentra Financial has experienced consistent, profitable growth since 2009.

Other important facts about Concentra Financial:

About SIT

SIT, formed in 1988, develops and markets Portfolio Plus, an extensible banking system enabling 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 banks and non-banks to offer web banking, loans, loan securitization, investments, term deposits, wealth management, retail, ATM/POS switch interfaces for debit/credit or loyalty products, leasing, Equifax and Trans Union credit bureau reports, registered investment products, and much more. 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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