| Credit Risk Management (CRM Canada) Interface

CRM Canada Interface

SIT Announces Electronic Interface for Credit Risk Management Canada Credit Reporting System

Toronto, ON, Canada – August 18, 2010: Strategic Information Technology Ltd. ("SIT") is pleased to announce the release of an electronic interface to Credit Risk Management Canada's sophisticated credit risk facility, with unique capabilities that significantly reduce risks in the underwriting of agricultural loans.

"Credit Risk Management Canada has the most comprehensive commercial credit reporting system that we’ve seen in the industry," says G. Robert Leeming, President of SIT, "and we look forward to further developing our relationship with them on a technical and marketing basis."

The interface to Credit Risk Management Canada is available with Portfolio Plus 2009 and above.

"Credit Risk Management provides a wide range of innovative risk management solutions including in-depth commercial credit investigations and due diligence research on more than 800,000 companies across Canada and we're glad to be working with SIT to help them enhance the capabilities of their Portfolio Plus banking software," says Tracey Ivanyshyn, President of Credit Risk Management Canada.

SIT’s Portfolio Plus banking software platform enables banks, trust companies, credit unions, and other financial organizations to implement their own flavour of banking to capture the best possible market advantage.

About Credit Risk Management Canada

Credit Risk Management Canada is a unique provider of end-to-end solutions for credit grantors across Canada. Throughout the credit relationship, Credit Risk Management Canada can uncover, analyze and minimize the risks associated with granting credit of any kind, from approvals through to arrears.

In business for over 40 years, Credit Risk Management Canada offers due diligence strategies for personal and commercial credit file information, searches on Personal Property Security Act (PPSA), Real Property, Corporate, Bankruptcy, banking and supplier references, and more.

Credit Risk Management Canada also provides comprehensive early phase accounts receivable and debt recovery solutions.

For more information Contact:

Ms. Corrie Bouw, VP Operations
1-800-267-0490 ext. 272

About Strategic Information Technology Limited

SIT, formed in 1988, develops and markets Portfolio Plus, an extensible banking system that allows customers to plug-in new functionality as required. This is accomplished via SIT's unique Plug-In BankingTM architecture, an Open Banking InterfaceTM, and a Financial Services BusTM that extends Portfolio Plus functionality to other corporate applications. SIT's banking software empowers 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, and credit bureau interfaces. Portfolio Plus can also be tailored, on request, to meet specific customer requirements.

SIT can be reached at (www.stratinfotech.com) or by phone at 905-640-0808.

Portfolio Plus, Plug-In Banking, Open Banking Interface, 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.

Forward-Looking Statements

Forward-looking statements in this document are based on current expectations that are subject to risks and uncertainties. Actual results might differ materially due to various factors such as the competitive nature of the software industry, the ability of SIT to continue to execute its growth and development strategy, and the reliance of SIT on key personnel. SIT assumes no obligation to update forward-looking statements, or to update the reasons why actual results could differ from those that are projected.

SIT can be reached at (www.stratinfotech.com) or by phone at 905-640-0808.

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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