| News and Press Releases

Banking Software News

Office Link 5.0 Is Now Certified with Microsoft Office 2016.

2017

May

26

TORONTO, Ontario — SIT’s Office Link 5.0 for Portfolio Plus is now certified with Microsoft Office 2016. Office Link users can now take full advantage of the document creation features available through Office Link 5.0 and Microsoft Word 2016. That means SIT customers hoping to upgrade to Microsoft Office 2016 can now do so with confidence since Portfolio Plus Office Link 5.0 is fully compatible with Microsoft Office 2016.

Major Release of Portfolio Plus Available August 28, 2017!

2017

May

24

TORONTO, Ontario — The next major release of Portfolio Plus will be available on August 28, 2017. This upcoming Portfolio Plus release is the next version of SIT’s time-tested, industry-proven financial software platform for banks and financial institutions. And it’s more secure than ever.

Release Notes Are Now Available.

2017

May

23

TORONTO, Ontario — Release notes for Portfolio Plus 2016.4.0 are now available to all SIT customers. These Release Notes provide details of the new features, enhancements, and bug fixes for Portfolio Plus. SIT customers are encouraged to use this guide to prepare for regression and user acceptance testing. Please visit SIT Advantage to download the Release Notes.

Minor Release Available June 1, 2017.

2017

May

1

TORONTO, Ontario — Are you ready for the next minor release of Portfolio Plus? Portfolio Plus 2016.4.0 will be available to SIT customers on June 1, 2017. The software update offers users new features, enhancements, and bug fixes designed to improve business processes and overall user experience.

Regulatory Update: TFSA Exemption, FINTRAC Changes, T+2 Settlement Cycle Adoption & SAGES Suspension.

2017

May

26

TORONTO, Ontario — New regulatory changes are coming into effect for Canadian financial service providers this summer and later this year. This Regulatory Update covers the upcoming changes, providing information on CRS Tax Free Savings Account (TFSA) reporting exemption, amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, and upcoming issues concerning the investments industry.

Jane Philpott Congratulates SIT on Ireland Deal

2016

Oct

31

Sam Ilaqua, SIT Co-Founder, Has Passed Away

2015

Feb

03

TORONTO, Ontario — February 3, 2016 — We are deeply saddened to announce that co-founder Salvatore (Sam) Ilaqua passed away on February 2, 2016.

Credit Unions of B.C. Are First to Offer B.C. Training & Education Savings Grant

2015

Sep

8

TORONTO, Ontario -- September 8, 2015 -- Strategic Information Technology ("SIT") announced today that Credit Unions of B.C., through Central 1 Credit Union, are leveraging the company's investment software to offer the new B.C. Training and Education Savings Grant (BCTESG) to credit unions across British Columbia. Credit Unions of B.C. are the first financial institutions in the province to make this grant available to B.C. families, which is now available at 38 partner credit unions and their 365 branches.

Enliven Selects SIT’s Banking Software for Its Unique Cloud and Mobile Underwriting Platform

2015

Jun

15

Toronto, ON, Canada – January 15, 2015: Strategic Information Technology Ltd. ("SIT") is pleased to announce that Enliven, a soon-to-launch alternative source of finance for financially responsible Canadians, has selected SIT’s Portfolio Plus banking software platform to power its online personal and home equity loan offerings.

Paramount Equity Financial Chooses Portfolio Plus

2015

Jan

19

Toronto, ON, Canada – January 15, 2015: Strategic Information Technology Ltd. ("SIT") is pleased to announce that Paramount Equity Financial Corporation ("Paramount") has chosen SIT's banking software to help power its growth strategy in the Canadian mortgage market.

Portfolio Plus is not Directly Affected by Bash Vulnerability

2014

Sep

25

Toronto, ON, Canada – September 25, 2014 — A security vulnerability in the Bourne Again Shell (Bash), the command-line shell used in many Linux-based and Unix-based operating systems, could leave systems running those operating systems open to exploitation by specially crafted attacks.

SIT to Add Agent and Broker Audit Tracking to Portfolio Plus

2014

Sep

12

Toronto, ON, Canada – September 12, 2014 — Strategic Information Technology Limited (SIT) will be adding broker auditing data to its comprehensive common agent profile to address auditing requirements for brokers in the deposit, mortgage, and financing industries.

Canadian Bank Begins Using CANNEX Re-Registration and Automatic Interest Update Features available with Portfolio Plus

2014

May

01

Strategic Information Technology Ltd. ("SIT") is pleased to announce that a Canadian bank has begun using the internal re-registration and automatic interest rate update (AIU) features available when using Portfolio Plus and CANNEX.

SIT Announces Chris Buck as new CEO

2014

Apr

11

Toronto, ON, Canada – April 11, 2014: Strategic Information Technology Ltd. ("SIT") is pleased to announce that Chris Buck has been named CEO of SIT.

Portfolio Plus is not Directly Affected by OpenSSL Vulnerability

2014

Apr

10

Toronto, ON, Canada – April 10, 2014: Strategic Information Technology Ltd. ("SIT") is pleased to announce that Portfolio Plus is not Directly Affected by OpenSSL Vulnerability.

First Access Funding Chooses Portfolio Plus Collector

2014

Mar

14

Toronto, ON, Canada – March 14, 2014: Strategic Information Technology Ltd. ("SIT") is pleased to announce that First Access Funding Corporation ("First Access") is adopting Portfolio Plus Collector to enable efficient business growth.

SIT Releases SEPA Functionality for Banks and Non-Banking Institutions

2014

FEB

14

Toronto, ON, Canada – February 17, 2014: Strategic Information Technology Ltd. ("SIT") is pleased to announce that Single Euro Payments Area ("SEPA") functionality is available for financial institutions and non-financial institutions using Portfolio Plus.

EXIMBANK Chooses Portfolio Plus to Manage Growth

2014

FEB

12

February 12, 2014 – Strategic Information Technology Ltd. ("SIT") is pleased to announce that Export Import Bank of Trinidad and Tobago Limited ("EXIMBANK") has signed an agreement to license Portfolio Plus to address the demand for loans and accounting management.

CFF Bank Chooses Portfolio Plus as its Core Banking Platform

2014

FEB

03

February 3, 2014 – Toronto, ON: SIT is pleased to announce that CFF Bank, launched by Canadian First Financial Group Inc. ("Canadian First") on January 13, 2014, has adopted Portfolio Plus as its core banking software platform to enable the delivery of a one-stop shopping experience for Canadian financial services consumers.

SIT Announces General Availability of CDS/CANNEX Same Day Net Settlement Service for GIC Funds

2013

OCT

16

October 16, 2013: Strategic Information Technology Ltd. ("SIT") is pleased to announce the general availability of the Clearing and Depository Services (CDS)/CANNEX/Portfolio Plus Interface that will facilitate the same day electronic net settlement of funds related to GIC purchases, maturities, redemptions, as well as interest and commission payments.

Tribecca Finance Now Using Portfolio Plus

2013

AUG

21

Toronto, ON, Canada – August 21, 2013: Strategic Information Technology Ltd. ("SIT") is pleased to announce that Tribecca Finance Corporation ("Tribecca Finance") has implemented Portfolio Plus and is now using it to accommodate a variety of loan products for its target markets.

Concentra Financial Now Live on CANNEX Financial Network

2013

AUG

20

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.

Community Trust Chooses Portfolio Plus Forecaster

2013

APR

23

Toronto, ON, Canada – April 23, 2013: Strategic Information Technology Ltd. ("SIT") is pleased to announce that Community Trust has chosen Portfolio Plus Forecaster to help quickly identify and manage mismatches in loan and deposit funding.

Infrastructure Ontario Chooses Portfolio Plus

2013

APR

08

Toronto, ON, Canada – April 8, 2013: Strategic Information Technology Ltd. ("SIT") is pleased to announce that its newest customer and partner, Infrastructure Ontario, has chosen Portfolio Plus to help manage and administer its municipal lending programs.

SIT Announces Beta Availability of CDS / CANNEX Same Day Net Settlement Service for GIC Funds

2013

MAR

06

Strategic Information Technology Ltd. ("SIT") is pleased to announce the beta availability of the Clearing and Depository Services (CDS) / CANNEX / Portfolio Plus Interface that will facilitate the same day electronic net settlement of funds related to GIC purchases, maturities, redemptions as well as interest and commission payments.

Portfolio Plus Releases Interface to Neocog ACE CRM

2013

FEB

13

Strategic Information Technology Ltd. ("SIT") is pleased to announce the availability of an interface to Neocog Technologies Inc.'s ("Neocog") ACE Customer Relationship Management tool, which is used by many credit unions to manage member contacts and communication relating to service and sales.

Portfolio Plus Interfaces to Credit Expo's ECM Analytics Product

2013

FEB

11

Strategic Information Technology Ltd. ("SIT") is pleased to announce it has completed an interface to CreditExpo's ECM Analytics product, which enhances credit risk analysis.

SIT Announces Availability of GICSERV Interface

2013

FEB

06

Strategic Information Technology Ltd. ("SIT") is pleased to announce the availability of a GICSERV interface to its Portfolio Plus banking software platform.

Central 1 Certified to Offer RDSP and RESP Plans

2012

DEC

03

Strategic Information Technology Ltd. (SIT) is pleased to announce that Central 1 has been certified by Human Resources and Skills Development Canada (HRSDC) to manage Registered Disability Savings Plans (RDSPs) and Registered Education Savings Plans (RESPs).

SIT to Release Portfolio Plus Forecaster Expert System

2012

OCT

29

Strategic Information Technology Limited (SIT) is pleased to announce the upcoming release of Portfolio Plus Forecaster – an expert system that can predict cash flows and profitability in relation to asset and liability financial instruments in any given book of business.

SIT to Release Portfolio Plus Surveillant AML/ATF Expert System

2012

OCT

29

Strategic Information Technology Limited (SIT) is pleased to announce the upcoming release of Portfolio Plus Surveillant AML/ATF – an expert system that can help detect fraud, money laundering, and potential terrorism activities.

SIT to Release Portfolio Plus Regulator Expert System

2012

OCT

29

Strategic Information Technology Limited (SIT) is pleased to announce the upcoming release of Portfolio Plus Regulator – an expert system that enables financial institutions to improve the productivity of regulatory reporting.

SIT Introduces a Revolutionary Mortgage Origination Expert System

2012

OCT

29

Strategic Information Technology Limited (SIT) is pleased to announce the upcoming release of Portfolio Plus Originator, a product that revolutionizes the approach to mortgage origination with the support of an unlimited amount of mortgage partners and team members.

SIT Announces Upcoming GIC Funds Settlement Feature for CANNEX

2012

OCT

12

Strategic Information Technology Ltd. ("SIT") is pleased to announce that it will be releasing functionality for the CANNEX / Portfolio Plus Interface that will facilitate the same day net settlement of funds related to GIC purchases, maturities, redemptions as well as interest and commission payments.

 

Portfolio Plus Portcullis Customers will Receive Mobile Capability at No Charge

2012

SEP

12

Strategic Information Technology Limited (SIT) is pleased to announce the upcoming release of Portfolio Plus Mobile, a product that enables SIT's Portfolio Plus Portcullis to work on modern HTML5 capable smartphones. Portfolio Plus Portcullis customers will not be charged a license fee to receive this capability.

SIT to Release GICSERV Interface to Portfolio Plus

2012

SEP

05

Strategic Information Technology Ltd. ("SIT") is pleased to announce the upcoming release of the GICSERV interface to Portfolio Plus.

 

SIT Announces Portfolio Plus 2013

2012

AUG

28

Strategic Information Technology Ltd. ("SIT") is pleased to announce the upcoming September 15, 2012 release of Portfolio Plus 2013 adding over 25 enhancements to SIT's banking software platform.

FATCA - A Call for Input

2012

JUN

12

Toronto, Canada – June 12, 2012: Strategic Information Technology Limited (SIT) is calling for input from all customers who believe they are impacted by FATCA.

SIT Announces Dedicated Support for Credit Unions

2012

MAY

22

Toronto, Canada – May 22, 2012: Strategic Information Technology Limited (SIT) is pleased to announce that it will be providing dedicated support for credit unions in Canada.

Congratulations to PACE Credit Union, Peoples Credit Union, McMaster Credit Union, and Etobicoke Teachers Credit Union (ETCU Financial)

2012

MAY

01

Toronto, Canada – May 1, 2012: SIT wants to congratulate PACE Credit Union, Peoples Credit Union, McMaster Credit Union, and Etobicoke Teachers Credit Union (ETCU) Financial on their intent to amalgamate.

SIT Customers Adopt "Client Name" GIC Automation

2012

FEB

28

Toronto, Canada – Feb 28, 2012: Strategic Information Technology Limited (SIT) is pleased to announce that both General Bank of Canada and MonCana Bank of Canada have begun using Portfolio Plus to process "client name" GIC applications using the CANNEX Financial Network.

SIT Commits to GICSERV

2012

FEB

14

Toronto, ON, Canada – February 14, 2012: Strategic Information Technology Ltd. ("SIT") is pleased to announce that it is commencing its development of a GICSERV interface to its Portfolio Plus banking software platform.

Marathon Mortgage Chooses Portfolio Plus

2012

FEB

10

Strategic Information Technology Ltd. ("SIT") is pleased to announce that Marathon Mortgage Corporation has chosen Portfolio Plus for the administration of loans, loan syndication, and mortgage broker agent management.

SIT Completes 15 Upgrades in Twelve Months

2012

FEB

07

Toronto, ON, Canada – February 7, 2012: Strategic Information Technology Ltd. ("SIT") is pleased to announce that it has completed fifteen upgrades in the last twelve months.

Tax Updates Available for Portfolio Plus

2012

JAN

09

Toronto, Canada – January 9, 2012: Strategic Information Technology Ltd. (SIT) is pleased to announce the upcoming availability of tax updates to comply with the Canadian Revenue Agency changes. This tax update will be available in the January 15 (2012) Service Pack for Portfolio Plus 2012 and Portfolio Plus 2011. Customers with older versions of Portfolio Plus, or with unique delivery requirements, can contact customer support to get help.

Existing SIT customers can log on to SIT Advantage for more information.

HomEquity Loan Originations Up 42%

2012

JAN

09

TORONTO, Jan. 9, 2012 HomEquity Corporation today announced that in the fourth quarter of 2011 its subsidiary, HomEquity Bank, originated a record volume of reverse mortgages of $67.2 million - an increase of 42% over the fourth quarter of 2010.

SIT Launches Redesigned Advantage Website to Enhance Customer Support

2011

DEC

30

Strategic Information Technology Ltd. ("SIT") is pleased to announce that it has launched a redesigned SIT Advantage website to enhance customer support.

SIT Agrees to be Part of RDSP Advisory Committee

2011

NOV

22

Strategic Information Technology Ltd. ("SIT") is pleased to announce that it has agreed to be part of the RDSP Advisory Committee in conjunction with other financial insitutions and service providers.

SIT Interchange Agenda (October 24 & 25) Now Available

2011

SEP

19

SIT is pleased to announce the availability of the Interchange 2011 Agenda (October 24 & 25). Interchange is a yearly user conference that SIT hosts to help educate our customers while also giving them a great forumn to network and learn from each other. Hope to see you there!

SIT Releases Version 2012 of Portfolio Plus

2011

SEP

15

Strategic Information Technology is pleased to announce the release of Version 2012 of Portfolio Plus with over 110 enhancements that improve the functionality of all areas of Portfolio Plus including loans, term deposits, investments, retail banking, system administration and more.

Rob Leeming Inducted into Canadian Mortgage Hall of Fame

2011

SEP

09

Strategic Information Technology Ltd. (SIT) is pleased to announce that Rob Leeming, President of SIT, has been inducted into the Canadian Mortgage Hall of Fame.

SIT Announces Inaugural Deposit Industry Charity Event (DICE)

2011

JUN

14

SIT is pleased to announce the inaugural Deposit Industry Charity Event (DICE) to be held on September 27, 2011 at Sleepy Hollow Golf Club with net proceeds going to the Children's Help Phone. Please mark this date in your calendars!

Scotiabank Selects Portfolio Plus to Modernize Term Deposit Platform

2011

JUN

02

Toronto, Canada – June 2, 2011: Strategic Information Technology Limited (SIT) is pleased to announce that Scotiabank has chosen Portfolio Plus to replace the existing third party channel term deposit and investment system.

Announcing Portfolio Plus Deposit Insurance Guardian

2011

MAY

12

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.

MonCana Bank Chooses Portfolio Plus

2011

MAY

11

Toronto, Canada – May 11, 2011: Strategic Information Technology Limited (SIT) is pleased to announce that MonCana Bank of Canada has chosen Portfolio Plus to help manage broker focused term deposits.

RBC Moves Billions to Portfolio Plus

2011

APR

05

Toronto, ON, Canada – April 5, 2011: Strategic Information Technology Ltd. ("SIT") is pleased to announce that RBC, Canada's largest bank, has completed the conversion of billions of dollars' worth of financial products to the Portfolio Plus banking software platform.

Equity Financial Trust Chooses SIT

2011

MAR

4

Toronto, ON, Canada – March 4, 2011: Strategic Information Technology Ltd. ("SIT") is pleased to announce that Equity Financial Trust Company ("EFT") has chosen Portfolio Plus banking software as a strategic platform to accommodate their future growth.

Effort Trust Chooses Portfolio Plus

2010

DEC

21

Toronto, ON, Canada – December 21, 2010. Strategic Information Technology Ltd. ("SIT") is pleased to announce that Effort Trust has chosen SIT's Portfolio Plus banking software platform to position itself for future growth and increased customer satisfaction.

Equitable Trust Adopts Portfolio Plus Interface for Filogix FXLink

2010

NOV

18

Toronto, ON, Canada – November 18, 2010: Strategic Information Technology Ltd. ("SIT") is pleased to announce the availability of the Portfolio Plus Interface for Filogix FXLink.

SIT Announces Portfolio Plus 2011 with over 120 Enhancements

2010

SEP

20

Toronto, ON, Canada – September 20, 2010: Strategic Information Technology Ltd. ("SIT") is pleased to announce the release of Portfolio Plus 2011 adding over 120 enhancements to SIT's banking software platform.

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

2010

AUG

18

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.

SIT's Portfolio Plus Banking Software to Support 'Client Name' and Re-Registration Functionality

2010

AUG

17

Toronto, ON, Canada – August 17, 2010: Strategic Information Technology Ltd. ("SIT") is pleased to announce the release of automated client name functionality through the CANNEX Financial Network with Versions 2011 of SIT's Portfolio Plus banking software.

Barbara Baron is Promoted to CFO and Dianne Cupples is Promoted to VP Customer Support

2010

MAY

06

Stouffville, ON, Canada – May 6, 2010: Strategic Information Technology Ltd. ("SIT") is pleased to announce that Dianne Cupples has been promoted to Vice President, Customer Support, and that Barbara Baron has been promoted to Chief Financial Officer.

Your Neighbourhood Credit Union has Completed Chip Readiness Testing with Everlink and CUETS

2010

APR

29

Stouffville, Canada – April 29, 2010: Strategic Information Technology Limited ("SIT") is pleased that Your Neighbourhood Credit Union has completed "Chip Readiness Testing" with Everlink and CUETS.

PACE Savings and Credit Union Adopts Debit Card Velocity Enhancements

2010

APR

27

Stouffville, ON, Canada – April 27, 2010, 2010: Stouffville, Canada – April 27, 2010: Strategic Information Technology Limited ("SIT") is pleased to announce that PACE Savings and Credit Union ("PACE") has taken delivery of new debit card velocity monitoring enhancements for Portfolio Plus.

SIT Presented Award from Progress Software

2010

FEB

01

Toronto, Canada – February 1, 2010: Strategic Information Technology Limited ("SIT") is pleased to announce that it was presented the Business Focus award from Progress Software for recognition of SIT's market development efforts...

CIBC Upgrades to Portfolio Plus 2010

2010

JAN

24

Toronto, Canada – January 24, 2010: Strategic Information Technology Limited ("SIT") is pleased to announce that CIBC has completed its upgrade to Portfolio Plus 2010.....

SIT Announces CSRS Interface for Portfolio Plus

2010

JAN

18

Toronto, Canada – January 18, 2010: Strategic Information Technology Limited ("SIT"), a banking software company, is pleased to announce the beta availability of Canadian Securities Registration System (CSRS) interface for Portfolio Plus..."

CommunityLend Goes Live with P2P Lending Platform

2010

JAN

14

Toronto, ON, Canada – January 14, 2009: Strategic Information Technology Limited ("SIT") is pleased to announce that CommunityLend has gone live with its Peer-to-Peer lending platform utilizing SIT's Open Banking Interface for Portfolio Plus...."

Financial Post Features Article on CommunityLend

2010

JAN

12

January 12, 2010: The Financial Post ran an article (on December 30) on CommunityLend, one of SIT's banking software customers. In the article Colin Henderson is quoted as saying "We are not deliberately trying to compete with the banks. We believe we've got a better, more transparent business model, and in light of all the things that have happened in financial services, we believe transparency and simplicity are very important..."

SIT Announces Portfolio Plus InfoCloak Availability for Beta Testing

2010

JAN

11

January 11, 2010: Strategic Information Technology Limited ("SIT") is pleased to announce the availability of Portfolio Plus InfoCloak for beta testing. InfoCloak is a module of Portfolio Plus that facilitates data testing while enabling increased privacy using a unique banking data scrambling algorithm.

Investment Executive Magazine Features a Number of SIT Customers in Article

2010

JAN

05

January 5, 2010: The Investment Executive, a magazine that promotes itself as "Canada's Newspaper for Financial Advisors", ran a story on November 2, 2009, that featured a number of SIT customers that target the broker deposit market for CDIC insured term deposits.

Canadian Tire Financial Services Completes Upgrade to Portfolio Plus 2010

2009

DEC

06

December 6, 2009: Strategic Information Technology Limited ("SIT") is pleased to announce that Canadian Tire Financial Services has completed its upgrade to Portfolio Plus 2010.

HomEquity Bank Goes Live with Portfolio Plus 2010

2009

NOV

02

Toronto, Ontario – November 2, 2009: Strategic Information Technology Limited ("SIT") is pleased to announce that HomEquity Bank has gone live with Portfolio Plus 2010.

CHIP Receives Go Ahead to Launch HomEquity Bank

2009

OCT

13

Toronto, Ontario – October 13, 2009: Strategic Information Technology Limited ("SIT") is pleased to announce that CHIP Home Income Plan (CHIP) has received its Letters Patent and Order to Commence as a federally regulated Schedule I bank.

Xceed Mortgage Company Adopts Portfolio Plus

2009

SEP

18

Toronto, ON, Canada – September 18, 2009: Strategic Information Technology Ltd. ("SIT") is pleased to announce that Xceed Mortgage Corporation has chosen the Portfolio Plus banking software platform for use in raising deposits if and when Xceed becomes a federally regulated financial institution.

CommunityLend takes Another Step Forward for Peer-to-Peer Lending in Canada

2009

SEP

15

Toronto, ON, Canada – September 15, 2009: Strategic Information Technology Limited ("SIT") is pleased to announce that CommunityLend has taken another step forward towards opening the doors to operate a peer-to-peer lending business in Canada and has now been registered as a dealer in the category of limited market dealer in Ontario.

Portfolio Plus 2010 to be Released

2009

JUN

1

Toronto, ON, Canada – June 1, 2009: Strategic Information Technology Limited ("SIT") is pleased to announce the upcoming release of Portfolio Plus 2010 which includes dozens of new features that are aimed at improving efficiency and flexibility. SIT's Portfolio Plus banking software continues to be successful in banks, virtual banks, insurance companies, trust companies, loan companies, and credit unions.

Bishopstown Credit Union's Innovation to be Acknowledged by the Lord Mayor of Cork

2009

APR

23

Cork, Ireland – April 23, 2009: Bishopstown Credit Union is to be honoured with a reception being held by the Rt. Honourable the Lord Mayor of Cork, Councillor Brian Bermingham on May 6th next in the City Hall. This reception is to mark the innovative and progressive achievements Bishopstown Credit Union has made, to the benefit of its members.

CHIP Home Income Plan to Strengthen Strategy with Portfolio Plus

2009

MAR

13

Toronto, Ontario – March 13, 2009: Strategic Information Technology Limited ("SIT") is pleased to announce that CHIP Home Income Plan (CHIP) has chosen Portfolio Plus to help it strengthen its market position.

SIT Receives Payment Card Industry Certification

2009

JAN

16

Toronto, Canada – January 16, 2009: Strategic Information Technology Limited ("SIT") is pleased to announce that the card program solution, currently offered by SIT, meets the standards of the Payment Card Industry Security Standards Council and is in compliance as a Payment Card Industry Compliant Service Provider.

RBC Selects Portfolio Plus

2008

NOV

12

Toronto, Canada – November 12, 2008: Strategic Information Technology Limited ("SIT") is pleased to announce the signing of RBC to proceed with the Term Deposit Module of Portfolio Plus with the CANNEX Interface as a total solution to expand their nominee business. If testing is successful RBC will be moving forward with the SIT solution

Financial Post Congratulates Canadian Tire on Deposit Strategy

2008

NOV

6

Toronto, Ontario – November 6, 2008: Strategic Information Technology Limited ("SIT") is pleased that the Financial Post has commended Canadian Tire Financial Services' strategy to attract roughly $500-million in customer-deposited GIC accounts.

SIT Announces Open Banking Interface

2008

OCT

28

Toronto, Canada – October 28, 2008: Strategic Information Technology Limited ("SIT") is pleased to announce that it has released an open core banking interface to enable third party programs to leverage rich banking functionally that includes loans, investments, retail banking, and term deposits.

E-Services & Communications Credit Union to Adopt Portfolio Plus

2008

OCT

14

Toronto, Canada – October 14, 2008: Strategic Information Technology Limited ("SIT") is pleased to announce that E-Services Credit Union, located in Dublin, Ireland has chosen to adopt Portfolio Plus for its new strategic credit union banking system

PACE Savings and Credit Union Upgrades to Portfolio Plus 2008

2008

AUG

29

Toronto, Canada – August 29, 2008: Strategic Information Technology Limited ("SIT") is pleased to announce that PACE Savings and Credit Union ("PACE"), located in Vaughan, Ontario, Canada, has completed its upgrade to Portfolio Plus 2008

Bishopstown is First Irish Credit Union to Choose Portfolio Plus

2008

AUG

21

Toronto, Canada – August 21, 2008: Strategic Information Technology Limited ("SIT") is pleased to announce that Bishopstown Credit Union (Bishopstown) has chosen Portfolio Plus as their new strategic credit union software platform

Quest Capital Corporation Pursues Growth With Portfolio Plus

2008

JUL

2

Toronto, Canada – July 2, 2008: Strategic Information Technology Limited ("SIT") is pleased to announce that Quest Capital Corporation has chosen Portfolio Plus to help support their growth strategy in pursuing a deposit-taking licence. Quest Capital Corporation will implement Strategic Information Technology's mortgage and financial accounting modules immediately with plans to add the term deposit module in the near future

Equitable Trust Upgrades to Portfolio Plus 2008

2008

JUN

23

Toronto, Canada – June 23, 2008: Strategic Information Technology Limited ("SIT") is pleased to announce that Equitable Trust has completed their upgrade to Portfolio Plus 2008.

SIT to Add Power to CommunityLend's Social Lending Platform

2008

JUN

2

Toronto, Ontario: Toronto-based CommunityLend announced today that it has chosen to work with Strategic Information Technology Limited ("SIT") as a strategic service partner. CommunityLend will be using Portfolio Plus, a core SIT product, to deepen the functionality of its social lending platform. [read more] SIT to Add Power to CommunityLend's Social Lending Platform

ACC Farmers' Financial to Harvest Benefits of Portfolio Plus

2008

MAY

20

Toronto, Canada – May 20, 2008: Strategic Information Technology Limited ("SIT") is pleased to announce that ACC Farmers' Financial has picked Portfolio Plus to help advance the support of their agricultural loan programs … [read more] ACC Farmers Financial to Harvest Benefits of Portfolio Plus

SIT Announces Support for Tax Free Savings Accounts

2008

MAY

5

Toronto, Canada – May 5, 2008: Strategic Information Technology Limited ("SIT") is pleased to announce that it will be supporting Tax Free Savings Accounts within the Portfolio Plus Investment Module. This Tax Free Savings Account (TFSA) software will be available to all Canadian financial institutions who currently have SIT's Portfolio Plus banking software installed … [read more] SIT Announces Support for Tax Free Savings Accounts

SIT Announces Additional Loan Partner Functionality

2008

APR

30

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 … [read more] SIT Announces Additional Loan Partner Functionality

SIT Touts Stouffville Location

2008

APR

25

Toronto, Canada – April 25, 2008: Strategic Information Technology Limited ("SIT"), a banking software company, is pleased to announce that it has grown to over 100 employees and credits its Stouffville location for part of its success … [read more] SIT Touts Stouffville Location

Yukon Housing Upgrades to Portfolio Plus 2008

2008

MAR

19

Toronto, Canada – March 19, 2008: Strategic Information Technology Limited ("SIT"), a banking software company, is pleased to announce that Yukon Housing Corporation has upgraded to Portfolio Plus 2008 … [read more] Yukon Housing Upgrades to Portfolio Plus 2008

SIT Hosts Choice Bank's Virtual Banking with Portfolio Plus

2008

FEB

21

Toronto, Canada – February 21, 2008: Strategic Information Technology Limited ("SIT") is pleased to announce that Choice Bank, headquartered out of Belize City, Belize, has chosen SIT's flagship product, Portfolio Plus, to provide its virtual banking services … [read more] SIT Hosts Choice Bank's Virtual Banking with Portfolio Plus

Canadian Tire Financial Services Drives Term Deposits with Portfolio Plus

2008

JAN

7

Toronto, Canada – January 7, 2008: Strategic Information Technology Limited ("SIT") is pleased to announce that Canadian Tire Financial Services will be driving its term deposit growth with Portfolio Plus banking software.

General Bank Upgrades to Portfolio Plus 2008

2007

DEC

13

Toronto, Canada – December 13, 2007: Strategic Information Technology Limited ("SIT") is pleased to announce that General Bank of Canada, located in Edmonton, Alberta, has completed its upgrade to Portfolio Plus 2008 … [read more] General Bank Upgrades to Portfolio Plus 2008

DirectCash Invests in Banking System

2007

DEC

10

Toronto, Canada – December 10, 2007: Strategic Information Technology Limited ("SIT") is pleased to announce that DirectCash Management Inc. ("DirectCash") has chosen Portfolio Plus banking platform to facilitate and expand its existing transaction processing capabilities … [read more] DirectCash Invests in Banking System

CIBC Upgrades to Portfolio Plus 2007

2007

DEC

4

Toronto, Canada – December 4, 2007: Strategic Information Technology Limited ("SIT") is pleased to announce that CIBC has completed its upgrade to Portfolio Plus 2007 … [read more] CIBC Completes Upgrade to Portfolio Plus 2007

PACE Savings and Credit Union Credit Union Completes Threshold Certification

2007

NOV

23

Toronto, Canada – November 23, 2007: Strategic Information Technology Limited ("SIT") is pleased to announce that PACE Savings and Credit Union ("PACE"), located in Vaughan, Ontario, Canada, has completed the Threshold certification process and is now operational using the Threshold ISO interface … [read more] PACE Credit Union Completes Threshold Certification

Agricultural Development Bank Upgrades to Portfolio Plus 2008

2007

NOV

12

Toronto, Canada – November 12, 2007: Strategic Information Technology Limited ("SIT") is pleased to announce that Agricultural Development Bank ("ADB") has completed its upgrade to Portfolio Plus 2008 … [read more] Agricultural Development Bank Upgrades to Portfolio Plus 2008....

State Bank of India Goes Live with Portfolio Plus 2007

2007

OCT

4

Toronto, Canada – October 4, 2007: Strategic Information Technology Limited ("SIT") is pleased to announce that State Bank of India (Canada) (SBI Canada) has gone live with Portfolio Plus 2007 … State Bank of India Goes Live with Portfolio Plus 2007 ....

Portfolio Plus 2008 Released

2007

SEP

15

Toronto, Canada – September 15, 2007: Strategic Information Technology Limited ("SIT") is pleased to announce the release of Portfolio Plus 2008 which includes dozens of new features that are aimed at improving efficiency and flexibility … [read more] Portfolio Plus 2008 Released

State Bank of India Acts to Expand Term Deposit Business

2007

JUL

23

Toronto, Canada – July 23, 2007: Strategic Information Technology Limited ("SIT") is pleased to announce that State Bank of India (Canada) (SBI Canada) has chosen Portfolio Plus to help increase their success in the Canadian financial market … [read more] State Bank of India Acts to Expand Term Deposit Business ....

SIT Congratulates Grand River Credit Union and Mitchell & District Credit Union on their Merger Plans

2007

JUL

16

Toronto, Canada – July 16, 2007: Strategic Information Technology Limited ("SIT") is pleased to announce that two of its customers, Grand River Credit Union and Mitchell & District Credit Union have decided to pursue a merger. It is planned that the merged credit unions will be operated under the name Your Neighbourhood Credit Union, which is a credit union that Grand River had merged with at an earlier date … [read more] Grand River Credit Union to Merge with Mitchell & District Credit Union ....

ING Bank of Canada Selects Portfolio Plus Investment System

2007

MAY

15

Toronto, Canada – May 15, 2007: Strategic Information Technology Limited ("SIT") is pleased to announce that ING Bank of Canada has purchased investment functionality for their existing Portfolio Plus banking software system … [read more] ING Bank of Canada Selects Portfolio Plus Investment System

Korea Exchange Bank of Canada Expands Term Deposit Business using Portfolio Plus

2007

MAR

28

Toronto, Canada – March 28, 2007: Strategic Information Technology Limited ("SIT") is pleased to announce that Korea Exchange Bank of Canada has chosen Portfolio Plus to facilitate term deposits that are sold using brokers and the CANNEX network … [read more] Korea Exchange Bank of Canada

Credit Union Seminar: Growth Strategies 2007

2007

MAR

7

SIT held a Credit Union Seminar on March 7, 2007. Based on the feedback sheets it was VERY successful. Thanks to our partners, credit unions, and all that attended. We had a wonderful time and can't wait to do another one! Stay tuned … [read more] Credit Union Seminar

ING Bank of Canada Selects Portfolio Plus to Address Deposit Nominee Business

2007

JAN

15

Toronto, Canada – January, 2007: Toronto, Canada – January 15, 2007: Strategic Information Technology Limited ("SIT") is pleased to announce that ING Bank of Canada has chosen Portfolio Plus to manage broker-originated term deposits … [read more] ING Bank of Canada Selects Portfolio Plus to Address Deposit Nominee Business

SIT Advertisement: Enterprise Magazine

We haven't advertised for the past two years - yet we have more customers interested in us than ever. Go figure. Yet, for fun, we thought we should do at least one advertisement. Here it is. We advertised in "Enterprise Magazine" largely because of its quality typography, writing and overall design … Click Here to See our Ad ....

Community Trust Chooses Portfolio Plus to Accomodate Growth

2006

DEC

11

Toronto, Canada – December 11, 2006: Strategic Information Technology Limited ("SIT") is pleased to announce that Community Trust, located in Toronto, Ontario, has selected Portfolio Plus to replace their current environment and address their future growth initiatives … [read more] Community Trust Chooses Portfolio Plus to Accomodate Growth

Credit Union Central of Ontario Chooses Portfolio Plus

2006

NOV

30

Toronto, Canada – November 30, 2006: Strategic Information Technology Limited ("SIT") is pleased to announce that Credit Union Central of Ontario ("Central") has chosen Portfolio Plus to manage its loan portfolio … [read more] Credit Union Central of Ontario Chooses Portfolio Plus

Mitchell and District Credit Union Chooses Portfolio Plus

2006

OCT

13

Toronto, Canada – October 13, 2006: Strategic Information Technology Limited ("SIT") is pleased to announce that Mitchell District Credit Union has chosen Portfolio Plus as its credit union banking platform … [read more] Mitchell and District Credit Union Chooses Portfolio Plus

Portfolio Plus 2007 to be Released

2006

SEP

13

Toronto, Canada – September 13, 2006: Strategic Information Technology Limited ("SIT") is pleased to announce the upcoming release of Portfolio Plus 2007, a continued advancement of SIT's enterprise banking platform that has proven to be successful with market leading banks, insurance companies, trust companies, loan companies, and credit unions … [read more about] Portfolio Plus 2007

SIT Announces Support for Future CANNEX Functionality

2006

SEP

13

Toronto, Canada – September 13, 2006: Strategic Information Technology Limited ("SIT") is pleased to announce support for upcoming CANNEX functionality.

"This new CANNEX functionality will enable the automation of early redemptions of cashable GICs , the re-registration and transfer of GICs, as well as month position reconciliation", says G. Robert Leeming, CEO of SIT. "These enhancements will dramatically increase the throughput of Term Deposit, GIA, and GIC business for high volume brokers, dealers, and financial institutions." [read more] CANNEX Initiatives

SIT Partners with Interprise Solutions for E-Statement Delivery and Imaging

2006

AUG

28

Toronto, Canada – August 28, 2006: Strategic Information Technology Limited ("SIT") is pleased to announce the choice of Interprise Solutions, makers of DOXIM Enterprise Content Manager (ECM), as a strategic partner to facilitate the production of e-statements, in addition to document management and archiving … [read more] SIT Partners with Interprise Solutions for E-Statement Delivery

AGF Trust Company Provides Additional Agent Web Query Capability for Loans, Term Deposits and Investments

2006

JUN

13

Toronto, Ontario, June 13, 2006: AGF Trust Company today announced additional Advisor web query capability which provides for full comprehensive sales summary and account level data for all agent based account activity administered by AGF's suite of financial services, complimenting the existing query capability provided by the AGF … [read more] AGF Trust Provides Additional Web Query Capability

MCAP Inc. Goes Live with Portfolio Plus for Term Deposit Business

2006

FEB

15

Toronto, Ontario, February 15, 2006: Strategic Information Technology Limited ("SIT") is pleased to announce that MCAP Inc. has gone into production with Version 11 of Portfolio Plus … [read more] MCAP Inc. Goes Live with Portfolio Plus for Term Deposit Business

SIT Customer News: Another Stellar Year for Manulife Financial Corporation

2006

FEB

9

Toronto, Canada – February 9, 2006: Manulife Financial Corporation released record financial results today … [read more] Another Stellar Year for Manulife Financial Corporation

Grand River Completes Merger of Banking Systems

2006

JAN

16

Toronto, Canada – January 16, 2006: Strategic Information Technology Limited ("SIT") is pleased to announce that Grand River Credit Union, located in Waterloo, Ontario with branches in the Waterloo, Kitchener, Cambridge, Brantford and Paris regions has completed the merger of their banking systems on to the Portfolio Plus banking platform … [read more] Grand River Completes Merger of Banking Systems

General Bank now Live with Portfolio Plus

2005

OCT

31

Toronto, Canada – October 31, 2005: Strategic Information Technology Limited ("SIT") is pleased to announce that General Bank of Canada, located in Edmonton, Alberta, has gone live with Portfolio Plus and is now executing its business plan for providing indirect consumer financing to Canadian franchised dealerships … [read more] General Bank Now Live with Portfolio Plus

MCAP Inc. Decides on Portfolio Plus for Term Deposits

2005

OCT

31

Toronto, Canada – October 31, 2005: Strategic Information Technology Limited ("SIT") is pleased to announce that MCAP Inc., located in Toronto, Ontario, has chosen Portfolio Plus to help increase the functionality of its term deposit business … [read more] MCAP Inc. Decides on Portfolio Plus for Term Deposits

Version 11 of Portfolio Plus is Released

2005

SEP

21

Toronto, Canada – September 21, 2005: Strategic Information Technology Limited ("SIT") is pleased to announce that Version 11 of Portfolio Plus was released at midnight, September 15, 2005. Version 11 of Portfolio Plus adds functionality for all banking software subsystems including: Term Deposits, Loans, Mortgages, Retail Banking, Investment Management and the Universal Gateway … [read more] About Version 11 of Portfolio Plus

Congratulations to Ric McGratten

2005

SEP

21

Toronto, Canada – September 21, 2005: Strategic Information Technology Limited ("SIT") would like to congratulate Ric McGratten, President and CEO of MCAP Mortgage on his induction into the Canadian Mortgage Hall of Fame by the Canadian Institute of Mortgage Brokers and Lenders (CIMBL) Foundation. The CIMBL foundation will be hosting a gala on September 22, 2005, at the Fairmont Royal York Hotel, to formally induct Mr. McGratten … [read more] About Ric McGratten

PACE Savings and Credit Union Automates Documents with Office Link

2005

SEP

21

Toronto, Canada – September 21, 2005: Strategic Information Technology Limited ("SIT") is pleased to announce that PACE Savings and Credit Union ("PACE"), located in Vaughan, Ontario, Canada, has chosen to upgrade their current banking software to include OfficeLink, a Portfolio Plus product which allows for seamless and customized automation of client correspondence … [read more] About Banking Document Automation at PACE

 

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