| OSFI and DICO

Portfolio Plus Regulator

SIT to Release Portfolio Plus Regulator Expert System

Toronto, ON, Canada – October 29, 2012: 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.

We designed and built Portfolio Plus Regulator in order to make it possible for our customers to respond easily and rapidly to regulatory change without need for expensive software changes,” said G. Robert Leeming. “This is done on a template basis which the user controls. We are supplying OSFI and DICO templates for the initial deliveries but will also be supplying FSA and other regulatory reports as we roll out the Regulator internationally. The Regulator cuts days of manual effort out of the monthly report preparation and will boost productivity for our customers."

In 2011 SIT embarked on the development of several Portfolio Plus Expert systems to help financial institutions automate large scale processes. Portfolio Plus Regulator is one of a number of these expert systems which includes Portfolio Plus Regulator, to facilitate regulatory reporting, Portfolio Plus Collector, to automate collections, Portfolio Plus Originator, to automate loan originations, and Portfolio Plus Forecaster, to predict the cash flow of assets and liabilities.

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 Strategic Information Technology Limited

SIT, formed in 1988, develops and markets Portfolio Plus which is used by customers like RBC, CIBC, TD, ING Bank of Canada, PC Bank, Canadian Tire, and Manulife. Portfolio Plus offers a 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 and/or refreshed on March 28, 2017 @ 10:53:46
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
The page subject is: Regulatory Reporting