Toronto, ON, Canada – October 29, 2012: 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.
The ongoing act of balancing assets and liabilities to optimize bottom line results are at the heart of any financial institution’s activities,” said G. Robert Leeming. “Portfolio Plus Forecaster supplies the analytics which enable executives to visualize a book of business over time. Decisions can then be made and supported based on the solid analysis of the model."
In 2011 SIT embarked on the development of several Portfolio Plus Expert systems to help financial institutions automate large scale processes. Portfolio Plus Forecaster is one of a number of these expert systems which includes Portfolio Plus Collector, to automate collections, Portfolio Plus Surveillant AML/ATF, to monitor and report on suspicious transactions, and Portfolio Plus Originator, to automate the underwriting of mortgages.
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.
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:
Strategic Information Technology
Telephone: 905-640-0808 x452
Questions? We have answers.
This page was created or refreshed on February 20, 2019 @ 10:20:44
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
You're here to learn about: Asset Liability Matching Profitability