Strategic unveils MultiMAX UCP Universal Cash Management Product

Hamilton, Bermuda - 11 May 2010

Strategic, the worldwide provider of online and mobile cash management software products, is pleased to announce that it is launching a new version of its next generation real-time multi-channel cash management and online banking suite code-named “MultiMAX UCP” in the next 30 days.

Founded in 2008 by executives from international tier-1 banks, Strategic provides innovative multi-channel multi-country multi-lingual software products that embrace business process best practice and are massively configurable. MultiMAX UCP is the first in a series of new MultiMAX product releases that will be progressively released through global service providers in the US, Europe and Asia Pacific. According to Managing Director Mark S. Allcock, formerly with Citi, Credit Suisse and JP Morgan, MultiMAX UCP has been designed to bring banks closer to their customers by enabling configurable business processes to extend across what has historically been a closed-border between banks and their business customers.

“By stimulating thought leadership around end-to-end business processes and reflecting this into productized solutions we are determined to disrupt legacy thinking and embrace new business models that will result in more efficient electronic relationships between businesses, banks and their IT service partners” said Mr. Allcock.

“Throughout their careers, Strategic’s Directors have been at the forefront of innovative financial transactions and technological change. I am impressed by Strategic’s vision and what the management team is seeking to do with their new MultiMAX products” said Mr. Mark Bird, a former customer and Director at ING”

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