Selkirk Positioned to Replicate Success of Its Fortune 500 Treasury System over the Internet Using Microsoft .NET Technology

Selkirk Positioned to Replicate Success of Its Fortune 500 Treasury System over the Internet Using Microsoft .NET Technology

February 13, 2002, San Francisco -- Selkirk Financial Technologies Inc., leading developers of treasury management solutions, announced today an early access release of its treasury management service, Treasury AnywhereTM, based on Microsoft ASP.NET.    Utilizing Microsoft cutting edge technology, Visual Studio .NET and the .NET Framework, Treasury Anywhere was designed to run over the Internet to help small/mid-sized companies in improving the management of cash and financial risk. Service launch is in Q2 2002.

Our Treasury Anywhere service leverages the proven business logic of our Fortune 500 Treasury Managerâ product, adopted by over 750 treasury professionals world wide," said Lyndon Harvey, chief operating officer at Selkirk Financial Technologies. For over a decade, Selkirk has been committed to treasury technology in helping large organizations move billions of dollars on a daily basis. Said Harvey, With our new treasury offering based on Microsoft ASP.NET, Selkirk intends to replicate this success for small/mid-sized organizations and treasury operations of corporate subsidiaries."

Adopting Microsoft Visual Studio .NET and the Microsoft .NET Framework allowed us to take advantage of our existing skills and knowledge in Microsoft technologies for rapid development and scheduled time to market," said Hugh K. Richards, vice-president of product operations. We used the sophisticated features of the Microsoft .NET Framework to create a highly secure, scaleable and reliable web-hosted treasury offering." Microsoft ASP.NET also greatly reduced Selkirks deployment costs as it integrates with the Microsoft .NET Enterprise Servers. Said Richards, As a result, Selkirk was able to focus more effectively on treasury functionality and service quality."
"Microsoft is pleased that Selkirk chose the Microsoft .NET platform to deliver customers a comprehensive Internet-based treasury management service," said Mike Culver for the Developer and Platform Evangelism Division at Microsoft Corp. "Selkirks Treasury Anywhere built on Microsoft Visual Studio .NET and the Microsoft .NET Framework will provide an innovative and exciting new treasury service to meet the needs of our mutual customers in broader markets."
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Treasury Anywhere enables a broad range of institutions with limited time, capital and scarce resources to eliminate administrative record keeping and data-entry tasks. By automating repetitive workflow, integrating information from multiple financial institutions, and consolidating financial activity into one system, treasuries will have a complete and accurate picture of their daily cash position and forecast, 24/7.

Microsoft technology has been instrumental in our success of delivering leading-edge treasury solutions to our customers," said James W. Suttie, Selkirks president and CEO. Our relationship with Microsoft in the delivery of Treasury Anywhere strengthens our commitment to providing robust technology products and customer-focused services to the treasury management industry."

About Selkirk Financial Technologies Inc.
Selkirk Financial Technologies Inc. is a leading provider of world-class treasury management systems and services. For over a decade, Selkirk has helped organizations optimize their financial performance. Today, more than 150 prestigious clients -- including Hitachi, TDK USA, Lexmark and MasterCard -- rely on Selkirks sophisticated treasury solutions for managing liquidity, forecasting cash flow, consolidating bank information and mitigating risk. Since the release of its first treasury system, Selkirk has experienced tremendous growth and was awarded the Deloitte & Touche Technology Fast 500 -- a ranking of the 500 fastest growing companies in North America. Selkirk is also a recipient of the Fast 50 and Profit 100 awards. For additional information, visit www.SelkirkFinancial.com.

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