Portfolio+ Inc. Announces Deposit Insurance Guardian to Support CDIC Fast Insurance Determination Requirements

Toronto, Canada – May 12, 2011: Portfolio+ Inc. is pleased to announce the upcoming release of the Deposit Insurance GuardianTM for Portfolio Plus to facilitate the requirements for CDIC Fast Insurance Determination.

"When the CDIC first released its specifications for its Fast Insurance Determination, we focused on designing a solution to help our bank and trust company customers fulfill that short term need," said G. Robert Leeming. "But after further analysis we determined that a separate product could better support future changes in both Portfolio Plus and the CDIC Fast Insurance Determination specifications."

"We would also like to praise the CDIC for doing an outstanding job communicating this requirement to our customers and allowing Portfolio+ Inc. to participate in meetings. This type of forethought and planning will help support Canada’s position as a leader in banking."

Portfolio Plus Guardian will be made available for all versions of Portfolio Plus.

Portfolio Plus enables 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. Portfolio Plus, with its Plug-In BankingTM architecture, enables financial organizations to add functionality as they require it, making it one of the most versatile solutions in the market.

About Portfolio+ Inc.

Portfolio+ Inc. connects financial institutions with customers and partners using innovative technologies. Its software solutions and open banking technology are used by financial institutions in Canada, Ireland, and the UK. With its powerful +Open Banking Platform and fully documented APIs, Portfolio+ has the power to connect banks, credit unions, and financial institutions with an evolving ecosystem of financial services technology that is putting everyday customers in control of their financial data.

Located in the Greater Toronto Area (GTA), Portfolio+ is used by 6 of the 7 largest financial institutions in Canada and is a part of Volaris Group Inc.


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