Banking Software News:

PACE Credit Union Completes Conversion of North York Credit Union System to Portfolio Plus

Toronto, Canada – September 29, 2007: Portfolio+ Inc. is pleased to announce that PACE Credit Union, located in Vaughan, Ontario, Canada, completed the computer system integration of North York Credit Union.

“This is the fifth major conversion that the Portfolio+ team has helped us with,” said Phillip Smith, Manager of Banking and Information Systems. “We had a very demanding schedule and they worked with us after hours and on weekends to complete the conversion from the Ovation system to Portfolio Plus. Our partnership has once again proven to be a great asset.”

Portfolio Plus, with its Plug-In Banking architecture, offers a complete credit union solution that allows for flexibility in growth and functionality.

"We want to congratulate PACE Credit Union on their recent merger and believe our partnership will continue to grow stronger over the years,” said G. Robert Leeming, President of Portfolio+ Inc. “It takes more than technology and a business plan to be successful. You need strong partner relationships to sustain success in the long term. We have that kind of partnership with PACE Credit Union.”

Today, Portfolio Plus is being used by banks, virtual banks, credit unions, trust companies, loan companies, insurance companies, and government agencies.

About PACE Credit Union

Established in 1938, PACE Savings & Credit Union Ltd. is a leading financial institution and one of Ontario's largest credit unions with over $290 million in assets and close to 22,000 members. Offering a full range of financial products, aggressive power rates and a dedication to personalized service, PACE provides a superior banking experience to individuals, businesses and non-profit organizations in the communities it serves.

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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