Banking Software News:

General Bank Upgrades to Portfolio Plus 2008

Toronto, Canada – December 13, 2007: Portfolio+ Inc. is pleased to announce that General Bank of Canada, located in Edmonton, Alberta, has completed its upgrade to Portfolio Plus 2008.

“The upgrade to Portfolio Plus was easy to manage,” said Gord Mooney, Chief Operating Officer of General Bank, “and we were especially pleased with the new electronic documentation facility, workflow optimization, and Metro-2 reporting enhancements.”

“Our customers have become market leaders by embracing innovation,” said G. Robert Leeming, President of Portfolio+ Inc., “and we help them maintain their leadership by consistently improving Portfolio Plus. This means we deliver yearly releases, along with quarterly service packs, to ensure our customers have the latest features.”

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 General Bank of Canada

Located in Edmonton, Alberta, General Bank of Canada is owned by Firstcan Management Inc, a privately held company with diverse interests related to the automotive industry. The incorporation of a bank further expands the financial services of the group which currently includes a regulated life and disability insurance provider, First Canadian Insurance Corporation, and a property and casualty company, Millennium Insurance Corporation. General Bank of Canada was the first private company in Canada to be issued a banking charter.

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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