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Banking Software News from SIT

ING Bank of Canada Selects Portfolio Plus to Address Deposit Nominee Business

Toronto, Canada – January 15, 2007: Portfolio+ Inc. is pleased to announce that ING Bank of Canada has chosen Portfolio Plus to manage broker-originated term deposits.

“We want to congratulate ING Bank of Canada on their outstanding Canadian success to date and look forward to supporting their future plans for growth in Canada” says G. Robert Leeming, President of Portfolio+ Inc.

Portfolio Plus offers a Plug-In Banking platform that is affordably priced and scalable for large or small deployments. Installations of Portfolio Plus can include modules for web banking, loans, mortgages, term deposits, investments, accounting, retail banking, CANNEX, FundServ, ATM/POS switch interfaces, and more.

About ING Direct Canada

ING DIRECT currently has over one million Canadian clients, and over $14 billion in total assets. There are over 750 employees employed within Canada. With worldwide banking and insurance assets exceeding $1 Trillion (CDN), ING is one of the twenty largest financial services companies in the world. Headquartered in Amsterdam, ING employs over 115,000 people in more than 65 countries.

ING DIRECT is the operating name of ING Bank of Canada, a member of ING. ING Bank of Canada is a Schedule II chartered Canadian bank. ING stands for Internationale Nederlanden Group.

ING DIRECT is regulated, as with any other bank, by the Office of the Superintendent of Financial Institutions (OSFI) and is a member of the Canadian Deposit Insurance Corporation.

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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