Toronto, Canada – April 30, 2008: Portfolio+ Inc. is pleased to announce that it will be adding enhanced loan partner functionality within Portfolio Plus.
“Our business partners told us that they wanted more flexibility in the way loans were syndicated and how pari passu loan partners were serviced,” said G. Robert Leeming, President of Portfolio+ Inc. “After careful analysis, and consultation with partners who regularly communicate their needs to us, we embarked on an approach that leverages the strength of our investment system. As such, in future releases, our business partners will be able to offer their customers more options and flexibility.”
These enhancements will be available to existing customers who are using pari pasu loan partners today (within Portfolio Plus 2008) and all future versions of Portfolio Plus. Using this approach, business partners will be able to offer a myriad of registered and unregistered investment account options including interest accounts, term deposits, stocks, bonds, and mutual funds. The regulatory capabilities are also enriched because the system will produce T5’s, NR4’s and government XML uploads, as required.
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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by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
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