Toronto, Canada – October 28, 2008: Portfolio+ Inc. is pleased to announce that it has announced an open core banking interface to enable third party programs to leverage rich banking functionally that includes loans, investments, retail banking, and term deposits.
"We believe we’re the first banking software company to deliver an open core banking interface,” said G. Robert Leeming, President of Portfolio+ Inc. “We’ve been working very hard, with our business partners to refine our approach over the last ten years and I’m very glad to see this day has finally arrived.”
Using common industry protocols like Java Messaging Service (JMS), the Portfolio Plus Open Banking Interface can be accessed by common technology interfaces like .net, PHP, Ruby on Rails, PHP, C++, WebSphere, and more.
“Without the Portfolio Plus Open Banking Interface I don’t know how we could have created a peer to peer banking platform that also met our user interface goals,” said Colin Henderson, Chief Marketing Officer at CommunityLend. “We have tremendous flexibility and power. We leverage the flexibility of the Ruby on Rails development platform and the power of Portfolio Plus core banking.”
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.
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.