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Royal Bank of Canada (RBC)

RBC Moves Billions to Portfolio Plus

Toronto, ON, Canada – April 5, 2011: Portfolio+ Inc. is pleased to announce that RBC, Canada's largest bank, has completed the conversion of billions of dollars’ worth of financial products to the Portfolio Plus banking software platform.

"We worked closely with RBC to ensure we had adequately planned for this conversion and I’m happy to say that the teams at RBC and Portfolio+ Inc. worked the plan flawlessly," said G. Robert Leeming, President of Portfolio+ Inc. "We had two dry runs before the actual conversion and made incremental improvements after each. It was a pleasure working with the team at RBC."

Portfolio Plus banking software platform enables loan companies, banks, trust companies, credit unions, and other financial organizations to exploit an Open Banking Interface to interconnect de facto financial industry technologies to seize a market advantage.

About RBC

Royal Bank of Canada and its subsidiaries operate under the master brand name RBC. RBC is Canada's largest bank as measured by assets and market capitalization, and among the largest banks in the world, based on market capitalization. RBC is one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis. RBC employs approximately 78,000 full- and part-time employees who serve close to 18 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 51 other countries.

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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