Scotiabank Selects Portfolio+ to Modernize a Term Deposit Platform

Toronto, Canada – June 2, 2011: Portfolio+ Inc. is pleased to announce that Scotiabank has chosen Portfolio+ to replace the existing third party channel term deposit and investment system.

We look forward to partnering with Scotiabank to deliver an attractive array of term deposit products to Canadians," said G. Robert Leeming, President of Portfolio+ Inc., "and we are honoured to be chosen as a business partner. Working with the team at Scotiabank has been a pleasure."

Scotiabank joins other large Canadian financial institutions who depend on SIT's banking software solution as a vital part of their overall growth strategy.

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.

About Scotiabank

Scotiabank is one of North America's premier financial institutions, and Canada's most international bank. Since welcoming their first customers in Halifax, Nova Scotia, in 1832, Scotiabank has continued to expand its global reach. Today, through a team of more than 70,000 employees, Scotiabank Group and its affiliates offer a diverse range of products and services, including personal, commercial, corporate and investment banking, to some 18.6 million customers in more than 50 countries around the world.

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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