Banking Software News

State Bank of India Goes Live with Portfolio Plus 2007

Toronto, Canada – October 4, 2007: Portfolio+ Inc. is pleased to announce that State Bank of India (Canada) (SBI Canada) has gone live with Portfolio Plus 2007.

“Our partnership with State Bank of India continues to grow,” says G. Robert Leeming, President of Portfolio+ Inc., “and we are honoured to be a part of their success in Canada.”

Portfolio Plus offers a Plug-In BankingTM 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 State Bank of India (Canada)

State Bank of India (Canada), a wholly owned subsidiary of State Bank of India, has been operating in Canada at two locations (Toronto and Vancouver) for more than a decade, extending various facilities to Indians settled in Canada such as remittance of funds through a network of over 9000 offices of State Bank of India, the largest commercial bank in India. SBI Canada has also been instrumental in fostering trade ties between India and Canada by extending financial, advisory and logistic support to Canadian and Indian Corporations.

State Bank of India is the largest bank in India with over 180 years of banking experience. Today, State Bank of India ranks among the top 25 commercial banks in Asia with assets exceeding US$145 billion. State Bank of India operates worldwide through an extensive network, with 50 offices in 34 countries.

For more information on State Bank of India, their products, services and latest updates on Indian economic and banking developments, please visit

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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