Toronto, ON, Canada – October 29, 2012: Portfolio+ Inc. is pleased to announce the upcoming release of Portfolio Plus Forecaster – an expert system that can predict cash flows and profitability in relation to asset and liability financial instruments in any given book of business.
The ongoing act of balancing assets and liabilities to optimize bottom line results are at the heart of any financial institution’s activities,” said G. Robert Leeming. “Portfolio Plus Forecaster supplies the analytics which enable executives to visualize a book of business over time. Decisions can then be made and supported based on the solid analysis of the model."
In 2011, Portfolio+ Inc. embarked on the development of several Portfolio Plus Expert systems to help financial institutions automate large scale processes. Portfolio Plus Forecaster is one of a number of these expert systems which includes Portfolio Plus Collector, to automate collections, Portfolio Plus Surveillant AML/ATF, to monitor and report on suspicious transactions, and Portfolio Plus Originator, to automate the underwriting of mortgages.
Since 1988 Portfolio Plus has enabled 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+ 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.