TORONTO, Ontario -- September 8, 2015 -- Portfolio+ Inc. announced today that Credit Unions of B.C., through Central 1 Credit Union, are leveraging the company's investment software to offer the new B.C. Training and Education Savings Grant (BCTESG) to credit unions across British Columbia. Credit Unions of B.C. are the first financial institutions in the province to make this grant available to B.C. families, which is now available at 38 partner credit unions and their 365 branches.
"We know that education is the most important investment parents can make for their children's future," said Bob Perfonic, Director of Financial Services for Central 1 Credit Union. "This grant is a great opportunity for many families start saving early--and it's an incredible incentive for our members to come out and open RESPs for their children. By making this grant available, we're ensuring our members have access to every investment opportunity that's available to them."
Portfolio+ Inc.'s investment software is a part of the company's complete suite of banking and financial services software. In addition to managing unique mortgage investment products, stocks, bonds, mutual funds, cash, and deposits, you also have the technology to administer highly regulated Canadian investment products. Registered Educations Savings Plans (RESPs), Registered Retirement Savings Plans (RRSPs), and many more, including RRISs, RDSPs, and TSFAs can all be managed on Portfolio+'s investment software. And when regulations change, so does the software--with regulatory changes that are made available through future software updates.
"We get excited when we see our customers first to market with new products," said Chris Buck, CEO and President of Portfolio+ Inc. "By being the first, Central 1 is sending a powerful message to its customers. And, in turn, it shows the entire industry how efficient the right investment software can be--families throughout B.C. can walk into hundreds of participating branches and apply for this grant. We're proud to see our technology behind that."
The B.C. Training & Education Savings Grant is a $1200 provincial grant available to children when they turn six. Parents must apply for the grant before the child turns nine. For more information on eligibility, please visit the government of British Columbia's website. (http://www2.gov.bc.ca/gov/content/education-training/k-12/support/bc-training-and-education-savings-grant)
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.