Concentra Financial Now Live on CANNEX Financial Network

Toronto, ON, Canada – August 20, 2013: Portfolio+ Inc. is pleased to announce that Concentra Financial has implemented the Portfolio Plus CANNEX Interface to automate the sale of GIC and term deposit products.

"The implementation went very smooth, and we’re now accepting nominee business over the CANNEX Financial Network," said Dallas Marce, Senior Vice-President of Financial Intermediation, Concentra Financial. "By utilizing the combination of Portfolio Plus automation and CANNEX, we are now able to efficiently process nominee deposits while providing excellent service to the deposit brokers."

"We've enjoyed a great partnership with Concentra since 1997," said G. Robert Leeming, President of Portfolio+ Inc. "As a result of this close relationship, we’ve collaborated on a number of investment and deposit products for the Canadian market. Concentra’s strategic long-term approach fits really well with Portfolio+'s mission to enhance the performance of our customers through the use of our products and services."

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.

About Concentra Financial

Founded on partnership, thriving on co-operation, and with a commitment to superior and innovative solutions, Concentra Financial works with credit unions and strategic partners to enhance the success of the Canadian credit union system and its members by delivering a full suite of competitive, high-quality financial and trust services.

Concentra Financial has a strong track record of empowering Canada's credit unions. The company is dedicated to continuously refining its business practices to meet the demand of a dynamic financial services industry and expanding financial targets, while remaining market-relevant and delivering profit back to the credit union system – through our business solutions and in dividend returns to our shareholders. Concentra Financial has experienced consistent, profitable growth since 2009.

Other important facts about Concentra Financial:

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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