Toronto, ON, Canada – February 11, 2013:Portfolio+ Inc. is pleased to announce it has completed an interface to CreditExpo’s ECM Analytics product, which enhances credit risk analysis.
"We’ve worked with Portfolio+ for the better part of a year to ensure that Portfolio Plus can feed data to ECM Analytics, our credit risk platform,” says Patrick Shallow, Managing Director of CreditExpo. “And we look forward to continuing to ensure that all Portfolio Plus customers have access to our credit risk management solution.”
With the ECM Analytics interface, Portfolio Plus exchanges data securely with a third-party credit risk management system, providing Portfolio Plus customers with even more tools for managing credit risk.
“We became aware of the ECM Analytics solution over two years ago and made a commitment at that time to provide an interface,” said G. Robert Leeming, President of Portfolio+ Inc. “We’re happy to see this implementation moving forward and anticipate that more Portfolio+ customers will want to adopt this credit risk solution.”
The ECM Analytics interface first launched with E-Services and Communication Credit Union in Ireland. “We’ve been working closely with Portfolio+ and CreditExpo to ensure we can use ECM Analytics to help analyze our credit portfolio to minimize risk,” said Fergus Casey, General Manager of E-Services and Communication Credit Union.
The ECM Analytics interface is now available for all Portfolio Plus users interested in exploring the benefits of an integrated credit risk management solution.
Portfolio Plus enables credit unions, banks, trust companies, virtual banks, and other financial organizations to implement their own flavour of mobile banking to capture the best possible market advantage.
ECM Analytics originated from its designer’s professional experience in a range of senior management roles within the banking industry, alternately in mortgage finance and in retail lending, where he saw at first hand the damage caused to those businesses by ungrounded estimations of credit risk and by static spreadsheets. In 2001, he established CreditExpo to develop and to patent an alternative empirical approach—ECM Analytics, simultaneously researching the field and completing a PhD thesis on best international practice and on the new methodology. Following several installations of the software and back testing of results, ECM Analytics is currently being adopted as the new credit risk standard and expert system by many Irish credit unions and other lenders; the solution is now available internationally.
For more information:
+353 (01) 716 3671 Fax: +353 (01) 716 3709
On the Web at: www.creditexpo.ie
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.