Toronto, Canada – November 30, 2006: Portfolio+ Inc. is pleased to announce that Credit Union Central of Ontario (“Central”) has chosen Portfolio Plus to manage its loan portfolio.
“We worked hard to find a vendor that would provide an affordable and scalable solution to help provide better service to our clients,” said Stephen Ellis, VP Treasury and Lending, at Central. “In addition, we feel that Portfolio Plus provides an open architecture to respond to a rapidly changing financial landscape.”
Portfolio Plus offers a complete credit union banking software solution that is affordably priced. Portfolio Plus includes modules for web banking, loans, mortgages, term deposits, investments, accounting, retail banking, ATM/POS switch interfaces, and much more.
“Credit Union Central of Ontario’s due diligence process was thorough,” said G. Robert Leeming, president of SIT, “and it is gratifying to be the chosen vendor. We look forward to helping Central continue to provide innovative products and services to their credit union partners.”
Credit Union Central of Ontario, with more than $1.9 billion in assets, is a financial and trade services organization that represents 164 credit unions with more than 1.2 million members. Ontario's credit unions are independent, community-based alternatives to banks, regulated by the provincial government.
Credit Union Central of Ontario can be reached at http://www.ontariocreditunions.com or by phone at 905-238-9400.
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.