Toronto, ON, Canada – February 6, 2013: Portfolio+ Inc. is pleased to announce the availability of a GICSERV interface to its Portfolio Plus banking software platform.
"The great support provided by FundSERV, along with our mutual desire to drive further efficiencies in electronic GIC processing, have enabled Portfolio+ Inc. to be the first software vendor to provide the GICSERV interface," said G. Robert Leeming, President of Portfolio+ Inc. "We will continue to work with FundSERV to support the GICSERV standard going forward."
"We'd like to congratulate Portfolio+ Inc. on their commitment to the GICSERV service and to our mutual customers. We view this as a significant opportunity for the brokered deposit industry as they now have the option to choose an alternative solution for GIC automation", said Robert Smuk, President and CEO of FundSERV. "For nearly 20 years, FundSERV has excelled at offering a reliable network utilizing industry developed standards to focus on reducing time, cost and risk for the Canadian investment industry. We are confident that GICSERV will bring similar efficiencies to the Canadian brokered guaranteed investment market."
Portfolio Plus enables 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 Plus, with its Plug-In BankingTM architecture, enables financial organizations to add functionality as they require it, making it one of the most versatile solutions in the market.
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.