Toronto, Canada – October 31, 2005: Portfolio+ Inc. is pleased to announce that General Bank of Canada, located in Edmonton, Alberta, has gone live with Portfolio Plus and is now executing its business plan for providing indirect consumer financing to Canadian franchised dealerships.
“Our teamwork with Portfolio+ Inc. and the thorough planning on both sides translated into going live without a hitch.” said Gord Mooney at General Bank. “We’re continuing to work with Portfolio+ Inc. to expand our business and hope to dramatically expand our dealer network and deposit broker relationships by the end of this year.”
Portfolio Plus, with its Plug-In Banking architecture, allows companies to quickly respond to business challenges by plugging in new capabilities as required.
“We want to congratulate General Bank of Canada on a successful launch of its banking business and expansion of banking services” says G. Robert Leeming, president of Portfolio+ Inc. “Using Portfolio Plus, General Bank will be able to plug-in new banking software functionality as its business grows.”
General Bank of Canada, located in Edmonton, Alberta, Canada, is owned by the Wheaton Group of Companies, the largest General Motors franchised dealer network in Canada. The incorporation of a bank further expands the financial services of the Group which currently owns a regulated life company, First Canadian Insurance Corporation, and a property and casualty company, Millennium Insurance Corporation. General Bank of Canada is the first privately held chartered bank in Canada.
For more information about General Bank please refer to the General Bank website.
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.