Toronto, ON, Canada – October 29, 2012: Portfolio+ Inc. is pleased to announce the upcoming release of Portfolio Plus Regulator – an expert system that enables financial institutions to improve the productivity of regulatory reporting.
We designed and built Portfolio Plus Regulator in order to make it possible for our customers to respond easily and rapidly to regulatory change without need for expensive software changes,” said G. Robert Leeming. “This is done on a template basis which the user controls. We are supplying OSFI and DICO templates for the initial deliveries but will also be supplying FSA and other regulatory reports as we roll out the Regulator internationally. The Regulator cuts days of manual effort out of the monthly report preparation and will boost productivity for our customers."
In 2011, Portfolio+ Inc. embarked on the development of several Portfolio Plus Expert systems to help financial institutions automate large scale processes. Portfolio Plus Regulator is one of a number of these expert systems which includes Portfolio Plus Regulator, to facilitate regulatory reporting, Portfolio Plus Collector, to automate collections, Portfolio Plus Originator, to automate loan originations, and Portfolio Plus Forecaster, to predict the cash flow of assets and liabilities.
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.
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.