Toronto, Ontario, February 15, 2006: Portfolio+ Inc. is pleased to announce that MCAP Inc. has gone into production with Version 11 of Portfolio Plus.
“With our selection of Portfolio+, we believe we have the right long-term technology partner for our business”, says Derek Sutherland, Treasurer of MCAP Inc. “The flexibility of Portfolio Plus enables us to start with the term deposit functionality we need today and then plug-in new lines of business, or scale performance, as we need it.”
“On behalf of Portfolio+ inc., we are pleased to have been selected to partner with MCAP Inc. to help them achieve their strategic goals”, says G. Robert Leeming, president of Portfolio+ Inc. “I want to offer my praise to all involved at both MCAP Inc. and Portfolio+ for seeing this project to completion. We continually strive to provide leading-edge software solutions to world-class financial companies like MCAP Inc. We pride ourselves on our record of being success partners in our clients’ businesses.”
MCAP Inc. is a loan company regulated by the Office of the Superintendent of Financial Institutions and qualifies as a mortgage investment corporation under the Income Tax Act (Canada). MCAP Inc. is a public company whose shares are listed on the Toronto Stock Exchange (TSX: MKP). The term deposits that MCAP Inc. raises are insured under the terms set out by the Canada Deposit Insurance Corporation.
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.