Portfolio+

22
Nov

Cloud Security | Is the Cloud Safe for Banks?

Moving data from local systems to the cloud can feel incredibly intimidating, but it’s even more intimidating when that data contains the private financial information of tens of thousands of banking and financial services customers. Add on legitimate concerns about cloud security, pair that with the ambiguous nature of a financial institution’s regulatory compliance obligations, and things become—well, a little

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28
Oct

Portfolio+ Joins the Open Banking Initiative Canada (OBIC)

TORONTO, Ontario — October 25, 2021 Portfolio+ Inc. (Portfolio+) is pleased to announce that it has joined the Open Banking Initiative Canada (OBIC) to contribute to the development of a consumer-directed finance framework in Canada that will encourage innovation in the marketplace and put Canadian consumers in control of their banking and financial data. “By joining the Open Banking Initiative
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10
Sep

Are Digital-Natives an Opportunity for Alternative Lending?

What Does a Quiet Shift in Key Demographics Mean for Both Banks and Alternative Lending?   As Canadian banks and financial institutions continue to press forward with ongoing digital strategies, including legacy modernization and cloud migration journeys, an important generational shift has quietly taken place over the past few years: Millennials have overtaken Baby Boomers to become the largest generational demographic

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20
Aug

What Is A Subprime Loan and How Does Subprime Lending Work?

Are Subprime Loans Creating Opportunities during Our Ongoing Housing Boom? Let’s face it. We’re not all billionaires armed with unfathomable amounts of personal wealth, funding our own space exploration programs, and performing summersaults in microgravity as we toss around Skittles to our crewmates. OK, some of us are. But most of us are simply focused on, you know, more earthly

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9
Aug

What Is Peer to Peer Lending?

How Does Peer-to-Peer Lending Work And What Is It? Peer-to-peer lendings is a relatively new model of online lending in the financial services industry, but the idea behind this innovative form of fintech-based financing really isn’t that new at all. When we strip away the modern technology around some of the most successful peer-to-peer lending platforms that have launched in

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4
Aug

What Is Legacy Modernization?

What Is Legacy Modernization in Banking? Banks are under a lot of pressure these days. We’re not talking about the normal business pressures that financial institutions are accustomed to, either. Those typical stakeholder pressures to reduce operating and IT costs and increase profit margins, all while battling consistently low interest rates—that’s just a part of the business. There is a

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3
Aug

Episode 2: Beginning the Secure Journey to Open Banking on a Cloud

In this podcast episode, we discuss how to begin the secure journey to open banking on the cloud. Joined by Don Coulter, President and CEO of Concentra Bank, Dianne Cupples asks Don's thoughts and predictions on the open banking movement in Canada and how it affects Concentra’s future. Concentra is a wholesale bank and trust company providing financial services to
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2
Jun

How Do You Create a Cloud Migration Plan for a Bank?

Why Migrate in the First Place? A Cloud Migration Plan Can Help Banks Set Expectations, Mitigate Risk, and Calm Some Nerves When it comes to the type of change that’s involved with cloud migrations, decision-makers of Canadian banks are a little like overprotective parents. You know the type. They like to hover close by, keep an eye on things, always

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19
May

Cloud Migration | Why Do Banks Need to Move to the Cloud?

Why Cloud Migration in Banking Isn’t Just a Side Conversation Around Digital Transformation Cloud banking has an unquestionable and underestimated potential to completely transform a financial institution. But it feels like we hardly ever talk about it. It hasn’t claimed the spotlight for any prolonged period of time in online tech or finance publications like other fintech topics often do.

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4
May

Cloud Banking | What Is Cloud Banking?

What Is Cloud Banking and Why Are Banks Moving to the Cloud?  What comes to mind when you hear the words cloud banking? Now, depending on your perspective, your initial thoughts might be quite different. As a consumer, it’s hard not to immediately conjure up images of happy people walking around on fluffy, white cotton terrain somewhere in the sky, making

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