Offer bespoke financial services

A financial services ecosystem that allows consumers and businesses to share transaction data creates a level-playing field for high-quality financial products and world-class service. Such an open system enables financial service providers, financial technology firms and third parties to access and use real-time transaction data, and also rationalizes the cost of services – payment, budgeting and banking. Learn more today.

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Consumer directed banking financial technology
Portfolio+ Consumer Directed Banking API

Portfolio+ Open Banking platform combines Application Programming Interfaces (APIs) and robust security features to support retail or consumer-oriented or financial products and services. Our platform ensures reliable customer service through a unified mechanism for consent management, customer privacy, data protection, IT infrastructure and cybersecurity, auditing, accounting and tax services, and regulatory compliance, including Anti-Money Laundering (AML) and Foreign Account Tax Compliance Act (FATCA).

Our API-backed infrastructure enables a seamless transition to an open banking system. Our digital framework allows consumers and businesses to authorize access to their bank accounts for select third-party financial services. The Portfolio+ platform offers 300+ API messages and 65+ third-party vendor interfaces for a wide range of financial services. In addition, we co-create APIs to enhance security and/or functionality of banking applications. Our team has rich experience in a broad spectrum of APIs, including account transactions, payment initiation, disbursement, loan agreement, and confirmation of funds.

Portfolio+ edge @ Wyth Financial

Our robust API framework helped Wyth Financial create an ecosystem to support partnerships with fintechs and developers for innovative products and services.

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Portfolio+ helps Wyth Financial

Why Portfolio+ Open Banking/Retail Banking platform?

Our framework creates a data foundation to decode customer behavior and data attributes using advanced analytics. In addition, it allows fintech enterprises, banks and other financial service providers to collaborate with regulated Account Information Service Providers (AISPs) and Payment Initiation Service Providers (PISPs) in real-time to monetize financial data. Further, we develop dashboards for transaction data management. It simplifies the conversion of data into required formats for transfer to external ERP and treasury management systems.

Ready access to real-time banking data enables fair and accurate credit scoring. Further, contextual analysis of spend and deposits data, transaction history, credit card data, and demographic data helps service providers serve customers across income groups and risk profiles. Lenders can offer larger loan amounts and lower interest rates to customers with high creditworthiness quotients. Significantly, it enables informed decisions on the terms of credit for individuals and small businesses with a limited credit history or variable incomes. Insights based on spending patterns can guide service fees and interest rates for financial products, including auto financing and mortgages.

The Portfolio+ platform for open banking supports a variety of in-app services – from payment of utility bills to renewal of online media / entertainment subscriptions. It allows consumers to opt-in for bespoke services and securely share their financial data with fintech enterprises and financial service providers, and opt-out of services and discontinue access to personal information. Automated application processing accelerates service by pre-populating forms for financial products and services. The user-friendly interface of our solution facilitates comparison of financial products and switching of accounts. Further, it enables customers to review transaction statements (bank, credit card and investment statements) and better manage accounts with multiple financial service providers to achieve financial goals.


Portfolio+ Open Banking Solution Footprint

Portfolio+ uses RESTful APIs for Consumer Directed Banking


  • Web-based RESTful APIs
  • Encrypted HTTPS
  • JSON messages
Remain in Compliance with Portfolio+


  • Personal Information Protection and Electronic Documents Act (PIPEDA)
  • European Union General Data Protection Regulation (GDPR)
  • EU-led Payment Services Directive 2 (PSD2)
Data-Security on Portfolio+ is high with OAuth 2.0 protocol

Data Security

  • Consent tracking by customers
  • OAuth 2.0 protocol for customer authorization
  • Multi-factor authentication

Portfolio+ Open Banking Ecosystem

Incorporates standardized API messages to share –

  • Loan and mortgage data
  • Personal information of customers
  • Details of retail banking account
Ecosystem with Portfolio+

Boosts financial services by –

  • Providing customers with more choices to borrow, transact and invest
  • Distilling insights into spend and transactional behavior as well as investment criteria
  • Preventing data privacy breaches and fraudulent transactions

Enhances the experience by enabling customers to –

  • Control usage of financial data
  • Explore money management apps
  • Share data selectively based on the quality of service
Optimizing GICs for a Return to a Safer Return

Optimizing GICs for a Return to a Safer Return

Something unusual is happening. Amid rising interest rates, record high inflation, and ongoing market volatility in the early 2020s, Canadians poured an overwhelming amount of money into GICs and fixed-term deposits. In fact, within a period of just eight months in 2022 alone, Canadians pumped roughly $152 billion into these types of deposits. It’s an unusual spike in demand for an investment product that promises guaranteed returns that fail to match the rate of inflation. Optimizing GICs for a Return to a Safer Return explores the true value of GICs and their importance in a high inflationary, unpredictable environment, offering steps banks and financial institutions can take to better prepare, control, and optimize GIC sales for these kinds of unexpected spikes in demand.

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Open Banking Resources

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