Portfolio+ Major Release Is Coming on March 17, 2025!
Portfolio+ Inc. (Portfolio+), a leading Canadian provider of financial services systems and technologies, is pleased to announce the next major release of Portfolio+ will be available on March 17, 2025. Crafted with both API-based banking and cloud technologies in mind, Portfolio+ 19.0 is packed with over 200 targeted improvements, including over 30 new updates and enhancements specifically designed to drive efficiencies and streamline operations, enhance data accuracy and risk mitigation, and improve reporting for clearer insights and more informed decision-making.
With targeted enhancements throughout Portfolio+’s core banking subsystems, the Portfolio+ banking platform continues to evolve and adapt with the changing financial services industry, bringing next-generation technologies, market-driven financial products, and trusted regulatory solutions to Canada’s best banks and financial institutions.
Log in to Advantage and visit the notifications page to download the release notes for Portfolio+ 19.0 today!
What’s New in the Major Release?
System administration configuration enhancements provide improved data consistency and greater control over managing mortgage insurance premium (MIP) tax rates, creditor insurance, and regulatory categories. With greater control, financial institutions can streamline more day-to-day operations, reduce non-compliance risks, and focus on growth.
Accounting & agent management subsystem automations and streamlined processes improve month-end closing, agent commission tracking, and term deposit searches. This accelerates reporting, provides better tracking and clearer financial insights, and improves portfolio management.
Client management & integrated processing updates simplify client searches, credit bureau uploads, and pre-authorized credit (PAC) administration. Easier credit bureau uploads and PAC administration help ensure regulatory compliance, while streamlined client searches improve operational efficiency and customer experience.
Lending subsystem features improve underwriting and data accuracy by offering a blended rate calculator for refinancing, a hypothetical underwriter for better cross-selling opportunities, and additional loan renewal options and partial loan payments. These updates boost cross-selling potential, offer more flexible loan options, and make it easier for Canadians to access the funds they need.
Investment & syndication subsystem updates include enhanced reporting with an investment cash account transaction details report and partner cash account reconciliation to track partner loan payments in cash accounts. These reports empower financial institutions to maintain accurate financial records, optimize cash flow management, and strengthen partnerships through reliable and efficient account tracking.
Term deposit and guaranteed investment certificate (GIC) subsystem improvements include one-click access to GIC transfer and registration histories, along with an enhanced user experience for GIC partial redemptions. These updates simplify portfolio management and provide more efficient access to critical account information, ultimately helping clients optimize their investment strategies for a better financial future.
The upcoming products, features, and enhancements are all designed to improve business processes and overall user experience. Portfolio+ encourages customers to use the latest release notes as a guide to prepare for regression and user acceptance testing.
Customer feedback is invaluable as we focus on enabling the financial marketplace with solutions that impact Canadians every day.
For more information on Portfolio+, including its API capabilities, cloud-based banking solutions, or its core banking system, contact us today!
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in Stouffville, Canada