Portfolio+

15
Aug

What Is a Non-Bank Financial Institution?

Isn’t a Non-Financial Institution Still a Financial Institution? Ok, so maybe it’s not the best name. After all, you wouldn’t call a bicycle a non-skateboard. Just like you wouldn’t call a horse a non-cow or an airplane a non-bird. You see where I’m going here. But sometimes—even despite personal intuition, common sense, and logical rationalization—ridiculous things still happen. (Think presidential

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22
Jun

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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11
Jun

Episode 3: The Importance of Data Portability for Open Banking

In this podcast episode, we discuss the open banking movement and the importance of open banking for Canada. More specifically, about data portability and its significance for open banking. This episode features an insightful conversation between Donna Galloway, Vice President of Marketing here at Portfolio+ and Michelle Beyo, Founder and CEO of FINAVATOR. FINAVATOR is an award-winning Fintech and payments
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21
May

What’s the Difference between Open Banking and Banking as a Service (BaaS)?

Spot the Differences: Open Banking & Banking as a Service I do a bit of grade one work these days. It’s not that much, really. A little more than usual, though. Actually, I really shouldn’t take any real credit for it because I can’t say with any level of confidence that I personally do the work—my daughter takes care of

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19
May

What Is Digital Lending?

Loans and mortgages aren’t completely broken. That’s primarily because the main difference between something that’s broken and something that’s not broken is that broken things generally can’t do the functional job they were initially designed to do, often because some critical element or piece is either damaged or missing. For the most part, traditional loans and mortgages still do the

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25
Apr

What Is Mortgage Software?

Before exploring mortgage software and how this specialized financial services solution is used by banks and financial institutions, let’s take a moment to look at the housing market. Maybe you’ve heard a little something about the rising price of homes in Canada. Sound familiar? With what’s been referred to as a perfect storm consisting of near-zero interest rates, record-low inventory

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14
Feb

Portfolio+ Launches Cloud-First Consumer-Directed Finance Ecosystem in Canada

Portfolio+ Inc. (Portfolio+) unveiled a robust cloud platform to help neo banks and fintech enterprises pivot to consumer-directed finance in Canada. The foundational platform also serves as a catalyst to transform traditional banks and financial services firms into cloud-first enterprises capable of introducing innovative financial products and services. “The launch of our advanced cloud platform provides the Canadian financial services industry

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28
Jan

Will Banking-as-a-Service Destroy Open Banking?

When it comes to financial technology and financial services innovation, the banking industry is still evolving. Banks are modernizing, fintechs are adapting. We’re unquestionably somewhere in the middle of a kind of banking evolution. Whether we’re looking at technology, legislation, or even banks and other industry players, one thing is consistent: Things are changing. Even how we talk about different

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4
Jan

What Is a Virtual Private Cloud?

Virtual Private Cloud Will Play a Critical Role in the Future of Banking Although at first glance a virtual private cloud may sound like the futuristic virtualization of cloud computing technology and banking infrastructure within the metaverse, that’s not exactly it. (Well, not yet, anyway.) A virtual private cloud is a secure cloud computing technology solution that’s primarily reserved for

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16
Dec

Challenges and Opportunities for Fintechs