Toronto, December 9, 2011 — PortfolioAid Inc., Canada’s market leader in trade surveillance and compliance automation solutions, announces the successful completion of its first third party assurance audit. The audit has resulted in a satisfactory CICA 5970 opinion on the policies, procedures, and controls in place for PortfolioAid’s hosted application environment.
According to Sam Webster, President of PortfolioAid, “Our clients rely on our automated compliance services to support and govern their daily operations. This audit report validates our on-going commitment to protecting client data while delivering a great solution. Retail Compliance Server is a robust enterprise system serving Canada’s complex financial industry.”
As a provider of a critical outsourced compliance function to the Canadian financial industry, PortfolioAid has committed to a process of annual third party audits. This includes software delivery life cycle, security practices, change management, and business continuity.
About Portfolio Aid Inc.
Founded in 2001 and headquartered in downtown Toronto, PortfolioAid is Canada’s market leader in trade surveillance and compliance automation solutions. Serving IIROC & MFDA member firms as well as the regulatory bodies that govern them, PortfolioAid effectively reduces monetary and reputational risk across the Canadian financial services industry.
PortfolioAid has achieved a rigorous standard of operational excellence through its commitment to 5970-audited practices, and partnerships with leading market data providers and cloud hosting services.
PortfolioAid is also an authorized reseller of NexJ Systems, an innovative customer relationship management solution provider to the financial services market. NexJ Systems is North America’s 6th fastest growing Company ranked by Deloitte’s 2011 Technology Fast 500™.
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