CashEdge and PortfolioScope forge aggregation alliance

CashEdge and PortfolioScope forge aggregation alliance

CashEdge, a provider of account aggregation and funds transfer services, and PortfolioScope, an application service provider of private-label portfolio accounting solutions, are teaming up to provide financial institutions with enhanced multi-currency investment tracking and reporting services.

The agreement calls for the two companies to fully integrate their services, with CashEdge providing the account aggregation platform, and PortfolioScope a layer of Web-based portfolio tracking and reporting tools.

CashEdge's aggregation technology - which consolidates chequeing, savings, credit card, investment, mortgage, overdraft, CD and loan accounts onto a single Web page - will be acting as a data source for PortfolioScope's intelligent portfolio tracking solution.

Users can aggregate investment accounts to create a consolidated virtual portfolio, then analyse their holdings through a full suite of presentation quality reports and actionable alerts, covering AIMR compliant performance analysis, asset allocation, transaction detail and optimized tax lot accounting of unrealised/realised gains and losses.

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