Corillian establishes European presence

Corillian establishes European presence

US software supplier Corillian has opened an international office to prospect for bank clients in the UK and Europe.

Corillian's move comes at a time of large-scale consolidation in the banking industry and follows the endemic technological problems British banks have experienced in launching online banking operations. In addition to offering its proprietary Voyager e-Finance suite to European banks, Corillian International says it will also target a range of financial services institutions - including brokerages, insurance companies and portals.

Since launching in 1997, US-based Corillian has built a high profile customer base including Bank One, Citibank, Lehman Brothers Bank, SunTrust, M&T Bank, and AmSouth Bank, and developed delivery partnerships with Microsoft, ADS, Yahoo!, Perot Systems, Yodlee and 724 Solutions.

Martin Davis, managing director, Corillian International says: "In the UK, banks have been driven by pressure to deliver on-line solutions and many have launched prematurely, if at all. The consumer must have confidence in conducting banking transactions online. The proven scalability and reliability of Corillian's e-Finance solutions positions us well to deliver the online banking revolution across Europe."

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