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IBC Bank switches to Corillian corporate Web banking system

11 July 2006  |  2103 views  |  0 Source: Corillian

Corillian Corp. (NASDAQ: CORI), the top provider of online banking, bill payment and anti-fraud solutions to the financial services industry, today announced that International Bancshares Corporation (IBC), a $10.5 billion multi-bank holding company headquartered in Laredo, Texas, has successfully launched a new online corporate banking service powered by Corillian Corporate Banking.

Expanding on the success of its consumer online banking service built on the industry-leading Corillian Voyager platform, IBC partnered with Corillian to deliver next-generation online services to its corporate customers. Leveraging Corillian Corporate Banking, IBC's customers now have secure, real-time access to all of their financial and money management access in one integrated view. Corillian Corporate Banking is also deployed on the same platform as IBC's consumer banking offering, driving greater efficiencies and a lower total cost of ownership.

"We are excited about the launch of our new online corporate services in partnership with Corillian," said Dennis E. Nixon, president & CEO of International Bancshares Corporation. "We wanted to provide a greater online banking experience for our corporate customers. Through Corillian Corporate Banking, our customers now can easily access all of their accounts in one single view, allowing them to make key management decisions based on reliable, up-to-date information. Corillian has been a key strategic partner for us in the online channel and we look forward to continued success together."

Corillian Corporate Banking provides IBC's corporate customers with an integrated view of all of their financial information in a single sign-on application. Corillian Corporate Banking seamlessly interfaces in real-time with IBC's back-end systems and satisfies the corporation's cash management functions with unparalleled ease-of-use. Key features and benefits available in Corillian Corporate Banking include:

  • Comprehensive information reporting – Real-time access to rich financial data including: deposit and loan balances, controlled disbursement, wholesale lockbox, and ACH/Wire activity reports.
  • Robust Money Movement – Access to a wide variety of money movement and account transfer capabilities including various ACH and wire services.
  • Account approvals and reconciliation – Unique access management service enables corporations to quickly view and take action on all pending transactions for approval in a consolidated screen. Corporations can seamlessly reconcile their accounts through a complete positive pay system.
  • Other innovative services – In-depth customer care solution to enable customer service and sales representatives to easily interact with corporations, and unique self-service functions such as stop payments, eStatements and alerts.

"Corporations are looking for the same type of online experience and access to information they get from online financial portals or in their consumer banking accounts," said Alex Hart, president & CEO of Corillian. "Corillian Corporate Banking enables IBC to provide accurate, real-time information to its corporate customers in an easy-to-use online interface. This advanced online experience gives IBC a key competitive advantage in the markets that it serves."

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