AmSouth and Huntington upgrade to Voyager 3.0
29 January 2004 | 1079 views | 0
Corillian Corp. (NASDAQ: CORI), the top provider of online banking solutions for leading financial institutions, today announced continued momentum for the Corillian Voyager 3.0 platform with two more of its customers, AmSouth Bank and Huntington Bank, choosing to standardize their online banking operations on the industry-leading platform.
Corillian also announced that it received an "A" grade in online banking from Celent Communications, a leading research firm, based in Boston, Mass. Corillian received the "A" grade for its ability to reduce costs while improving online feature sophistication and performance at leading financial institutions.
"Corillian owns the top 25 bank market and its sweet spot continues to be serving banks which are striving to build a competitive advantage via the Internet channel," said Alenka Grealish, manager, banking group at Celent. "Corillian's strength is in its ability to meet banks' stringent demands across the board, from scalability and flexibility to feature sophistication."
Corillian Voyager 3.0 provides leading financial institutions with a flexible, scalable platform to deliver innovative online banking applications, including electronic bill payment and presentment, consumer banking, small business banking, corporate cash management, wealth management and credit card management, all from a single platform. This unified platform approach enables financial institutions to rapidly incorporate new Internet finance technology as it emerges and quickly integrate with third party and in-house developed solutions.
AmSouth Bank, a $46 billion bank headquartered in Birmingham, Ala., has successfully upgraded to Corillian Voyager 3.0 and migrated its more than 900,000 online banking and bill payment customers to the new platform to take advantage of the latest performance and scalability available in the new platform.
The capabilities of Corillian Voyager 3.0 enable AmSouth to handle significant increases in concurrent online banking sessions and transactions. Also, the flexibility of Corillian Voyager 3.0 enables AmSouth to aggressively deploy new user interface enhancements and bring to market new features, such as search capabilities for account information and enhanced sorting options, that make online banking easier to use for its customers.
Huntington Bancshares, a $30 billion bank headquartered in Columbus, Ohio, recently decided to upgrade to Corillian Voyager 3.0 to take advantage of the enterprise capabilities to unify its online banking operations onto a single platform.
Corillian Voyager 3.0 will enable Huntington to deploy additional line of business applications beyond retail banking from a single platform. Also, the flexibility of the platform will allow Huntington Bank to seamlessly develop and integrate innovative applications and services into the platform and rapidly bring those services to market.
"Our Internet banking strategy moving forward is to find a foundation we can use to deploy and build industry-leading online banking services for our customers from a single platform," said Ellen Johnson, vice president, enterprise online services at Huntington Bank. "The enterprise capabilities and entitlements available in Corillian Voyager 3.0 are exactly what we are looking for. Corillian's domain expertise in building and developing technology gives us the flexibility to go where we need to go with our online banking services, and we are excited to reach the next level."
"Our customers continue to see the value of their prior investments in the Corillian Voyager platform and are looking for ways to extend that investment to other business lines within the bank," said Alex Hart, president and CEO of Corillian. "The decision of AmSouth and Huntington to upgrade to Corillian Voyager 3.0 is an indication of the benefits that our customers see in the new platform and the new applications that run on it, including applications for small business banking, wealth management, and credit card management. The recognition from industry analysts like Celent Communications is also an indication of the world-class online banking capabilities available to leading financial institutions in Corillian Voyager 3.0."