Source: Corillian Corporation
Corillian Corp. (NASDAQ:CORI), the top provider of online banking solutions to leading financial institutions, today announced that International Bancshares Corporation (IBC), a $9.4 billion multi-bank financial holding company headquartered in Laredo, Texas, has selected Corillian as its partner for IBC's next-generation consumer and corporate cash management online services.
IBC will leverage Corillian Consumer Banking and Corillian Corporate Banking, built on the industry-leading Corillian Voyager platform, to provide its customers enhanced real-time access to all of their consumer, business and commercial accounts. Corillian Consumer Banking and Corillian Corporate Banking integrate hundreds of best practices observed from some of the most innovative financial institutions in the world, as well as best practices in usability and functionality established by industry experts. With this solution, IBC will be able to immediately deploy industry-leading online banking services to its customers, while maintaining the ability to tailor the solution through flexible configuration. This enables IBC to maximize its online banking effectiveness and further differentiate itself to meet the growing needs of its unique customer base.
"We were looking for an online banking partner that could provide us with rich functionality across all of our lines of business on a reliable and high-performing platform," said Dennis E. Nixon, chairman of the board and CEO of International Bancshares Corporation. "Corillian's experience in delivering innovative online banking services for both consumer and business banking at some of the leading financial institutions in the country was a key factor in our decision as well as our own positive experience with Corillian. Also, with our multi-lingual customer base, the ability to provide both English and Spanish versions of our online banking services was critical to us. Our continued partnership with Corillian will enable IBC to deliver significant value to our customers and provide us with an increased competitive advantage."
With Corillian Consumer Banking, IBC's consumer customers will experience a new, easy-to-use interface for managing all of their finances, including viewing accounts, transferring funds, paying bills and integration with personal financial management software like Intuit's Quicken®, QuickBooks® and Microsoft Money®. Corillian Corporate Banking will provide IBC's business and corporate customers with access to enhanced online banking and cash management services, including ACH and wire transfers, positive pay, lockbox, controlled disbursement, information reporting, as well as tiered access rights management.
"With increasing online banking adoption rates and demands for more innovative and easy-to-use solutions, financial institutions need next-generation systems that reflect new technologies and usability standards," said Alex Hart, president and CEO of Corillian Corporation. "The Corillian Consumer Banking and Corillian Corporate Banking applications were built to handle the next-generation of online banking with hundreds of best practices in functionality and usability. With Corillian's full set of applications, ultimate scalability and functional flexibility, IBC will have online banking solutions in place that can provide the type of online services that its consumer, business and commercial customers need today, and will need in the future."