Bumiputra-Commerce Bank Berhad Chooses Corillian Software to Boost Online Presence in Malaysia; Corillian Voyager powers 3 of the top 5 banks in Malaysia.Business Editors, High-Tech Writers PORTLAND, Ore.--(BUSINESS WIRE)--July 2, 2001 Bumiputra-Commerce Bank Berhad, the second largest commercial banking group in Malaysia, has chosen PKTech to install Corillian's (Nasdaq:CORI) eFinance-enabling software to provide online banking services to customers of BCBB. This is Corillian's third Malaysian win, with Corillian Voyager now chosen by 3 of the top 5 banks in Malaysia Here is a full list of financial institutions in Malaysia. Central Bank
The project involves the implementation of the Corillian Voyager Internet banking platform, a robust and secure system with the ability to handle large volumes of online customer traffic. The system will enable BCBB to offer its customers personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. financial management, portal facilities and one-to-one marketing. In choosing Corillian to enhance its online banking services, BCBB is joining banks like Bank One, Chase Manhattan, Eurobank and RHB Bank RHB Bank Berhad (also known as the Rashid Hussein Bank) is a bank based in Kuala Lumpur, Malaysia. It specializes in commercial banking, corporate banking and international banking services. , which are currently running or in the process of implementing the Corillian Voyager platform. Corillian Voyager -- The Operating System operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. for eFinance(TM) -- is a high-performance platform that allows for the delivery of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to customers over the Internet. Voyager provides a link between a financial institution's legacy host system and its consumers, using Internet browsers, personal financial management software and Internet-ready wireless devices. Voyager's open architecture design allows an institution to quickly integrate emerging technologies, deploy the platform in-house or in a secure data center, and customize the entire Internet banking presentation to its customers. Following hot on the heels of the recent contract with RHB Bank, this deal is the third in Asia for Corillian, already a leading player in the US with a strong track record for providing cutting-edge eFinance solutions to financial services institutions. Corillian's success in Asia also demonstrates that eFinance solutions developed for the US market can be adapted for other markets. With over 40 financial institutions already licensing the Voyager product in the US, the Corillian Voyager platform offers unparalleled levels of scalability for leading banks that are planning to enhance their Internet operations internationally. "This deal is a another major step forward for us in Asia," said Giles Hewson, Corillian's business director for Asia. "This will aid Corillian's penetration of other Asian markets such as Thailand, Singapore, Indonesia and the Philippines. The competitive nature of these markets should result in a greater liberalization lib·er·al·ize v. lib·er·al·ized, lib·er·al·iz·ing, lib·er·al·iz·es v.tr. To make liberal or more liberal: "Our standards of private conduct have been greatly liberalized . . . and the rapid adoption of new technologies. International banks that do not invest in world-class eFinance software may find that domestic banks are able to attract their best customers away with state of the art Internet banking services. The unparalleled scalability and open architecture that Corillian provides will permit forward thinking banks like BCBB to take the initiative and provide the benchmark for internet banking in this region." About BCBB BCBB was established on October 1, 1999 by the merger of Bank Bumiputra
Bumiputra or Bumiputera (Malay, from Sanskrit Bhumiputra Malaysia Berhad and Bank of Commerce Berhad. Bank Bumiputra Malaysia Berhad has been a client of PKTech since 1994. BCBB, the second largest commercial banking group in Malaysia, offers a comprehensive range of financial services, and is a part of Commerce Asset-Holding Berhad, a leading financial services group listed on the Kuala Lumpur Stock Exchange Kuala Lumpur Stock Exchange (KLSE) Established in 1973, the Kuala Lumpur Stock Exchange (KLSE) is the only stock exchange in Malaysia. . BCBB has a large network of more than 240 branches throughout Malaysia and a worldwide presence with offices in London, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Singapore, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and Tokyo. About PKTech PKTech is a public-listed systems integration company that markets and supports mission critical solutions. Founded in 1992, PKTech today has operations in Singapore, Malaysia, Philippines, Indonesia, Hong Kong and India, staffed by a large pool of IT and business professionals. PKTech partners with premier global solution providers while providing industry domain and technical expertise to implement and support software solutions. Our areas of focus are in the banking and financial industry as well as the public and commercial sectors. Over the past nine years, PKTech has successfully installed mission critical IT systems for many of the leading institutions in the region. Some of PKTech's clients in Asia include Arab-Malaysian Bank Berhad, Bumiputra-Commerce Bank Berhad, Hong Leong Bank Hong Leong Bank is a bank in Malaysia. Hong Leong Bank was founded by Mr. Lam Ting Yeu and began its operations in 1905 in Kuching, Sarawak under the name of Kwong Lee Mortgage & Remittance Company. Berhad, Baiduri Bank Brunei and The Philippines National Bank. PKTech has also successfully expanded beyond Asia, participating in the implementation of banking and corporate systems in many major financial centres across Europe, Africa, the Middle East and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . For more information, visit www.pktech-i.com. About Corillian Based in Oregon, and with international offices in Europe, Asia and Australia, Corillian Corporation is an award-winning provider of eFinance-enabling software for the financial services industry. Built on the Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. 2000 platform, Corillian applications support Internet banking, bill delivery and payment, brokerage, customer relationship management, enhanced data aggregation, and small business transactions. Voyager can be deployed on-site at the financial firm or in the state-of-the-art Corillian Data Center. Corillian technology also enables Open Financial Exchange (OFX OFX Open Financial Exchange OFX Outer Fix OFX Open Effects ) access by finance management software packages such as Quicken(R), QuickBooks(R) and Microsoft(R) Money. For more information about Corillian Corporation, visit our Web site at www.corillian.com. Matters discussed in this release may include forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties, and actual results may be materially different. These matters include Corillian's potential for winning new deals in Asia, the adaptability of Corillian's products to new markets and the anticipated growth in demand for e-Finance solutions internationally. Factors that could cause actual results to differ include the risk that Corillian or its partners encounter significant obstacles in installing Voyager in foreign countries like Malaysia, that Corillian is not successful in obtaining new customers in Asia, that Corillian's solutions do not gain market acceptance internationally, that consumers do not increasingly demand Internet-based financial services and that financial institutions do not continue to demand Internet banking solutions or are affected by adverse government regulations or market conditions. Other risks include those stated in Corillian's reports and other documents filed from time to time with the Securities and Exchange Commission including its report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 31, 2001. www.businesswire.com/ipo/cori.shtml |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion