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Corillian Corporate Banking Receives High Marks in Greenwich Associates' Cash Management Benchmarking Study; Application Recognized for Its Usability, Functionality and Integration Capabilities.


PORTLAND, Ore. -- Corillian Corp. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:CORI), the top provider of online banking, online payments and anti-fraud solutions to the 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.
 industry, today announced the Corillian Corporate Banking application was recently rated favorably fa·vor·a·ble  
adj.
1. Advantageous; helpful: favorable winds.

2. Encouraging; propitious: a favorable diagnosis.

3.
 against some of the top online corporate banking solutions in the industry in an annual Cash Management Website Benchmarking Study conducted by Greenwich Associates, a strategic financial services research firm.

The annual study compared the online corporate banking solutions targeting middle- to large-market corporate firms among 10 of the top 50 banks in the U.S., including four of the top five banks. Each bank's cash management platform was evaluated on more than 40 individual performance factors. Measured on a scale of 1 "poor" to 5 "excellent," Corillian scored a four or higher on more than half of the categories.

A sampling of Corillian's highest scoring categories includes:

--Navigation Capability (Navigability nav·i·ga·ble  
adj.
1. Sufficiently deep or wide to provide passage for vessels: navigable waters; a navigable river.

2. That can be steered. Used of boats, ships, or aircraft.
)

--Administration/Entitlements

--Security Features

--Dashboard/Front-End "To-Do" List

--ACH/Tax Payments

--Loans/Credit Management

--Foreign Language Capability

--Cross-Product Integration with Other Cash Management Services

--Integration with Customer Systems

--Client Value-Added (e.g. Remote Deposit Capture technology)

"Corillian's Corporate Banking solution provides financial institutions of all sizes with an integrated, feature-rich cash management solution, enabling them to establish a solid leadership position in a competitive industry," said Alex Hart, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Corillian. "The results from the Greenwich Associates study further validate To prove something to be sound or logical. Also to certify conformance to a standard. Contrast with "verify," which means to prove something to be correct.

For example, data entry validity checking determines whether the data make sense (numbers fall within a range, numeric data
 our position as a viable partner for financial institutions looking to deploy next-generation online corporate banking solutions. Further, the valuable insight from this benchmarking study will help us continue to innovate in·no·vate  
v. in·no·vat·ed, in·no·vat·ing, in·no·vates

v.tr.
To begin or introduce (something new) for or as if for the first time.

v.intr.
To begin or introduce something new.
 and shape the future of corporate banking."

Greenwich Associates conducts an annual study of leading banks' corporate cash management Web sites. The Cash Management Website Benchmarking Study helps banks ensure that they are offering a competitive, differentiated corporate banking solution relative to leading banks, as well as identifying critical elements that banks can incorporate into their solutions to enhance existing products and services.

"Through our benchmarking study, financial institutions have the opportunity to assess their corporate banking solution against other leading banks to not only continue to expand their product offering, but also to remain competitive in the online banking industry," said Steve Busby
    Steven Lee Busby (born September 29, 1949 in Burbank, California) is a former starting pitcher in Major League Baseball who played his entire career for the Kansas City Royals (1972-76, 1978-1980). He batted and threw right-handed.
    , a consultant with Greenwich Associates. "There have been many enhancements made to the web-based cash management platforms of leading banks in the past 12 months, and the product offerings of solution providers such as Corillian have had a positive impact."

    Corillian Corporate Banking provides financial institutions a way to deliver a complete set of financial management services to corporations by integrating seamlessly with a wide array of financial institution back-office systems in real time. As a result, corporations can make treasury management decisions based on reliable, up-to-date information and act on them instantly.

    About Corillian Corporation

    Corillian is the market leader of online banking, bill payment and fraud prevention applications to the financial services industry. With 28 of the top 100 U.S. banks and 20 of the top 100 U.S. credit unions as customers, Corillian serves over 25 percent of the online banking community. Corillian provides the most flexible, scalable and secure set of online banking applications across multiple lines of business, integrating best-practice functionality developed for some of the most innovative financial institutions in the world. Corillian features integrated applications across Consumer Banking, Small Business Banking, Wealth Management, Credit Card Management, and Corporate Cash Management, as well as enterprise wide solutions, including Fraud Detection, Payments Warehouse, Alerts, eStatements, and OFX OFX Open Financial Exchange
    OFX Outer Fix
    OFX Open Effects
    . Corillian's fraud prevention solutions use Preemptive pre·emp·tive or pre-emp·tive  
    adj.
    1. Of, relating to, or characteristic of preemption.

    2. Having or granted by the right of preemption.

    3.
    a.
     Forensics See computer forensics. (TM) to protect web sites from phishers, hackers, and fraudsters. Corillian's strong authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC.

    (2) Verifying the identity of a user logging into a network.
     solution provides a low-cost solution for multi-factor authentication while maintaining high user satisfaction. Empowered by Corillian solutions, some of the world's most visionary financial institutions provide their customers with the tools to manage their finances more effectively and securely. For more information about Corillian Corporation, visit the company's Web site at http://www.corillian.com.
    COPYRIGHT 2006 Business Wire
    No portion of this article can be reproduced without the express written permission from the copyright holder.
    Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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    Comment:Corillian Corporate Banking Receives High Marks in Greenwich Associates' Cash Management Benchmarking Study; Application Recognized for Its Usability, Functionality and Integration Capabilities.
    Publication:Business Wire
    Geographic Code:1USA
    Date:Jan 24, 2006
    Words:649
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