Corillian and Microsoft Align to Deliver Enterprise-class Internet Banking Solutions on Voyager and the .NET Platform.Business Editors and Technology Writers PORTLAND, Ore. and REDMOND, Wash.--(BUSINESS WIRE)--Oct. 23, 2001 Companies Sign Multi-year Alliance Agreement Spanning Development, Sales and Support Corillian Corp. (Nasdaq:CORI), a leading global provider of eFinance solutions, and Microsoft Corp. (Nasdaq:MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ) today announced they have signed a multi-year alliance agreement to deliver enterprise-class Internet banking solutions that enable financial organizations worldwide to revolutionize their customers' banking experience, act nimbly in a quickly changing industry and dramatically improve their business processes. The alliance spans technology development, marketing, sales and support of solutions based on Corillian's Voyager 3.0 Internet banking platform; Microsoft(R) Windows(R) 2000 Server network operating system An operating system that is designed for network use. Normally, it is a complete operating system with file, task and job management; however, with some earlier products, it was a separate component that ran under the OS; for example, LAN Server required OS/2, and LANtastic required DOS. ; and .NET, Microsoft's platform for XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. Web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. . The .NET platform comprises servers, services, clients and development tools for building, exposing and consuming XML Web services, enabling a personal, integrated Web delivered through smart devices. "We're excited to take our relationship with Microsoft to the next level," said Ted Spooner  This biographical article or section is written like a resume.Please help [ improve this article] by revising it to be and encyclopedic. , 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. "With aligned focus and resources we will be able to deliver best-in-class solutions for Internet banking, bill payment / presentment, account aggregation Account aggregation is a method that involves compiling information from different accounts, which may include bank accounts, credit card accounts, investment accounts, and other consumer or business accounts, into a single place. and other eFinance applications. We also will be able to take advantage of emerging Microsoft .NET See .NET. technologies to help financial institutions worldwide make the shift to XML Web services to offer more efficient, richer and personalized financial transactions." "Corillian and Microsoft have enjoyed a very productive relationship in the eFinance space in recent years, with major customer successes like our retail Internet banking wins at Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. , BankOne and SunTrust," said Ralph Young, vice president of the enterprise sales and industry group at Microsoft. "This agreement will enable us to build on that success to bring the most reliable, high-performance and leading-edge Internet banking solutions to financial institutions and their customers worldwide." Terms of the Alliance Agreement Under the agreement, Corillian will lead with the Microsoft .NET Enterprise Server platform -- including Windows 2000 Server and SQL Server An earlier relational DBMS from Sybase and from Microsoft. Sybase introduced SQL Server in 1988 for various Unix versions. In that same year, with help from IBM, Sybase created an OS/2 version that Microsoft licensed and branded as Microsoft SQL Server. (TM) 2000 -- as the preferred platform for the Corillian Voyager Internet banking solution. Microsoft will provide consulting services, support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services and technical training to assist Corillian in the development of solutions using .NET technologies. Microsoft also will disclose future product and technology directions to Corillian so as to more closely align with new Microsoft product releases. This will ensure that Corillian can continue to deliver leading-edge Internet banking solutions to financial institutions that fully leverage Microsoft technologies. Together, Corillian and Microsoft will collaborate to help financial institutions make the shift to XML Web services, the next generation of software that connects information, devices and people in a unified, personalized way. Corillian Voyager will take full advantage of the Microsoft .NET platform to enable the creation and use of XML-based applications, processes, and Web sites as services that share and combine information and functionality with each other by design, on any platform or smart device, to provide tailored solutions for financial organizations and their individual customers. Using .NET products, the Voyager solution will allow financial organizations to connect business applications, systems and processes -- internally or with those of customers and business partners -- to improve operational efficiency and the ability to adapt and evolve quickly in a dynamic industry. Corillian Voyager 3.0 runs on Windows 2000 Server and the .NET Enterprise Servers, including SQL Server 2000. Other elements of the .NET platform that Corillian is adopting include the .NET Framework, an environment for building, deploying and running XML Web services and other applications; the Visual Studio(R) .NET programming environment built on the .NET Framework; clients such as Windows XP Embedded An enhanced version of Windows XP for compact applications such as PDAs, handhelds and other appliances that use the x86 CPU. It supports such features as CompactPCI and the ability to boot from flash memory or CD-ROM. and Windows 2000 Professional for smart devices; and .NET services. Other mutual commitments under the alliance agreement include providing an account manager and supporting team to manage the day-to-day relationship, ensuring mutual worldwide executive involvement, establishing a joint business plan, holding periodic business reviews, and putting in place an escalation path to resolve any customer issues. The alliance agreement also calls for the formalization for·mal·ize tr.v. for·mal·ized, for·mal·iz·ing, for·mal·iz·es 1. To give a definite form or shape to. 2. a. To make formal. b. of a ready-for-market joint Microsoft-Corillian enterprise Internet banking solution to offer to large financial institutions worldwide. Corillian and Microsoft also will more closely align development schedules and share technology and industry best practices. Financial terms were not disclosed. About Corillian Voyager Corillian Voyager is a high-performance platform that allows for the delivery of a wide range 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 via the Internet. Powered by Windows 2000 Server and Component Object Model (COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. +), Voyager provides a direct link between a financial institution's 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 provide a personalized portal See personal portal. to its customers. 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. About Microsoft Founded in 1975, Microsoft Corp. (Nasdaq "MSFT") is the worldwide leader in software, services and Internet technologies for personal and business computing. The company offers a wide range of products and services designed to empower people through great software -- any time, any place and on any device. Matters discussed in this release may include forward-looking statements that involve risks and uncertainties, and actual results may be materially different. These statements include statements regarding Corillian's ability to successfully develop products built upon Microsoft's .NET Platform and the potential for financial institutions to shift to XML Web services. Factors that could cause actual results to differ include the risk that Corillian is not successful in developing reliable, scalable and feature-rich products on Microsoft's .NET Platform, that Corillian's newly developed products do not gain market acceptance, and that the relationship between Corillian and Microsoft does not result in increased sales of Corillian's products or services. 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 June 30, 2000. Microsoft, Windows and Visual Studio are either registered trademarks or trademarks of Microsoft Corp. in the United States and/or other countries. Quicken and QuickBooks are registered trademarks of Intuit, Inc. |
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