Digital Insight Achieves Milestone of More Than One Million Active End-Users of Its Internet Banking Application.Business & Technology Editors CALABASAS, Calif.--(BUSINESS WIRE)--May 16, 2000 Database Provides Profile of Online Financial Consumer Digital Insight Corporation (Nasdaq: DGIN DGIN Digital Insight Corp (stock symbol) ) announced today that it has more than one million active end users using the Company's service bureau for their Internet banking needs. This milestone number was reached last month, proving that the Company's architecture is scalable and reliable, and that it remains the dominant application service provider (ASP) of Internet banking. Digital Insight is the first outsourced Internet banking provider to reach the millionth end user mark. That number represents end users who not only sign up for the service, but who are, in fact, active users of its clients' Internet banking services. Current statistics show further activity within Digital Insight's service bureau environment following the initial registration. Recent monthly activity indicates - 80.1 million page views - 306 million hits - Nearly 5.5 million logins to Internet banking - 786,000 transfers - $690 million transferred - Nearly 400,000 bills paid - 3.5 million online accounts With each end user averaging 3.5, Digital Insight's total number of online accounts falls well within the ranking of Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. and Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. , each reporting 1.6 and 1.45 million online accounts respectively at year-end 1999. "Exceeding one million active end users is a tremendous accomplishment, one we are excited to share with our Internet banking clients," said Digital Insight Corp. Chairman, 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. , John Dorman. "More importantly, however, this accomplishment represents a visible up-turn in consumer preference of managing their financial relationships online. We are especially thrilled to provide them the platform which best allows them to do this." The Company's large end user database provides information to a favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. demographic profile A demographic or demographic profile is a term used in marketing and broadcasting, to describe a demographic grouping or a market segment. This typically involves age bands (as teenagers do not wish to purchase denture fixant), social class bands (as the rich may want , indicating that the typical Digital Insight end user has an annual income between $50 - $75,000, and is between the ages of 35 to 44. More details indicate that the average Digital Insight end user is male, owns his own home, and has a professional occupation. With 3.5 accounts with the financial institution, the Digital Insight end user has more accounts on average than a non-online user, which has less than two accounts per household. "Our data suggests that these are not only active users, but profitable customers for financial institutions. A typical Digital Insight online end user has more accounts and has higher income than the general financial institution customer, providing the institution with a greater 'share of wallet'," said Meheriar Hasan, senior vice president of Product Management, "We think this is a big advantage for our financial institution clients, who realize that Internet banking is not simply a cost center but a profit center. What financial institution wouldn't want an Internet branch with these demographics The attributes of people in a particular geographic area. Used for marketing purposes, population, ethnic origins, religion, spoken language, income and age range are examples of demographic data. ?" According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Digital Insight, several factors contributed to the company's ability to serve more than one million end users, but the primary factor was providing a solution that can address the increasing demand for Internet banking from consumers. "Our investment in scalability, security, and reliability helps ensure a positive experience for our client's customers," said Dorman. About Digital Insight Digital Insight(TM) empowers financial institutions to provide Internet-based financial solutions to their retail and commercial customers via a cost-effective, outsourced service. The Company's unique AXIS(TM) architecture is the only ASP system designed to communicate in either real time or batch, based on the institution's core data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a system. AXIS is Axis I Psychiatry A classification dimension used with DSM-IV, which includes clinical disorders and syndromes and/or other areas of concern. See DSM-IV, Multiaxial system. template-based, enabling retail and commercial Internet banking in multiple languages and across multiple access devices. Along with Internet Banking, Bill Payment and Cash Management, Digital Insight continues to offer more to its clients. Profit generating opportunities are offered through the following product lines: AXIS eCommerce, a financial web portal See portal. ; AXIS Online Lending, a completely automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. lending solution; and AXIS Advanced Target Marketing with its sophisticated data mining and predictive modeling capabilities. All of Digital Insight's products and services are secure, reliable, and scalable. For more information about Digital Insight, go to www.digitalinsight.com. Digital Insight. Beyond Internet Banking.(TM) |
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