Three of the Top Five Malaysian Banks Launch Internet Banking Sites Powered by Corillian; Announcement Made at The Asian Banker Summit 2002.
SINGAPORE--(BUSINESS WIRE)--Feb. 27, 2002
Today at The Asian Banker Summit 2002, Corillian Corp. (Nasdaq:CORI), a leading global provider of eFinance solutions, announced that Arab-Malaysian Banking Group (AMBG), Bumiputra-Commerce Bank Berhad (BCBB) and RHB Bank Berhad (RHB), three of the top five commercial banks in Malaysia, have all launched Internet banking sites powered by Corillian.
All three projects involved 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 platform enables the banks to offer their customers Internet banking, including paying bills, viewing account balances and transactions online. As the banks develop their systems, customers will be able to take advantage of funds transfer, secure messaging, portal facilities, alerts and personalized financial management tools.
Corillian Voyager -- The Operating System for eFinance(TM) -- is a high-performance platform that allows for the delivery of financial services 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.
Corillian, already a leading player in the U.S. with a strong track record for providing cutting-edge eFinance solutions to financial services institutions, is demonstrating that eFinance solutions developed for the U.S. market can be adapted for other markets. With over 50 financial institutions already licensing the Voyager product around the world, the Corillian Voyager platform offers unparalleled levels of scalability for leading banks that are planning to enhance their Internet operations internationally.
"These launches represent the next major step forward for us in Asia," said Giles Hewson, Corillian International's business director for Asia. "The competitive nature of South East Asian markets is resulting in a greater liberalization and the rapid adoption of new technologies such as Corillian Voyager. Domestic banks that do not invest in world-class eFinance software may find that international banks are soon able to `cherry-pick' its best customers with online services, leaving the domestic banks with unprofitable business. Corillian Voyager is proven, reliable and quick to install and this combination has enabled forward thinking banks like AMBG, BCBB and RHB to take the initiative and provide the benchmark for Internet banking in this region."
About AMBG (www.ambg.com.my)
The Arab-Malaysian Banking Group, established in August 1975 as a joint venture bank between Malaysian Industrial Development Finance Berhad (35%), Arab-Investment for Asia (Kuwait) Ltd (45%) and Malayan Banking Berhad (20%), is a leading financial services provider in Malaysia. It offers an extensive range of banking and financial services, including investment banking, commercial banking, retail financing, leasing, stockbroking, insurance, asset/fund management, futures and options trading, and offshore banking.
About BCBB (www.bcb.com.my)
BCBB was established on Oct. 1, 1999, by the merger of Bank Bumiputra 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. BCBB has a large network of more than 250 branches throughout Malaysia and a worldwide presence with offices in London, New York, Singapore, Hong Kong and Tokyo.
About RHB Bank (www.rhbbank.com)
RHB Bank is Malaysia's third largest commercial bank and offers a comprehensive range of financial products and services ranging from retail, commercial and corporate banking to Islamic products and services and electronic banking. With its Head Office at RHB Centre in Kuala Lumpur, Malaysia, RHB Bank has built an extensive branch and Sales and Service Outlets (SSOs) network of over 200 offices throughout Malaysia. RHB Bank also has a regional presence in the region with branches in Singapore, Bangkok and Negara Brunei Darussalam.
About Corillian International
Corillian International is a leading provider of eFinance-enabling software for the financial services industry and is a subsidiary of Corillian Corporation, which is based in Oregon, USA. Corillian International is headquartered in the UK, and has offices in Italy, Malaysia and Australia, managing the group's business in all territories outside the Americas. Corillian applications support Internet banking, bill delivery and payment, brokerage, targeted marketing (eCRM), enhanced data aggregation, and small business transactions through Corillian Voyager. This product can be deployed on-site at the financial firm or at a secure data center. Corillian technology also enables Open Financial Exchange (OFX) access by personal finance management software packages such as Quicken(R), QuickBooks(R) and Microsoft(R) Money. For more information on Corillian Corporation, visit the company's Web site at www.corillian.com.
Note: Quicken and QuickBooks are registered trademarks of Intuit, Inc.
|Printer friendly Cite/link Email Feedback|
|Date:||Feb 27, 2002|
|Previous Article:||Activision Value's Shadow Force: Razor Unit Ships to Retail.|
|Next Article:||Majority of Nonprofits Not Dependent on Corporate Giving According to Kintera Survey.|