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Sterling
Financial Launches
New Small Business Online Banking
Service
Corillian
Small Business Provides Enhanced
User Experience on an
Integrated Platform
PORTLAND, Ore.--(BUSINESS WIRE)--Oct. 22,
2003--Corillian Corp. (Nasdaq: CORI), a premier provider
of enterprise software and services for the financial
services industry, today announced that Sterling
Financial, a $2 billion multi-bank holding company located
in Lancaster, Pa., has successfully added small business
banking into its Corillian Voyager solution. Sterling
Financial can now offer small business customers unique
real-time functionality on a unified platform.
Corillian Small Business, which is deployed on the
industry-leading Corillian Voyager 3.0 platform, allows
Sterling Financial the ability to leverage feature-rich
capabilities key to small business customers. Tiered
authority, for example, gives business owners and office
managers the power to delegate business functions to
employees at their discretion, as well as to determine
levels of access and transactional capability based on a
given employee's role and responsibilities.
"We are pleased to continue meeting the diverse needs
of our small business customers by offering multi-use
functionality on a single platform," said Kathy Phillips,
senior vice president and chief technology officer of
Sterling Financial Corporation. "Corillian Small Business
provides our customers an enhanced user experience while
remaining cost-effective, due to the flexibility of the
Corillian Voyager platform. It is critical that we deliver
convenient, integrated services to our customers in the
growing small business segment, and leveraging the
customizable architecture of Corillian Voyager has enabled
this."
In 2002, Sterling Financial converted to Corillian
Voyager to provide innovative online banking services to
its retail customers. With the addition of Corillian Small
Business to its online banking service, Sterling
Financial's small business customers are now able to view
their financial information in real-time and synchronize
data with small business accounting software, such as
Intuit QuickBooks
®. Other features include online
registers with categorization and reconciliation,
transaction approval email notifications, and online bill
presentment and payment.
"Sterling Financial is the most recent customer to
recognize the value of leveraging the Corillian Voyager
platform across multiple lines of business," said Alex
Hart, president and CEO of Corillian Corporation. "By
offering the comprehensive and innovative features of
Corillian Small Business to customers through leveraging
its existing Corillian Voyager platform, Sterling
Financial maintains a competitive advantage and provides a
user experience that will help grow its small business
customer base and build revenue. This is yet another
example of how the dynamic Corillian Voyager platform can
be leveraged to provide financial institutions with
enhanced services and advanced capabilities in the online
channel."
About Sterling Financial
Sterling Financial Corporation, with total assets of over
$2 billion, now operates more than 50 banking locations in
south central Pennsylvania and northern Maryland, through
its subsidiary banks, Bank of Lancaster County, NA, Bank
of Hanover and Trust Company, First National Bank of North
East, Bank of Lebanon County and PennSterling Bank.
Sterling Financial Corporation also owns Sterling
Financial Trust Company, which has close to $1 billion in
assets under management. For more information about
Sterling Financial Corporation, visit their Website at
www.sterlingfi.com.
About Corillian
Corillian is a premier provider of enterprise software and
services for the financial services industry. Empowered
with Corillian solutions, some of the world's most
visionary financial institutions provide their customers
with the tools to manage their finances more effectively.
Corillian's solutions are unmatched in reliability and
performance, and successfully scale at some of the world's
largest financial institutions. Corillian's proven
solutions enable financial institutions to deliver
innovative services enterprise-wide, across multiple
delivery channels and multiple lines of business. The
Corillian Voyager platform provides secure and scalable
account access and transaction processing for a wide
variety of applications built by Corillian's expert
software developers, by Corillian-certified partners, and
by the in-house development organizations of some of the
world's best financial institutions. For more information
about Corillian Corporation, visit the company's Website
at
www.corillian.com.
Contacts
Steve Shaw
503-629-3770
sshaw@corillian.com