ANAHEIM, Calif., Dec. 11, 2001 — Today at BAIs Retail Delivery 2001 Conference, Microsoft Corp. announced that it has signed a strategic agreement with Corillian Corp. (Nasdaq
“CORI” ) to provide the Microsoft® Web-based subscription service, currently code-named
“MSN® Money Professional,”
to Corillian for integration and distribution to the U.S. banking industry. Under the terms of the agreement, Corillian will integrate
“MSN Money Professional”
with its Corillian Voyager platform, which enables the delivery of a wide range of financial services to consumers via the Internet.
As the leading provider of e-finance solutions to the top 100 U.S. banks, Corillian is the latest to benefit from the high-performance tools and resources available through
“MSN Money Professional,”
a Web-based service designed to help financial advisers better serve their customers through the power and flexibility of the Internet. As the first .NET service for the financial services industry,
“MSN Money Professional”
will enable financial advisers already operating on Corillians Voyager platform to easily provide clients with personal finance Web sites, portfolio updates, relevant reports, and real-time news and quotes, and do so in a secure manner. Corillian plans to make
“MSN Money Professional”
available to its more than 50 banking clients.
“Corillian is one of the financial services industrys most respected and trusted technology providers. As such, they bring to the table a wealth of knowledge regarding the needs of todays financial institutions,”
said Greg Nelson, product unit manager of the Financial Technologies Group at Microsoft.
“Corillians expertise coupled with the technology resources and support of Microsoft enables us to deliver a single, integrated solution to help financial advisers more effectively serve their clients.”
“MSN Money Professional”
was created to help financial professionals better collaborate with and serve their customers through the Internet. Scheduled to launch in early 2002, the beta version of the subscription-based service will combine select Microsoft .NET My Services with secure document publishing, portfolio reporting and financial content from the award-winning MSN Money Web site to deliver the customer communication tools advisers need most. Microsoft unveiled
“MSN Money Professional”
last month at COMDEX Fall 2001, at which time Advent Software Inc. also announced plans to make the service available to its more than 6,500 clients, which range from small and regional investment firms to large Wall Street investment banks.
“The needs of financial professionals are changing as todays consumers become increasingly tech-savvy and Web-reliant. We recognize the importance of providing financial institutions with the best technologies to help them maintain superior customer relationships,”
said Ted Spooner, CEO of Corillian.
“By combining the powerful tools and functionality of MSN Money Professional with the flexibility and reliability of Corillian Voyager, were delivering the most comprehensive e-finance solution available.”
The Corillian Voyager platform allows for the delivery of a wide range of financial services to customers via the Internet, including Internet banking, bill delivery and payment, customer relationship management, enhanced data integration and small-business transactions. The Corillian Voyager platform is designed to be a high-performance, flexible, real-time solution, providing any financial institution with a reliable foundation for its e-finance requirements.
Founded in 1975, Microsoft (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.
Microsoft and MSN are either registered trademarks or trademarks of Microsoft Corp. in the United States and/or other countries.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
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