Earlier this year, Corillian Corp announced that International Bancshares Corporation (IBC) had selected Corillian for its next-generation consumer and corporate cash management online services platform. The deal was Corillian’s first installation of Corillian Corporate Banking, as the company moves forward with an expansion from its consumer banking roots into the corporate banking and small business areas.

The move is also part of a growing trend for providers of online banking solutions leaving the niche space to achieve more broad appeal, said Forrester analyst Penny Gillespie, citing Corillian competitor S1 as an example of another company that has already charted this course.

“They have to prove capability and competency, but there certainly is precedence,” Gillespie said. Increasingly, the industry is shifting to one where the underlying platforms in the consumer, small business and corporate banking space are built to the lowest common denominator, with specific functionality added to each to meet the different sectors’ needs, Gillespie said. Corillian Small Business Banking, introduced last year, had eight live customers and three more in implementation as of the company’s year-end results announcement last month.

Corporate banking is targeted to a more sophisticated user and often involves more FX and more specifics cash flow concerns, but could share an underlying online banking infrastructure with other areas, Gillespie said.

While IBC was an existing Corillian client, the decision to upgrade to a next generation platform and to implement the new Corillian Corporate Banking system came as a result of a recent acquisition, said Steve Shaw Corillian’s corporate communications manager. IBC completed the acquisition of Local Financial Corporation in June of last year. In the process of integrating the acquired company, IBC decided to upgrade to the newest version of Corillian’s Consumer Banking system, and it tapped Corillian Corporate Banking for the acquired company’s corporate cash management business. Through upgrading to the new system, IBC, which after the acquisition has 161 branches in Texas and Oklahoma, will be able to offer multi-lingual banking services.

www.corillian.com

www.iboc.com