Corillian Announces Addition to Management Team
Former Microsoft Money and Microsoft Marble Program Manager Joins to Lead Development of Voyager
BEAVERTON, Ore., Sept. 29 /PRNewswire/ -- Corillian Corporation, the leading provider of eFinance solutions for the financial services industry, today announced the hiring of Peter
Horadan as vice president of product development for its Voyager eFinance suite of products.
Horadan, 30, was previously a product manager for Microsoft Money, Microsoft's personal financial management product. At Microsoft, Horadan led a team that expanded Money's online
banking and brokerage features and owned technical relationships with various companies, including Intuit, Checkfree and Visa Interactive. Horadan also led the team that created the
Microsoft Internet Finance Server Toolkit (Marble).
"Pete's track record in the strategic development and release of financial industry products is invaluable to us as we strive to make Voyager the most attractive platform for financial
service providers," said Ted Spooner, Chairman and CEO of Corillian Corporation. "We've been very fortunate this summer to attract key talent from top-notch companies, including
Microsoft, Edify, Integrion, KeyBank, Visa International and Wang Global, and Pete is another great addition to our team."
Corillian's applications allow financial service providers to offer a range of Internet services to their consumer and small business customers, including Internet banking, bill payment, bill
presentment and cash management. Using Corillian's Microsoft NT-based products, customers can also integrate with their personal financial managers, Intuit's Quicken(R), Microsoft's(R)
Money and small business accounting packages that support OFX such as Intuit's QuickBooks.
"Corillian has a great, smart team in place that really gets eFinance," Horadan said. "The financial services industry is just at the beginning of a long path of technology changes that will
improve the way people work with and think about their money -- giving financial institutions many opportunities to serve their customers in great new ways. I think Corillian has a great role
to play in helping financial institutions give their customers greater intimacy with their money."
In addition to his work on Microsoft Money, Horadan helped create the Open Financial Connectivity specification, a software specification designed to help financial institutions' Web sites
exchange information with Quicken and Money. Horadan also helped integrate OFC with another specification from Intuit that led to the industry standard Open Financial Exchange (OFX)
that is used by numerous institutions today.
Horadan and Matt Cone, now Corillian's chief marketing officer, created Active Statements -- technology that allows bank customers to electronically download their statements directly into
their personal financial management packages, like Money or Quicken, without leaving the bank's Web site.
Horadan also worked as a software developer at Microsoft, working on parts of Internet Explorer and Microsoft Search Server.
Horadan holds a BS in electrical engineering from Rensselaer Polytechnic Institute in Troy, New York.
About Corillian Based in Beaverton, Oregon, Corillian is the leading provider of next generation Internet-based technology solutions that fulfill the eFinance needs of the Financial Services
industry. The Voyager platform is built on the Windows NT operating system. Voyager server applications support Internet-based banking, bill payment, brokerage, bill presentment,
narrow-casting, and small business transactions. Corillian's Client Solutions include Browser Banker, a customizable browser-based (HTML) interface, and OFX-enabled personal financial
managers like Quicken(R) and Microsoft(R) Money. For more information on Corillian, visit corillian.com .
SOURCE Corillian Corporation
-0- 09/29/1999
/CONTACT: Dave Yewman of The Weber Group, 503-471-2802, or
dyewman@webergroup.com, for Corillian Corporation/
/Web site: corillian.com
CO: Corillian Corporation
ST: Oregon
IN: CPR FIN
SU: PER
DP-JN -- SFW104 -- 6032 09/29/1999 15:23 EDT prnewswire.com
:SUBJECT: OR COMP
Copyright (c) 1999 PR Newswire
Received by NewsEdge Insight: 09/29/1999 15:31:35 |
