Financials Erode AtCorillian

April 28, 2005, 1:00 a.m. EDT 1 Min Read

PORTLAND, Ore. - (04/28/05) -- Corillian Corp., maker of theVoyager suite of Internet banking services, said net income fell bymore than half for its first quarter to just $654,000, and twocents a share, while revenues declined by 4% to $11.2 million.Revenues and net income for the quarter were negatively impacted byabout $500,000 by recent notification after the end of the quarterthat a launch date for the company's biggest project has slipped afew months. The first quarter was highlighted by the signing ofCitigroup to the company's Fraud Detection System.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Consumer banking

Citi has 'moved on' from credit card complaints, exec says

Some customers reportedly complained about getting locked out of their accounts after signing up for the bank's new Strata Elite credit card. "We feel like we have done the right thing for all of our good customers," Pam Habner, Citi's head of U.S. branded cards, said Tuesday.

By Nathan Place

3h ago
How banks are finding business use cases for stablecoins

Speakers at the Most Powerful Women in Banking conference Tuesday shared several scenarios in which banks will benefit from dollar-pegged cryptocurrency.

By Melinda Huspen

4h ago
Earnings

Capital One isn't worried about loan growth 'brown out'

The McClean, Virginia-based bank said Tuesday that credit quality remained strong in the third quarter, and that it has approved a plan to buy back $16 billion of common stock. It's temporarily tapping the brakes on loan growth as it digests the Discover acquisition.

By Catherine Leffert

5h ago
2025 Most Powerful Women in Banking

Want to move on from banking? Build 'portable skills'

At American Banker's Most Powerful Women in Banking Conference in New York City, former Most Powerful Women in Banking honorees said to build skills that you can take with you outside of a big bank, and that banks should reward risk-taking and building over incremental change.

By Claire Williams

6h ago
Bank of America

BofA treating gov't. shutdown like natural disaster: CEO

Bank of America has a playbook for government shutdowns, which includes providing fee and payment waivers as well as loan deferrals and forbearance programs, CEO Brian Moynihan said at the American Bankers Association's annual convention.

By Allissa Kline

6h ago
NYDFS

New York says banks are responsible for vendors' cyber risk

New guidance outlines specific due diligence and oversight steps banks must take, reinforcing that they are ultimately accountable for vendor failures.

By Carter Pape

6h ago