Content area
Full Text
UNTIL RECENTLY, BANKS THAT WANTed to offer home banking solutions with sophisticated personal financia management (PFM) software packages had little safe choice but to offer Intuit, Inc.'s Quicken as a front endtaking a run at the fanatical following of 8 million or so customers and going strong-and sign on with Intuit Services Corp. as the back-end processor. Managing Your Money was not faring well with consumers (with or without Bank of America and NationsBank), and Microsoft's offering paled in comparison to Quicken's user-friendly solution.
But those days are over, and it's Microsoft Money 97 with a brand new look that may help banks escape commoditization and disintermediation. Money 97 is a natural follow-up to Microsoft's introduction of the open financial connectivity (OFC) specification, designed to allow banks to hook the software giant's Money front end up to the processor of their...