View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 21, 1996


By CBR Staff Writer

Microsoft Corp plans to expand the use of the Internet in consumer banking with new technology intended to best rival Intuit Inc, a company which Microsoft tried to take over last May (CI 2669). Microsoft, meeting about 200 bankers and software developers, unveiled specifications that enable direct Internet connections between users of the company’s Money personal-finance software and their financial institutions; the company expects announcements this week from the first banks that will offer the services; Microsoft said the Internet option, known as Open Financial Connectivity, gives it an advantage over Intuit, which dominates the market for personal finance software with Quicken, used by more than 7m people; since a planned merger of Microsoft and Intuit was scuttled by anti-trust concerns, Microsoft has charged ahead and is making inroads with the latest version of Money, which operates only under Windows95; Intuit dismissed the Microsoft announcement as old news and said Quicken users will be able to connect to their banks over the Internet or through America Online Inc by the autumn.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.