International Business Machines (IBM) will be licensing a set of software tools developed by National Westminster Bank in-house to tackle Year 2000.
The legacy management system tests old software, which records years as only two digits, to see how it would react if modified to deal with four-digit dates.
NatWest?s millennium compliance by-product does not signal the bank?s move into the software development business.
Achi Rachov, NatWest?s head of Information technology said: ?We have developed a very powerful find mechanism. It is nearly conclusive date detection. Companies can transform their legacy systems to deal with the date change but make sure that the systems perform as well as they did before.?
According to Rachov, no money will be made from the deal: ?We do not want to benefit from other people?s misery,? he said. ?The deal is part of our ongoing relationship with IBM. They will charge for it, but moderately. It has got to be in our interests that as many people as possible are prepared for the millennium - whether they are customers or partners. But if people use the technology beyond the millennium that is when we will be looking to make money out of it.?
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