Barclays Bank is to become the first UK bank to link its computer-banking services with Microsoft?s Money 97 personal finance software giving the software giant a welcome fillip in the European personal finance software market.
Money 97, which helps users to manage, analyse and budget their finances, will go on sale in the UK in the middle of next month. When the Barclays? PC banking service starts next spring, customers will be able to dial in using a Windows 95 PC to obtain account balances, pay bills and transfer money between accounts. They will also be able to download account details into the Microsoft program.
In the US software market, Microsoft is trailing a long way behind Intuit's more established Quicken software. (Microsoft was prevented from acquiring Intuit on antitrust grounds). But in Europe the ground is less charted, with neither company established in a strong position. Richard Reay-Smith, director of personal sector banking at Barclays, said that the tie-up with Microsoft was not exclusive. ?I could imagine doing the same with the Quicken product from Intuit, and no doubt we will,? he said.
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