Digital Insight to Integrate Home Banking Systems

Digital Insight, a provider of Internet banking on the World Wide Web, said it will integrate its Axis system with the Open Financial Exchange announced by Microsoft, Intuit and Checkfree.

The move will allow Digital Insight’s financial institution clients to deliver banking services through customers’ financial management software.

“We believe integrating our Axis Home Banking System with the Open Financial Exchange will benefit our financial institution clients because they will be able to offer more choices to their customers,” said Daniel Jacoby, Digital Insight’s chief technology officer.

Company officials said they believe most of the 9 million users of Intuit’s Quicken and Microsoft Money will request home banking access via their personal finance managers.

Digital Insight expects to support the Open Financial Exchange standard once specifications are completed and included in software scheduled to be released by Microsoft, Intuit and Checkfree in September.

Digital Insight provides online home banking services through 29 of the 55 financial institutions that offer access via the Internet. The Axis system currently has 19,000 customers, and Digital Insight officials said 50 more institutions are committed to providing it.