LAS VEGAS, May 5, 1999 — Microsoft Corp. today announced that 16 financial institutions have joined the Advisory Council for its Windows® Distributed interNet Applications architecture for Financial Services (Windows DNAfs) initiative. The Windows DNAfs Advisory Council is made up of more than 40 independent software vendors from the banking, securities and insurance industries that collaboratively developed and launched the Windows DNAfs initiative on Dec. 3, 1997, to bring application integration and interoperability to financial institutions.
“We are pleased to include enterprise financial institutions on the Windows DNAfs Advisory Council in an effort to fine-tune the architecture,” said John Grispon, Microsoft’s Worldwide Banking Industry manager. “Not only will they have a unique opportunity to help set the strategic direction of the framework, but they will also have the chance to implement next-generation solutions that take advantage of the Internet and electronic commerce.”
The Advisory Council is composed of financial institutions and ISVs from around the world with expertise in a variety of financial services subject areas, including branch automation, core account processing, online banking and call centers. Among the new members, companies such as KeyCorp of America, the Commonwealth Bank of Australia, and BWS from Germany have joined the Windows DNAfs Advisory Council and are evaluating whether to implement the architecture in their branch or call center operations.
Customer Success With Windows DNAfs
Ohio Savings Bank, a $5.5 billion bank with 45 branches in Ohio and Florida, recently went live with the first phase of Windows DNAfs implementation that included a rollout to Ohio Savings’ Telephone Banking Center and strategically selected back-end operation areas. From their 250 seats of the Microsoft® Windows NT® Server and Microsoft Windows NT Workstation operating systems, Ohio Savings’ employees will now have access to all customer data.
“Microsoft Windows DNAfs architecture has provided us with the systems architecture and tools to compete head to head with any financial services organization,” said Jo Ann Boylan, Ohio Savings Bank’s chief technology officer. “With the opportunity to participate on the Advisory Council for Windows DNAfs, we feel we have a unique and rare opportunity to influence the future direction of information systems technology for our company as well as the financial services industry.”
Other financial institutions on the Windows DNAfs Advisory Council are Wachovia Corp., Credit Suisse Group, BB & T and Landesbank Baden-Wurttemberg. Open Financial Solutions and SunTrust/Crestar.
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