Magazine article American Banker

Maryland National to Use Loan System by Microsoft

Magazine article American Banker

Maryland National to Use Loan System by Microsoft

Article excerpt

Maryland National Bank plans to be the first financial institution to install a new soup-to-nuts commercial lending system from Microsoft Corp. and three bank-software partners, according to sources close to the project.

The personal computer-based software, slated for installation at the bank by early next year, is built around Microsoft's Windows system. Users can control a computer's basic functions by selecting graphic icons instead of typing computer codes.

Microsoft, in the wake of its widely publicized breach with International Business Machines Corp. over the direction of PC software, wants to encourage banks to embrace Windows rather than IBM's competing OS/2 operating system.

Alliances Formed

Last month, Microsoft announced an alliance -- with Andersen Consulting Co. and with two of IBM's former partners -- aimed at integrating commercial lending software using Windows. The alliance members, besides Andersen Consulting, are Micro Resources Inc., Corte Madera, Calif., and Michigan National Corp.'s BancA unit, Dallas.

Microsoft is expected to announce the time schedule for the rollout of its software, called Solutions for Commercial Banking, at a news conference scheduled for Wednesday.

The project is also intended to fill a void left by IBM when it pulled the plug early this year on its long-delayed Officer Workbench project.

IBM reportedly sank about $5 million into the project, which was to have been tested at Meridian Bancorp, Reading, Pa. …

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