Access Softek Debuts AccessMyMoney, the Web's First One-Stop Personal Financial Management Product.

Business Editors

AMERICAN BANKER ON-LINE 2000 SHOW

CHICAGO--(BUSINESS WIRE)--Oct. 12, 2000

AccessMyMoney First Product Offering Web-based Quicken(R) Like

Services, Account Aggregation and More to Banks, Credit Unions,

Brokers and Their Customers; Essential Technology for Financial

Institutions to Compete Effectively in the New Economy

Access Softek Inc. today announced the launch of AccessMyMoney(TM), the first total Internet-based software solution for managing personal finances that can be integrated into a bank, credit union, brokerage or other financial institution Web site.

AccessMyMoney is the next generation of personal financial management, or PFM, which has gained broad and enthusiastic market acceptance as a way to help end-users manage their finances by aggregating bank account, broker account and other personal financial information. AccessMyMoney was developed by Access Softek, a profitable, privately-held company, possessing more than a decade of technology leadership in the financial services industry as well as numerous strategic alliances with leading technology companies.

By utilizing the Web, AccessMyMoney offers breakthrough personal financial management technology that benefits both financial institutions and end-users. Financial institutions offering AccessMyMoney effectively enable their customers to access all of their financial Web accounts online from any computer at a single branded site with one password through a process called account aggregation. Then AccessMyMoney takes account aggregation significantly further, leapfrogging "screen scrapers" and becoming the first-to-market with working technology that allows end-users online access from any computer to additional Quicken(R) like services such as historical analysis, long-term planning and decision support.

"AccessMyMoney eclipses current personal financial management product offerings. Not only are we first to offer online access, but we provide a highly evolved product suite to end-users, their financial advisors and financial institutions, well beyond both screen scrapers and the Quicken(R) like models so trusted and popular in today's marketplace," stated Chris Doner, Access Softek CEO and founder. "AccessMyMoney tracks your complete financial environment, from assets and liabilities to real time net worth. We let you know how you are doing, not just how your bank and stock accounts are doing."

Doner added, "In addition to the increased utility for customers, AccessMyMoney is the ultimate asset aggregation tool for financial institutions, creating customer data that will be invaluable to financial institutions looking to offer better service. By incorporating AccessMyMoney into a financial institution's Web site, a bank or broker can combine a nimble Internet company's rapid rate of innovation with their trusted brand, resources and market share and become more competitive in the new economy."

AccessMyMoney offers the following features:

-- AccessMyMoney Personal Financial Manager: Like familiar desktop personal
financial applications such as Intuit's Quicken(R) and Microsoft(R) Money,
AccessMyMoney provides a platform for tracking, managing and planning personal
finances. As an Internet-based product, AccessMyMoney has the additional
advantages of real-time account updates, online bill payment and accessibility
from any Internet browser.

-- AccessMyMoney Aggregation: In contrast to other account aggregators such as
VerticalOne(TM) which depends primarily on the unreliable practice of visiting
the user's various account Web sites and "scraping" from the HTML code (cited
as just 80-percent accurate in American Banker), AccessMyMoney links to a
bank's back-end processing systems and gathers accurate financial data using a
combination of Open Financial Exchange (OFX) file download and Quicken(R)
Interchange Format (.QIF) file download. For institutions that don't offer the
previous three methods, AccessMyMoney uses screen scraping data.

-- AccessMyMoney Bridge(TM): Users desiring professional financial advice and
assistance can choose to make some or all of their accounts accessible online
to a financial advisor, accountant or business manager using the AccessMyMoney
Bridge(TM). The advisor can review the data, make recommendations and -- in
some cases -- initiate transactions on investments, taxes and other financial
planning activities

-- all online.

-- AccessMyMoney Membership Management: Financial institutions offering
AccessMyMoney can analyze data from millions of users and use it to administer
membership lists and target marketing campaigns to appropriate groups based
upon their behavior and needs.

-- AccessMyMoney Quicken(R) File Import: Rather than requiring users to fill
out lengthy written or online application forms for credit cards and loans,
AccessMyMoney offers a time-saving feature that allows them to import their
financial data from a native Quicken(R) file to financial institutions via the
Internet. This is also an advantage for the financial institution, which can
make a better credit decision because of the additional information available.

-- AccessMyMoney Open Financial Exchange (OFX) Server: AccessMyMoney allows
financial institutions access to the only OFX server to offer batch processing
of user data and processing of insurance transactions.

AccessMyMoney provides a unique solution for financial institutions seeking to keep pace as technological advances eliminate geographic barriers and the industry leaders rush to stake out territory on the Internet.

AccessMyMoney recently formed an alliance with MEMBERS Development Company LLC (MDC), a consortium of 37 credit unions/credit union service organizations and CUNA Mutual Group, to provide online account aggregation and personal financial management solutions to their members.

About Access Softek

Since 1984, Access Softek Inc. has provided software development solutions to leading companies in the United States, Europe and Asia including Microsoft(R) Corp., Adobe Systems Inc., and OmniSky Corp. Access Softek is a privately-held, Berkeley, Calif.-based company that is home to a team of highly-skilled designers, artists, developers and testers working out of the company's Berkeley headquarters, the New York project office and Moscow. Additional information is available at www.softek.com.

Notes: AccessMyMoney and AccessMyMoney Bridge are either registered trademarks and/or service marks or trademarks and/or service marks of Access Softek Inc. in the United States and/or other countries.

Quicken is either a registered trademark and/or service mark or trademark and/or service mark of Intuit Inc. in the United States and/or other countries. Intuit Inc. is not affiliated with and does not sponsor or endorse AccessMyMoney.

Microsoft is either a registered trademark or trademark of Microsoft Corp. in the United States and/or other countries. Microsoft Corp. is not affiliated with and does not sponsor or endorse AccessMyMoney.

All other brand and product names are either registered trademarks and/or service marks of their respective owners in the United States and/or other countries.