In account aggregation opportunities
New online services offer consumers easy access to account information consolidated financial. These services are the aggregation of new challenges for regulators and the traditional banks and financial institutions.
Sage Financial Group, Inc.; VerticalOne. Not even the names of these companies are leading a revolution in financial services - Web aggregation of accounts.
The 500000 and 1 million users of services aggregation bill could reach today, 7 million in two years and between 50 million and 90 million by 2005, in New York - based U.S. Bancorp Piper Jaffray. Consumers concerned about the account aggregation are exactly the customers that the objective of financial institutions - they are younger, richer and the Web as their counterparts Versierten disinterested.
Recent advances in technology and the growing acceptance of the Internet have popularized aggregation. Given that more and more consumers for the services of traditional financial services providers are struggling to determine where the aggregation of leaves. Initially, financial institutions had tried to block the aggregation of activity data, complain themselves aggregators to prevent the so-called video cancrelats, citing concerns about security and responsibility.
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