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Account Aggregation

   Also found in: Wikipedia 0.01 sec.
Account Aggregation
A practice or service in which information on a large number of accounts (such as credits, debts, and so forth) are available on a user friendly sheet or interface. Account aggregation makes management of multiple accounts easier, especially for a financial adviser or investmentmanager with a large number of clients. Account aggregation began to become common in the middle of the first decade of the 2000s.


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INTERNET BUSINESS NEWS-(C)1995-2004 M2 COMMUNICATIONS LTD Account aggregation provider eWise Systems has had its digital safe technology chosen by first direct, an online banking service provider, for its new offering.
FundsXpress, a provider of online financial services, and Yodlee, a provider of aggregation solutions, have formed a strategic partnership to provide a fully integrated account aggregation and Internet banking solution to FundsXpress clients.
With the emergence of open platforms like online brokerage accounts, Schwab's One Source and new account aggregation services, investors now have the ability to satisfy those goals.
 
 
 
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