Account aggregation is a method that
involves compiling information from
different [bank account, credit card
account, investment accounts etc) into a
single place. This may include a database or
may be provided through "screen-scraping"
where a user provides the requisite
account-access information for an automated
system to gather and compile the information
into a single page. Usually this database
resides in a web-based application or in
client-side software. One of the first major
account aggregation services was Citibank's
My Accounts service, though this service
ended in late 2005 without explanation from
Citibank. Much has been said in the
Financial Services and Banking industry as
to the benefits of Account Aggregation -
principally the customer and web site
loyalty it might generate for providers -
but the lack of responsibility and
commitment by the providers is one reason
for scepticism about committing to those
same providers. The service helps users to
manage their money on internet (typical
desktop alternatives include Microsoft
Money, Intuit Quicken etc) in an easy to use
manner wherein they get functionalities like
single password, one-click access to current
account data, total net worth and expense
analysis etc. Account aggregation has
evolved with single sign-on at most major
banks such as Bank of America. With SSO
(usually implemented via SAML) major
Financial Institutions are now expanding
their aggregation services into new areas.
Rich Presentment (getting all the
information about a bill that you owe) is a
service that uses Aggregation extensively,
and can be seen at AOL, using AOL Bill Pay.
Aggregation also powers applications such as
Funds Transfer, New Account Openings, Card
Based Bill Pay and so on.
No
longer is Aggregation just a product, it is
now the platform/engine upon which many new
financial applications are built.
This website has been designed to
provide our users with access to all of the
major lenders offering all types and variations
of loan within the UK. The site offers the
facility for you to view different providers all
from one place and allows you to shop around for
the best loan deals available on the internet.
We have tried to make searching for the right
deal as simple as possible and this site,
along with many other resources on the internet,
makes searching for the most competitive deals quick and
easy. We hope that you find this resource centre
of assistance when trying to establish who in
the market offers the best type of deals. Please note we are an advertising
medium and do not therefore endorse products or
give any financial advice relating to the
products and services offered by the advertisers
on this site.
