Schwab to offer online aggregation technology

Schwab to offer online aggregation technology

Charles Schwab & Co is to use technology from Yodlee to offer online account aggregation services to subscribers.

Schwab's My Accounts service will be freely available in early 2001 to retail clients and prospective customers on Schwab.com, and, later this year, via PocketBroker, the company's wireless trading service. The technology will also be made available to clients of investment advisors served through Schwab Institutional.

Aggregation services enable Internet users to get a consolidated view of their financial data from a variety of sources, including brokerages, banks and credit card companies.

"My Accounts will make it easier for investors to manage their finances in a smarter, more holistic way, without the inconvenience of juggling multiple passwords and jumping from account to account to review, compare and make financial decisions," says Gideon Sasson, enterprise president of electronic brokerage for Charles Schwab & Co.

Users will additionally be able to configure My Accounts to deliver access to other personal information services such as e-mail, online news dispatches, mileage programmes and awards, and travel schedules.

Comments: (0)

Find out more

Trending Stories