Wells Fargo delivers account aggregation

Wells Fargo delivers account aggregation

San Francisco-based Wells Fargo has launched Wells OneLook - a free account aggregation service for its 2.6 million online customers. The service, powered by Teknowledge, gives customers single sign-on access to their balances across multiple financial institutions.

Aggregation technology is quickly becoming a must-have service for online bankers in the US. According to a recent Forrester Research study, 66 percent of Internet users want to be able to consolidate their view of online services.

Using a single user ID and password Wells Fargo customers can get an instant snapshot of their financial affairs from a single Web page. Wells OneLook also offers phone and e-mail support.

Avid Modjtabai, executive vice president of Wells Fargo's consumer Internet group, claims the service meets higher privacy and security standards than many offerings in the industry.

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