23 January 2018
visit http://response.ncr.com

First Union enters aggregation market with Yodlee

08 November 2000  |  2743 views  |  0 First Union enters aggregation market with Yodlee

US top six bank First Union has contracted with Yodlee for the delivery of account aggregation services to its retail customer base.

The aggregation software will offer customers one-click access to all their financial information, including online banking, billpay, brokerage, mortgages and other accounts from First Union and other financial institutions. First Union is also planning to utilise Yodlee's single sign-on technology, which enables customers to sign-in with their First Union password to gain access to all their online accounts.

David Carroll, executive vice president and chief e-commerce officer, First Union, says the new service will provide clients with a "set of online tools to manage their financial lives in a safe, secure and authenticated environment."

He says the service will adhere to the BITS industry standards for security and privacy expected later this year.

More than 90 million people are expected to use aggregation services by 2005, according to US Bancorp Piper Jaffray. Of announced deals, Yodlee claims over 75% market share within the North American financial services industry through implementations at Chase, Citigroup, ABN Amro, Morgan Stanley Dean Witter, and E*Trade.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Chase launches account aggregation service

Chase launches account aggregation service

17 October 2000  |  5471 views  |  0 comments
First Union to offer mobile banking

First Union to offer mobile banking

16 October 2000  |  2693 views  |  0 comments
Bank of Montreal tests mobile account aggregation

Bank of Montreal tests mobile account aggregation

03 October 2000  |  3173 views  |  0 comments
VerticalOne goes global with account aggregation

VerticalOne goes global with account aggregation

19 September 2000  |  3661 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.capgemini.comvisit www.ebaday.com

Top topics

Most viewed Most shared
Banks shift priorities toward growth, digitisation and innovation - surveyBanks shift priorities toward growth, digi...
9318 views comments | 37 tweets | 48 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
9170 views comments | 14 tweets | 14 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
8949 views comments | 12 tweets | 12 linkedin
Sbanken opens developer portal and invites customers to build their own digital bankSbanken opens developer portal and invites...
8273 views comments | 17 tweets | 11 linkedin
Metro Bank joins digital revolution with instant online account openingMetro Bank joins digital revolution with i...
6910 views comments | 13 tweets | 25 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job