23 May 2018
Visit response.ncr.com

First Union enters aggregation market with Yodlee

08 November 2000  |  2790 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  |  5621 views  |  0 comments
First Union to offer mobile banking

First Union to offer mobile banking

16 October 2000  |  2722 views  |  0 comments
Bank of Montreal tests mobile account aggregation

Bank of Montreal tests mobile account aggregation

03 October 2000  |  3251 views  |  0 comments
VerticalOne goes global with account aggregation

VerticalOne goes global with account aggregation

19 September 2000  |  3713 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit aciworldwide.webex.comvisit www.ebaday.com

Top topics

Most viewed Most shared
PayPal agrees $2.2 billion deal for iZettlePayPal agrees $2.2 billion deal for iZettl...
9890 views comments | 16 tweets | 28 linkedin
BBVA begins global roll-out of unified mobile appBBVA begins global roll-out of unified mob...
8712 views comments | 6 tweets | 5 linkedin
Japanese banks join quantum computing hubJapanese banks join quantum computing hub
7365 views comments | 8 tweets | 5 linkedin
SEC lures wannabe crypto investors with fake ICO siteSEC lures wannabe crypto investors with fa...
6882 views comments | 7 tweets | 11 linkedin
Fed governor: Digital tokens for financial settlement hold promise for central banksFed governor: Digital tokens for financial...
6587 views comments | 7 tweets | 11 linkedin

Featured job

Find your next job