The security of the account access details as well as the financial information is key to users having confidence in the service.
While such services are primarily designed to aggregate financial information, they sometimes also display other things such as the contents of e-mail boxes and news headlines.
in an easy-to-use manner wherein they got functionalities like single password, one-click access to current account data, total net worth and expense analysis.
With SSO (usually implemented via SAML) major financial institutions are now expanding their aggregation services into new areas.
By leveraging the technology, lenders can meet the rigorous standards set by entities like Fannie Mae and Freddie Mac, ensuring compliance while benefiting from increased operational efficiency.