BITS publishes new guidelines for Financial Services Aggregation
BITS, a Washington, DC-based non-profit consortium of 100 of the largest financial institutions in the US, has published new voluntary guidelines for financial services aggregation that promote sound, private and secure services.
The new report suggests guidelines for the collection and storage of customer account information; guidelines and recommendations for aggregation service providers, aggregation technology providers, third-party vendors and institutional account holders; and identifies the need for authentication and information exchange
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