E-Aggregation: The Present and Future of Online Financial Services in Asia-Pacific
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4405-02.pdf
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229.26 KB
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Checksum (MD5)
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Author(s)
Fujii, Hiroshi
Okano, Taeko
Madnick, Stuart
Siegel, Michael
Date Issued
February 10, 2003
Series/Report no.
MIT Sloan School of Management Working Paper;4405-02
CISL;2002-06
Abstract
Many financial institutions have built websites to inform and attract customers.
Financial aggregation present an opportunity by which they can build stronger
relationships with customers. For example, financial account aggregation services
began in the United States but are now widely used by in other countries. In this
paper, we first classify aggregator types and their method for implementing their
service. Second, we explain the differences between financial account relationship
aggregation services in the U.S. and in Asia-Pacific countries. We then discuss the
status of financial comparison aggregation services and related issues. Owing to the
popularity of WAP phones and mobile phone service in Asia-Pacific, we will also look
into the development of mobile aggregation services. Finally, we examine future
directions for aggregators in conjunction with universal and global banking concepts
Subjects
Financial Institution
Aggregation Service
Universal Banking
Global Banking
Persistent DSpace Link
