We wanted to reach out to bring you up to speed on a topic that's been generating a lot of interest in the financial services space: data aggregation.
As you know, the security of your data is our top priority. And as part of our commitment to ensuring your information is protected in today's changing security landscape, we're planning make a few gradual changes to your Personal Financial Website over time.
Here's what you need to know:
The Connections on your Personal Financial Website currently aggregate your data in two ways – either via APIs or a method known as "screen scraping."
Our industry has identified that API-based aggregation is the most effective and secure because it gives you greater control of your financial account data.
Though our technology safely screen scrapes your information today, we plan to fully transition to API-based aggregation in the future.
You will likely eventually be required to allow your P ersonal Financial Website to access your data directly from your financial institution, rather than sharing log-in credentials.
This transition means no more broken Connections, ultimately enhancing your experience.
Check out our Guide to Data Aggregation for more information.
While nothing is changing immediately, we wanted to make sure you were aware in advance to ensure you're prepared to make a few small changes in the future.
More to come on this in the coming months. Give us a call if you have any questions in the meantime.
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