Released 31 May 2001. Comment closed 13 July 2001.

Account aggregation services were first offered in the United States in 1999. Since then, a number of US financial institutions, portals, and other businesses have either begun offering aggregation services, or have announced plans to offer aggregation services.

Aggregation services are now also appearing in Australia.

As part of its consumer protection responsibilities, ASIC conducted a website survey of financial institutions and other organisations to determine the availability and functionality of aggregation services in Australia, and to identify issues for consumers. This paper presents the results of this research and describes the consumer issues. It is intended to facilitate discussion on possible solutions.

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