Account aggregation to go unregulated

Online account aggregation service will not be regulated, the FSA warned yesterday, however an e-commerce study to be published by the regulator next month will take a closer look at its implications for consumers. To date, there are very few UK financial services firms offering account aggregation, such as the Woolwich with its Open Plan and Moneysupermarket.com, however, several big name financial services companies - such as Fidelity Fundsnetwork - are developing account aggregation systems. Account aggregation - or screen scraping as it is otherwise known in the e-finance industry...