Citibank has launched what it claims is the UK financial sector’s first “online account aggregation service”.
My Accounts – accessible from Citibank.co.uk – is intended to act as a portal to thousands of online accounts, including those from Citibank’s main rivals. The technology is provided by a company called Yodlee.
My Accounts customers can use it to access their Abbey National current account, for example, their Egg savings, Bank of Scotland mortgage and Goldfish balance all at the same time, on one page and with one password.
Customers can then look at their Stocktrade service, together with BBC and Sky news feeds to check the stockmarket.
The portal is available free to Citibank and non-Citibank customers alike, and aims to become the single source for bank and credit card balances, e-mail services, news headlines, reward and mileage programmes, utility bills and other personal information from a selection of “key UK and international service providers”.
Citigroup, the parent company of Citibank, already has considerable experience of account aggregation, having launched www.myciti.com in the US 14 months ago.