Asian banks begin to embrace account aggregation

But while the one-stop shop is becoming an option for retail and high-net worth customers, for corporate clients it''s still a way off.

That's the proposition of account aggregation. Give up all your passwords to a single aggregator, whoever that may be, and let them present all of your information to you, pre-chewed and ready to digest. 

When this concept was first floated at the height of the dotcom boom and portals such as Yahoo and CNBC started offering the service, financial institutions were loathe to embrace the idea. After all, if portals or other banks got in on the scene it promised to steal valuable interaction time from the bank's own online service.

There were also serious questions over security. One bank, First Union, even tried to sue account aggregator PayTrust  for...

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