Like it or not, the credit crisis and resulting consolidation are reshaping the banking landscape into a new era of one-stop financial supermarkets of banking and investing under one roof. And according to Forrester Research, most don’t like it.
Up to three-in-four households are not interested in consolidating their financial accounts with a single firm, a new Forrester report issued this week shows. In fact, many fear it, worried about institutional failure and the growing problem of data security. One of four of those households think having their accounts wrapped up with one provider makes their personal information more susceptible to a security breach.