In Brief: System Developer Selects Aggregation Tool

WESTPORT, Conn. - Financial Fusion Inc. has chosen Tekportal software from account aggregator Teknowledge Corp. of Palo, Alto, Calif., to provide the aggregation component of its Web and Wireless System.

Financial Fusion's system gives financial institutions the infrastructure for back-end connectivity and institutional electronic trading, online or through a wireless device.

By integrating Teknowledge's aggregation software into its Web and Wireless product, Internet banking customers can gain access to all their accounts on one site and transfer funds among accounts.

The service lets customers schedule e-mail alerts to notify them of status changes in any account and set business rules to have funds swept from one account to another under specified conditions.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER