MENLO PARK, Calif. - E-Trade Group Inc. has hired Yodlee Inc. to provide account aggregation services to its three million customers.
Their agreement, announced last week, will let customers at E-Trade's Web site view account information from any financial institution with which they have a relationship.
Yodlee, of Sunnyvale, Calif., already had similar agreements with 20 financial services companies, including Citigroup Inc., Chase Manhattan Bank, Morgan Stanley Dean Witter, Merrill Lynch & Co., and FinanCenter.com, which offers Web calculators, borrowing, investing, and financial research.
E-Trade Group also announced that its Internet-only E-Trade Bank had more than doubled assets in the past year, to $8 billion, becoming one of the top 20 federal savings banks.
Michael H. Caplan, chief banking officer, attributed much of the asset growth to the promotion of bank services to E-Trade's brokerage clients.
