Sandy Spring Bank Launches Internet-Based Account Aggregation
Accounts available online with FundsXpress fx eBanking.
Sandy Spring Bank (Olney, Md., $2.3 billion in assets) has launched FundsXpress Financial Network's Internet banking platform, fx eBanking. The new account aggregation solution was chosen to increase adoption rates, retention and profitability by allowing account holders to consolidate password-protected financial information and to access multiple accounts securely within fx eBanking.
The bank sought the solution to satisfy customer demand, according to Tina Giorgio, vice president and director of marketing, Sandy Spring Bank. "We chose it because our clients have been asking for it. We have a survey on our Web site and we ask our clients what products and services they want to see in the future," says Giorgio. "Interest in aggregation was continuing to climb, and we felt that this was something we should deliver sooner [rather] than later."
FxFinance Center, Sandy Spring's latest FundsXpress product suite addition, is fully integrated within its fx eBanking system to deliver Sandy Spring account holders instant log-in access to all preferred accounts - including checking, savings, credit cards, brokerages, financial news and travel rewards programs - in one location. Account holders will also be able to view a consolidated snapshot of their financial standing, showing assets, liabilities and net worth. The bank is undergoing the pilot phase of the implementation.