What is the process called that links to online institutions hosting client assets and brings information back to eMoney?

What is the process called that links to online institutions hosting client assets and brings information back to eMoney?

• A. Data import
• B. Financial linking
• C. Account aggregation
• D. Data synchronization

Answer: (C)

Account aggregation is the process of securely connecting to external financial institutions where client assets are held and pulling back data such as balances, transactions, and holdings into eMoney to create a unified view. This enables a complete, up-to-date picture for planning without manual entry. Data import would involve manually uploading a file, data synchronization is a broader term about keeping data updated and not necessarily describing a direct pull from external institutions, and financial linking is a vague label. Therefore, account aggregation best describes linking to online institutions and returning information to eMoney.

Account aggregation is the process of securely connecting to external financial institutions where client assets are held and pulling back data such as balances, transactions, and holdings into eMoney to create a unified view. This enables a complete, up-to-date picture for planning without manual entry. Data import would involve manually uploading a file, data synchronization is a broader term about keeping data updated and not necessarily describing a direct pull from external institutions, and financial linking is a vague label. Therefore, account aggregation best describes linking to online institutions and returning information to eMoney.