Personal Data Aggregation

Clients have the ability to aggregate personal financial information on third-party platforms to assess their financial position. This data aggregation creates valuable opportunities for clients but also has the potential to put their data at risk if it is misused, mishandled or misappropriated. An individual’s personal information is invaluable, and its protection is of paramount importance.

The financial industry is committed to ensuring the safety of the clients we serve at every turn. SIFMA is coordinating a broad-based industry effort to protect a customer’s financial information, with a focus on investors’ right to securely access their own data. We have created a set of industry-wide Principles for protecting, sharing and aggregating customer financial information.

SIFMA has also introduced consumer resources for its members to help consumers better protect their data and discuss this important issue with their clients.



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