Data Aggregator Market Analysis

Data aggregation has become a staple in financial services. Whether you’re a fintech startup or an established financial institution, this report will help you navigate the world of data aggregators. Our goal is to help you understand the essential role aggregators play in powering modern financial products, as well as equip you with the relevant information you will need if you decide to work with one. We explore the strengths and limitations of different providers and discuss the ever-evolving regulatory landscape. We hope this report empowers your business to choose the right partner and leverage data aggregation for growth and innovation.

What the data shows

Transaction data aggregators are the backbone of modern fintech, powering personal financial management and budgeting tools, account-to-account (A2A) transfers, credit decisioning, wealth management, and open banking. If you’ve ever connected a bank account to a financial app, you’ve used one.

Demand keeps climbing. 71% of consumers hold more than one credit card, driving the need for a single, unified view of their finances, and 72% say they would switch banks if their institution didn’t support linking accounts to outside apps. At the same time, Section 1033 of the Dodd-Frank Act is reshaping the market, requiring banks to share a consumer’s financial data on request and pushing the industry away from fragile screen-scraping toward secure, API-based access.

Choosing the right aggregator comes down to more than brand recognition. This report profiles Plaid, Finicity, MX, Teller, and Yodlee against twelve decision factors (coverage and connectivity, data quality, Section 1033 compliance, security, reliability, pricing, update frequency, international coverage, and more) and lays out the exact questions to ask before you sign, so you can choose the right partner without months of trial and error.