How do aggregators benefit consumers?

Aggregators benefit consumers primarily by simplifying the overview of multiple accounts. This functionality allows users to manage various financial accounts or information from different sources in one centralized location. As a result, consumers can conveniently view their balances, transactions, and spending trends without needing to navigate through multiple bank or financial institution websites or apps. This streamlined approach enhances user experience and efficiency, as it reduces the complexity and time associated with managing various accounts separately.

Additionally, this simplification can help consumers make more informed financial decisions, such as tracking spending patterns or identifying which accounts are the most cost-effective. By providing a holistic view of their financial landscape, aggregators empower consumers to better manage their finances, thereby promoting financial literacy and responsibility.