Short-term business debt levels continue to expand in the first quarter alongside higher aggregate industrial output data, Fed reports show, even as high-grade issuers continue to refinance short-term debt balances at a steady clip this year.
It means that a whole world of new consumer applications and services is being enabled by the easier-than-ever ability to aggregate, standardize and present data from disparate sources.
The emphasis now is on clever (and costly) mobile-banking applications and tools that allow customers to aggregate their data and manage all their accounts from a single screen.