Finicity Account Aggregation

Finicity

Finicity is a Mastercard company that offers certain open banking solutions to connect financial data easily. It gives people the ability to access, control, and share their financial data with banks, lenders, or fintechs: https://www.finicity.com/

iJoin and Finicity

Finicity Account Aggregation is a service within the iJoin ACT experience that allows an enrolled participant to link to their outside accounts assets. These accounts will then be included in the Projected Retirement Income calculation in iJoin.

Linked account assets are updated nightly within iJoin to keep the participant’s "Projected Retirement Income" calculations up to date.

**iJoin pulls account information directly from Finicity. iJoin does not store login credentials for outside accounts.**

Finicity Account Aggregation Setup

The Finicity Account Aggregation option is only available when the Enable Plan for iJoin ACT setting is toggled On.

To enable ACT navigate to: Advisor Portal > Plans > select specific plan > Experience Setup > iJoin Plan Use

Once the Enable Plan for iJoin ACT setting is toggled On, the Finicity Account Aggregation option can be toggled On.

Navigate to: Advisor Portal > Plans > select specific plan > Experience Setup > Other Enrollment Settings
When the Finicity Account Aggregation is toggled On, enrolled participants will have the Finicity Account Aggregation option available when going through the iJoin experience

Note: if ACT is not enabled, the Finicity Account Aggregation toggle will not be available

Finicity Account Aggregation Participant Experience

Instructions on how participants can access the Finicity Account Aggregation feature.

Login to retirement account via single sign-on (SSO) to the recordkeeping system
Once at the participant’s dashboard, click on Review Your Strategy
- This will take the participant to the iJoin Goal-Based Retirement Income experience

Select I agree and then Continue

When the participant is on the Your Retirement Snapshot page, select Personalize Your Projection

Select Your Other Savings

At Your Other Savings, select Link Account

Select the financial institution from the available list

If a financial institution is not shown, use the Search for your bank option

Note: if a financial institution is not available or shown, participants will need to manage the account manually

When participant selects financial institution, iJoin will securely link to Finicity

Participants will login with their personal credentials to their financial institution
- The login information is securely encrypted and will only be shared with your financial institution