Intermediary business model (intermediation) based on the bundling of ser- vices, which is present in many fintech solutions. Similar to the broker model, an aggregator mediates between providers of competing and/or complementary services on the one hand and clients on the other. In contrast to brokers, aggregators take possession of the transacted offerings and they are also responsible for setting prices. The aggregator model is found with e-commerce platforms such as Amazon or banks that provide services of cooperating insurance companies (bancassurance). If these digital services are also linked to digitized physical resources (smart product), such as electronic payment services for vehicle parking services, then the term smart service or mobility service is also used.
More Term Definitions
- Algorithmic Banking/Algo Banking
- Acquiring Bank/Acquirer
- Advanced Encryption Standard (AES)
- Alternative Financing
- Agent
