Reference no: EM131093892

BRD FOR XYZ

Legend:

Hammer - Where data is pulled and pushed from for client accounts which includes benchmarks for investment models, and real time performance of holdings in a portfolio

XYZ - robot advisor that uses algorithms of holdings details and clients retirement goals

TRANSACTION ID- unique identifier from cc portal

QLL - Firm investing and funding project

QUICKLINK - A web service that aggregates clients outside accounts (example Credit cards, loans, insurance, investment accounts ect)

Background:

This document/project is to successfully use and pull key features from XYZ (company invested by QLL) to further improve CC portal (client service for aggregated accounts). Furthermore, successful aggregations of clients internal and external investment accounts and how it is displayed to the client is a critical component for the transition to succeed.

Assumptions

1) XYZ to open frame that will house HAMMERQuicklink:

a. XYZ will be available through CC and next to CC. All data for CC and XYZ will come from HAMMER.

2) Data to flow from Hammer to XYZ, and XYZ would have to tie QLL client to HAMMER profile using existing Transaction ID approach

a. The clients Transaction ID would have to tied and carried over to the XYZ log on screen and internal accounts automatically synced to XYZ profile.

3) Users will continue to be able to aggregate all account types via Quicklink, although only investment accounts will be displayed on XYZ

4) Ensure clear for user that XYZ only supports investment accounts

5) Data from HAMMER is as good as XYZ's data for the 67 sites XYZ currently has aggregates

6) User able to add all outside account types using Quicklink

7) Data to flow between XYZ and CC

a. Data for client accounts to be in sync with CC and XYZ.

8) User(s) who has not enrolled in CC will be shown appropriate terms and conditions

9) Appropriate handling of outside accounts when necessary aggregated data elements are missing

Dependencies

1) Legal to approve XYZ can open frame that will house HAMMERQuicklink
2) Legal to approve how many terms and conditions to display to the client
3) Legal to provide updated CC terms and conditions
4) Legal to confirm if existing CC users need to re-consent, since there might be changes to the terms and conditions
5) Legal to provide updated CC disclosures (if necessary)
6) XYZ to confirm they can show data for investment institutions that XYZ currently does not aggregate (this is because HAMMER has access to ~3,240 investment sites, compared to XYZ's ~70)
7) IT to identify if user is adding accounts from: (1) CC home page vs (2) XYZ Intelligent Portfolios vs (3) CC
8) HAMMER to add 4 sites XYZ aggregates, that HAMMER currently does not support ---
9) HAMMER to confirm they aggregate all necessary data elements from the sites XYZ currently aggregates
10) CC extensions to show new accounts added/edited through XYZ.