FISD FIA Module 2 Practice Test 2026 – The Comprehensive All-in-One Guide to Master Financial Information Associate Certification!

The main idea is who creates the data versus who brings together data from multiple sources. Originators are the source of the data—they generate or collect the initial information themselves, such as a firm producing its own transaction or account data. Aggregators, on the other hand, pull data from multiple originators or third-party sources and combine it into a single, coherent dataset, often standardizing formats and enriching the information for easier use.

So the correct description matches this: originators create or directly collect their data, while aggregators compile and integrate data from various sources, including third parties. This distinction explains why the other statements don’t fit: aggregators typically do not create the raw data themselves; originators aren’t defined by sharing data, and they are not inherently the same as aggregators or limited to publishing aggregated data.