Envestnet | Yodlee Transaction Data Enrichment
Clean & Accurate Transaction Data
Envestnet | Yodlee Transaction Data Enrichment turns ambiguous transaction information into clear, easy-to-use contextualised data, allowing financial institutions to extract deep insights into customer needs and behaviors while enabling them to improve the customer journey and drive more meaningful interactions.
Uncover the Meaning Behind Transactional Data
Consumer transactions are the most insightful data that institutions can harness to learn about their customers, and Envestnet | Yodlee makes it easier to understand.
Data science algorithms provide the most accurate classifications and clear, concise, easy-to-use transaction data
Offer Personalised Finance
Utilize data insights to craft offers, increase engagement, drive conversion, and provide impactful financial wellness solutions
Transaction Data Analysis
Leverage clean data to deliver custom data-driven financial advice while driving down costs in call centres and service organisations
Accurate Share of Wallet
Gain rich insights into customer share of wallet and spending behaviour
Clarified Transactions Categories
Our transaction service clarifies unidentifiable purchases to decrease support and fraud research costs
Open Banking Provider
As an Accredited Data Recipient and Intermediary under Australia’s Consumer Data Right (CDR), we offer trusted access to data per CDR and open banking requirements
Transaction Data Enrichment Video
Sort, Enhance, & Normalise Data
Transaction Data Enrichment turns ambiguous transaction information into clear, contextualised data using sophisticated artificial intelligence and machine learning to achieve industry-leading accuracy across a wide range of account and transaction types.
The power pf personalisation
Leading the Industry in Data Enrichment
As the leading aggregation platform that owns the aggregation process from acquisition to delivery, Envestnet | Yodlee’s aggregation process incorporates over 17,000 data sources and touches over 22 million active users.
Most Comprehensive Data Coverage
The unique combination of breadth and depth provides Envestnet | Yodlee with the largest, most comprehensive data coverage in the industry. When paired with our sophisticated machine learning techniques, the result is a highly enriched set of digitised transactions which leads the industry in transaction categorisation accuracy.
Clear Merchant Transaction Data With Context
With Envestnet | Yodlee Transaction Data Enrichment, consumers not only see a clear merchant name, date, and amount, but they also get additional context—including a simple description of the transaction and category. The information is categorised and contextualised based on the learnings from billions of transactions contained in the Envestnet | Yodlee Financial Data Platform.
Yodlee Transaction Enrichment is available through Envestnet | Yodlee’s fully hosted FinApps series and API.
Adding Value with Transaction Categorisation
Financial data, when categorised, provides deep consumer insights into spending behavior and enables the delivery of targeted offers and services. Financial service providers use transaction categorisation to offer a more customised and engaging online banking experience and deliver personalised financial advice. Lenders use the data to better understand customers who’ve been previously defined as high risk and identify potentially fraudulent behavior. Categorised transaction data is also invaluable for FinTechs building innovative apps and solutions that help consumers manage their money, increase financial wellbeing, and more.