What is Financial Services Innovation? Digital financial innovation is a broad concept that includes advancements that change the way financial institutions and other financial services can better serve consumers through technological advancements. Generally, a new or emerging technology that comes along and disrupts a traditional way of doing things can be considered digital financial innovation. In the past some notable […]
What is Financial Security? There are two ways to define the term financial security. The first is to approach financial security in terms of the actual safety and security of any given transaction. This could relate to passwords and encryption used when conducting an online transaction and the resulting protection of sensitive information from prying eyes. In fact, it’s such […]
Envestnet | Yodlee platform enables financial services providers to build solutions that comply with PSD2 and Open Banking in the UK
How can we improve global financial innovation, consumer data protection, and data acquisition security for third party financial service providers? Supporting the Second Payment Services Directive (PSD2) and Open Banking launch on January 13, 2018, our team at Envestnet | Yodlee is excited to provide simple API integration and improve financial data security for UK financial institutions, fintech companies and […]
When we think of fintech innovation, we often think of our own home base in the San Francisco/Silicon Valley area. Or maybe New York and Boston. But there is plenty of innovation going on around the rest of the country, as evidenced by a recent hackathon we sponsored with Oracle in Charlotte, North Carolina. The Carolina Fintech Hub’s ‘Digital’ TopHack […]
When it comes to innovation in the fintech space, Envestnet | Yodlee has been a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services for over 17 years. We partner with over 1,000 financial institutions and fintech innovators, including 13 of the top 20 U.S. Banks, enabling a massive data network associated with tens […]
Consumers are stressing over their finances and financial future more than ever: How can they make more? How can they save more? How can they spend less? How can they save for retirement? There are literally thousands of financial service providers that can all help consumers improve their financial well-being, which makes it difficult to make the right choices. It’s […]
According to KPMG, investment in Australian fintech has grown from $53 million in 2012 to over $675 million in 2016. There were less than 100 fintech startups in 2014 and there are 579 companies as of August 2017. Ultimately, fintech is expected to add $1 billion (AUS) to the Australian economy by 2020. Audrey William, Head of Research, ICT Practice, […]
There’s a myth in Australia that young Millennials are not financially savvy, and that we tend to spend our money foolishly. This even made the global news in May when an Aussie millionaire real estate developer, Tim Gurner, said that Millennials absolutely won’t be able to own their home when “spending $30 a day on smashed avocados and coffees and […]
When it comes to traditional wealth advisers giving financial advice to clients, the cost is often too high and few people can afford the services. The problem lies in gathering the necessary data required in order to create custom solutions to suit an individual client’s needs.
Financial service providers – banks, wealth management advisors, and fintech startups – are embracing the application of Artificial Intelligence (AI) and machine learning throughout the industry. What’s notable is that these emerging technologies are gaining significant momentum and delivering unique value to consumers in financial services as well as other industries.
Monefly is an innovative new Fintech platform in Australia, focused on providing tools and resources that empower its members to grow income, reduce expenses, build assets, eliminate debt and protect themselves from risk. Some of these exciting tools include free property valuations, automated budgeting, credit scores, bank account consolidation and much more. Monefly aims to make financial health and wealth easier to understand, […]
In June 2017, U.S. Bank and Envestnet | Yodlee co-hosted a hackathon competition for internal developers from U.S. Bank to come up with new ideas surrounding retail banking and personal finance. The idea was to create “mashables” using U.S. Bank and Envestnet | Yodlee APIs to further help U.S. Bank and its customers.