What is transaction data enrichment and how can you leverage it to create exceptional customer experiences? The ability to access and analyze high-quality financial data is the future of financial services. Yet transaction data currently collected by financial institutions is often ambiguous and cluttered with letters, numbers, and symbols, making it difficult for consumers to recognize their transactions and for […]

It was an award winning night as Envestnet® | Yodlee® took home a Best of Show award at the FinovateFall 2017 conference in New York. The conference saw nearly 80 companies presenting and we were pleased to win for the demonstration of our vision for the Envestnet | Yodlee Artificial Intelligence FinCheck app. This app is part of our larger […]

The Office of the Comptroller of the Currency (OCC) last year announced to great fanfare – and some criticism – that it would pursue a path towards considering applications for special purpose federal banking charters from fintech companies involved in making loans, taking deposits, and/or clearing or cashing checks. The OCC’s proposal represented an effort by America’s lead national bank […]

Open Banking is the cornerstone of a new digital banking framework, which will increase consumer choice, enable innovation, and open up the sector to new players. As regulatory deadlines approach, greater challenges and opportunities are being created for both incumbent institutions, challengers and fintech innovators.

How do you know if a prospective borrower is a good risk or a bad one? What is an “acceptable” risk? How can you increase conversions, loan approvals, and profitability without increasing risk or defaults? Lenders need to make smart, informed decisions based on critical visibility into a borrower’s comprehensive financial picture, but lenders traditionally rely on credit reports and […]

Fueled by technological advancements as well as shifting demographics and consumer preferences for more personalized, intuitive user experiences, the financial services industry is more focused on digital innovation than at any other point in its history. The emergence of new and disruptive financial technology has been significant and is fueling the need for innovation by traditional financial institutions attempting to […]

How much should I save for retirement? How aggressively should I pay down my student debt? How much money should I have in savings?  Millions of consumers face these types of questions every day as they seek to gain control over their finances. As they work to right-size their financial lives, consumers often turn to trusted financial advisors, friends, and […]

Globalization and digitalization are leading to major changes within the European banking system, as the EU’s revised Directive on Payment Services (PSD2) require banks to open up their customers’ account data to newly regulated third party providers.

How can transaction data categories help financial app developers better understand user’s spending behavior and improve their financial wellness?

As Gen X and Y begin to accumulate more wealth—and inherit it—they are forcing financial institutions to radically rethink how they deliver services and evolve their digital wealth management offerings. How can financial institutions engage Gen X and Y prospects, who are generally more conservative and less trusting of financial advisors than their baby boomer parents?