Blog: Best Practices

Best Practices

  • Envestnet | Yodlee, Quovo and Morningstar ByAllAccounts: Statement of Joint Principles for Ensuring Consumer Access to Financial Data

    By on May 11, 2018

    Current State: Several industry working groups have been established recently to develop standards for data access in the financial services ecosystem. Through our participation in many of these forums, we are concerned that the interests of consumers are not being adequately prioritized. In particular, data access standards must recognize consumers’ needs to access and use their data for applications that […]

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  • Envestnet | Yodlee Provides Developers with Easier Integration to Access the Most Comprehensive and Accurate Financial Data

    By on May 3, 2018

    How can financial institutions and fintech developers leverage real-time financial data to enable a wide variety of use cases for all lines of business – from retail, to wealth, to lending? The Envestnet | Yodlee Financial Data Platform now provides easy access to deep user-permissioned data via a single, unified API. All of this is made possible through the strengths […]

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  • Envestnet | Yodlee Updates Transaction Data Enrichment to Improve Customer Communication

    By on March 16, 2018

    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 […]

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  • Envestnet | Yodlee Takes Home FinovateFall 2017 ‘Best of Show’ Award

    By on September 17, 2017

    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 […]

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  • OCC Seeks to Make Banks Fintech Enforcers

    By on July 6, 2017

    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 […]

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  • The Benefits of Fostering Open APIs and Data Access

    By on May 30, 2017

    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.

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  • Grow Lending Without Growing Risk

    By on April 18, 2017

    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 […]

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  • Envestnet | Yodlee Powers Global Financial Innovation with Leading Patented Technology

    By on March 21, 2017

    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 […]

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  • The Democratization of data: Protecting consumer rights in the battle over data access

    By on March 20, 2017

    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 […]

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  • How to Increase Customer Value Through Open API Initiatives

    By on January 12, 2017

    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.

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