Blog: Best Practices

Best Practices

  • 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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  • Envestnet | Yodlee Updates Transaction Categories to Improve Spending Insights

    By on December 15, 2016

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

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  • How Can Banks Better Engage Gen X and Y Investors?

    By on December 13, 2016

    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?

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  • The Financial Conduct Authority Guide Helps to Protect Your Business from Financial Crime

    By on December 11, 2016

    The Financial Conduct Authority (FCA) recently published Consumer Credit: Protecting Your Business From Financial Crime.  The booklet is primarily for consumer credit firms regulated by the FCA to provide guidelines for Know Your Customer (KYC) practices to reduce the risk of financial crimes.  

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