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 […]
How does financial data enable innovation in a collaborative ecosystem? In the FinTech community, more than 500 FinTech companies and 550 financial institutions leverage the Envestnet® | Yodlee® Financial Data Platform to power their applications – including retail banking, small business banking, payments, lending, wealth management and more – which ultimately helps consumers improve their financial well-being.
We’re excited to be an “Ally” with Citi during their Citi Tech for Integrity Challenge (T4I), an open innovation competition that asks corporate teams and small businesses to find innovative solutions that promote integrity, accountability, and transparency in the public sector. T4I is not only targeting companies in the “Govtech” space, but also companies in financial transactions, cyber security, big […]
The online lending industry is completely transforming the offline lending industry. From turning offline loan applications to digital applications, all the way to using banking data to better include the underbanked and verify assets, the lending process is becoming more streamlined, with less friction and more comprehensive data.
Since 2015, open API initiatives have gained increasing traction in the EU and retail banking is on the verge of unprecedented change. The Second Payment Services Directive (PSD2) is a significant evolution of existing regulation for the payments industry, which requires banks to open up their customers’ account data to newly regulated third party providers.
Are you a banking executive looking to increase online customer acquisition? Providing a seamless customer experience and easy account opening process are key to acquiring new customers, reducing customer friction, and ultimately increasing revenue.
As a leading data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services, Envestnet® | Yodlee® is always eager to support the FinTech community to foster innovation across the ecosystem. That’s why we’re proud to support Empire Startups and their monthly gatherings and conferences in New York City and San Francisco, as well as their upcoming FinTech […]
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?
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.
When it comes to the fintech world, bots have already found their way into a few basic functions with apps and some forward-thinking financial institutions, but they have a lot more potential. They can help your customers with basic information and tasks, such as opening an account, making mortgage payments, and even finding an ATM.
Envestnet® | Yodlee® recently exhibited at the inaugural Singapore Fintech Festival that was organized by the Monetary Authority of Singapore and the Association of Banks in Singapore. Aimed at the global fintech community, the event had over 11,000 attendees including startups, technology companies, investors, financial institutions, research institutions and innovators.