Envestnet | Yodlee connects the digital financial dots
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 keep pace. Whether it is a financial institution or a fast-paced Internet company, fintech innovation fundamentally requires 3 critical elements: real-time data aggregation and intelligence, information security, and state-of-the-art FinApps. The Envestnet® | Yodlee® Financial Data Platform uniquely connects these critical digital financial dots and enables innovation across the entire spectrum of fintech including retail banking, small business banking, payments, lending, wealth management and more.
Data Aggregation and Intelligence
Today’s financial data is being generated on a massive scale. As the pioneer in data aggregation, Envestnet | Yodlee currently supports the depth and breadth of financial data by aggregating from more than 15,000 data sources—including more than 1,000 companies with more than 21 million registered users and hundreds of millions of transactions. The data network is gathered through close partnerships with major financial institutions, with 71% of the data collected through direct feeds. The data is then made more valuable to consumers by categorizing and enriching it with the merchant name and geo-location to create simple transaction descriptions that makes sense to the end user.
Envestnet | Yodlee Data Intelligence leverages the data to understand consumer behaviors, preferences, and profiles that help personalize financial applications, services, and advice. It can drive personalized and predictive user experiences, while continually engaging consumers to provide more information and offering actionable guidance that encourages them to move toward their financial goals.
As the leading provider of financial account and transaction data for over 16 years, Envestnet | Yodlee is a pioneer in bringing SaaS applications to the financial industry. As an FFIEC supervised Technology Service Provider, Envestnet | Yodlee adheres to, and in many cases exceeds, the security and risk management standards required to engage with consumers and their financial data. Envestnet | Yodlee has been addressing the questions and concerns of outsourced cloud computing for over a decade and is consistently recognized as having the strongest operational and security standards in the industry.
Envestnet | Yodlee is supervised by U.S. banking regulators and undergoes yearly audits from two independent organizations. Approximately 1,000 of our clients access the independent audits, 150 – 200 conduct formal audits, and 40 conduct onsite audits.
Innovative Financial Applications (FinApps)
Combining innovative technology, data analytics, and responsive design, Envestnet | Yodlee delivers personalized and intuitive financial applications (FinApps®). Leveraging the powerful Yodlee Financial Data Platform, our FinApps create unique and differentiated experiences for retail banking, small business banking, wealth advisory clients, and many more. With a flexible, adaptive design, financial institutions and Internet innovators alike can use our FinApps individually and/or combine them into an existing financial services app environment to revolutionize digital banking, personal finance, and money management offerings. Yodlee FinApps can be deployed seamlessly across multiple digital channels (desktop, tablet, and mobile) to increase user engagement and strengthen client loyalty.
With the Envestnet | Yodlee real-time data aggregation and intelligence, information security, and innovative FinApps, any financial provider can connect the digital financial dots and turn a massive breadth and depth of data into the intelligent and seamless apps and services today’s consumers expect, demand, and deserve.
Envestnet | Yodlee Connects the Digital Financial Dots
Whether it is a financial institution or a fast-paced Internet company, fintech innovation fundamentally requires 3 critical elements: real-time data aggregation and intelligence, information security, and state-of-the-art FinApps. The Envestnet® | Yodlee® Financial Data Platform uniquely connects these critical digital financial dots and enables innovation.