Envestnet | Yodlee Demonstrates the Artificial Intelligence FinCheck App for Personal Financial Wellness at FinovateFall

New vision for a truly AI-driven financial health check enables financial institutions and advisors to guide their customers using actionable insights for improving financial health

NEW YORK, Sept. 12, 2017 /PRNewswire/ -- Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services, is demonstrating its vision of the Artificial Intelligence (AI) FinCheck app at FinovateFall in New York City. A key offering of the Envestnet | Yodlee Personal Financial Wellness Solution, the AI FinCheck app will help financial institutions and wealth management firms derive actionable insights from their customer's financial data in order to help these individuals measure, guide and improve their financial health.


The Envestnet | Yodlee AI FinCheck app provides specific, personalized insights that are dynamically and continuously updated for each user. Through a series of financial health indicators, the Envestnet | Yodlee AI FinCheck app tracks your customer's finances across 4 categories to give them a holistic view of how they are doing - across spending, saving, borrowing, and planning categories. Financial institutions and advisors will also benefit from a holistic view into their customer's financial health, allowing these firms to offer highly customized recommendations and tools that help to improve their customer's financial wellness, including peer benchmarks from similar customer segments.

"Successful providers of financial wellness solutions understand that their biggest competitive advantage – and the key to retaining customers – is having an intimate understanding of clients' financial wellness," said Katy Gibson, Vice President of Product Applications at Envestnet | Yodlee. "With improved data aggregation, artificial intelligence models, and predictive analytics, we're able to arm financial institutions and advisors with smarter, more personalized financial wellness solutions that deliver the actionable guidance needed – ultimately leading to increased customer engagement and profitability."

"Envestnet | Yodlee's Financial Wellness Solutions are developed in line with the Center for Financial Services Innovation (CFSI) industry-standard Financial Health Indicators in the areas of spending, borrowing, saving and planning," said John Thompson, Senior Vice President at CFSI. "We believe that finance can be a force for good in people's lives and are excited that Envestnet | Yodlee has adopted our framework to help shift the financial services industry towards improving consumer financial health."

For more information on the Envestnet | Yodlee Personal Financial Wellness Solution and its vision for the AI FinCheck app, please visit yodlee.com/fincheck.

About Envestnet

Envestnet, Inc. (NYSE: ENV) is the leading provider of intelligent systems for wealth management and financial wellness. Envestnet's unified technology enhances advisor productivity and strengthens the wealth management process. Envestnet empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.

Envestnet enables financial advisors to better manage client outcomes and strengthen their practices. Institutional-quality research and advanced portfolio solutions are provided through Envestnet | PMC, our Portfolio Management Consultants group. Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software for advisors. Envestnet | Retirement Solutions provides an integrated platform that combines leading practice management technology, research, data aggregation and fiduciary managed account solutions.

More than 57,000 advisors and 2,900 companies including: 16 of the 20 largest U.S. banks, 39 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services companies, leverage Envestnet technology and services. Envestnet solutions enhance knowledge of the client, accelerate client on-boarding, improve client digital experiences, and help drive better outcomes for enterprises, advisors, and their clients.

For more information on Envestnet, please visit www.envestnet.com and follow @ENVintel.


SOURCE Envestnet | Yodlee