Tandem

Take the Complexity Out of Managing Shared Finances

Money is often cited as the most difficult topic to discuss. But with Tandem from Envestnet® | Yodlee®, you can make it easy for your customers to discuss their finances and take financial action.

With the Tandem app, family members and others have a convenient, safe, and secure place to manage and discuss finances and work together to meet shared goals. A user simply selects which accounts to share and invites others to join a secure circle, and within minutes users can monitor transactions, request payments, upload receipts or docs, view portfolio performance, and more. Varying levels of account access can be assigned to each user, based on their role in the financial circle.

Common Use Cases

  • Adult children managing their aging parents’ finances
  • Separated parents contributing to shared expenses for their children
  • Multi-generational family members contributing to a child’s college savings
  • Head of household sharing financial information with household members
  • Financial advisors collaborating with their clients
  • Bank loan officer managing loan process for clients
  • Family member or friend teaching a young person how to invest

Tandem can easily be integrated into your existing banking platform to increase customer engagement and retention, create new revenue streams, and help you learn more about your customers’ financial needs.

In keeping with Envestnet | Yodlee’s commitment to consumers’ financial empowerment, all aspects of Tandem protect consumers’ financial information. Tandem uses bank-level security and encryption technology, incorporating the proven safety and reliability of Envestnet | Yodlee’s powerful data Aggregation API.

Key Benefits

  • Easily integrated into existing banking platform
  • White labeled, customizable app that provides a unique and engaging experience
  • Facilitates communication in the context of transactions or accounts
  • Financial advisors collaborating with their clients
  • Bank loan officer managing loan process for clients
  • Family member or friend teaching a young person how to invest