WHY ENVESTNET | YODLEE

 

Speed and Simplicity

Envestnet | Yodlee’s ongoing platform investment hides the cost and complexity of daily data aggregation to provide a unified view into heterogeneous bank data so you can get to market quickly and easily. Daily data updates and 24x7 operational monitoring give you peace of mind so you can focus on building innovative apps.

Easy Integration

A RESTful API architecture, secure access, simplified data model and FastLink integration make it simple to integrate with our APIs. To further improve developers’ time to market, Envestnet | Yodlee offers a rich testing environment with the ability to create sample data sets for any type of financial data (e.g., bank, card, loan, or wealth account) and mock up any Muti-Factor Authentication (MFA) log-in requirements, including security questions, CAPTCHA, token, and much more.

Industry Leading Depth and Breadth of Data

Envestnet | Yodlee provides comprehensive financial data across retail banking, credit, and wealth management, made possible through the massive scale of our data acquisition platform and extensive expertise in data cleansing and enrichment. With over 15,500 global data sources, hundreds of account types (including 401k holdings and investment options), and incredible richness of data, we help you build a holistic financial picture of your users and maximize the scope and number of clients that you can serve.


Innovative and Proven Data Platform

As a pioneer in financial data aggregation, the Envestnet | Yodlee has fueled innovation in online banking and financial data management for over 17 years and built the enterprise grade Financial Data Platform trusted by leading brands. Envestnet | Yodlee provides bank-level security, 79 issued patents, best-in-class data from over 15,500 global data sources, and formal agreements with leading financial institutions for responsible and secure management and exchange of data.

Transactional Data Enrichment

Envestnet | Yodlee Transaction Data Enrichment translates raw transaction data into clear, easy-to-read information. Consumers not only see a clear merchant name, date, and amount, they also get additional context—including a simple description of the transaction, transaction category, and geo-location. The clarified data can be used to understand a customer’s spending and saving habits, payment preferences, share of wallet spending, and even what financial services are best suited for that specific customer.

Bank-level Data Security

As an FFIEC (Federal Financial Institutions Examination Council) 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. Our key controls include central bastion hosts, multi-factor authentication, resilient and redundant infrastructure, AES 256 data encryption, and centralized security incident and event management. Learn more here.


Bank-level Compliance

Envestnet | Yodlee is supervised and examined by the OCC (Office of the Comptroller of the Currency) and all major banking regulators, and passes nearly 100 audits by financial institutions per year. Our risk programs meet not only their expectations, but also some of the most stringent security, privacy, and compliance standards in the world.

Streamlined Customer Onboarding

The complexity of supporting numerous bank authentication models and getting customers on-boarded easily and quickly can be overwhelming. Envestnet | Yodlee Fastlink provides a simple and effective way to onboard, permission, and authenticate your users and their accounts across thousands of financial institutions, minimize customer abandonment, and maximize market traction. Developers can also customize FastLink for an integrated look and feel.

User Permissioned Data for Reduced Risk

Consumer consent is the overarching enabler of any permissioned data system.Financial data acquired through user permission directly from the data source’s consumer-facing services is the best mechanism to ensure the authenticity and accuracy of the financial information today. Envestnet | Yodlee Financial Data Platform securely gathers such data globally, at scale, using credentials as well as emerging standards for consumer-authorized permission delegation.


FCRA Framework Support

Envestnet | Yodlee has implemented an FCRA-compliant framework so that consumer permissioned data can be used at any point in the lending process, while protecting both lenders and consumers. The FCRA-compliant framework supports explicit procedures for consumer disclosures and dispute handling, handling of permissible purpose disclosures and adherence to Adverse Action requirements.

Real-time Borrower Insights

Envestnet | Yodlee makes it possible for lenders to verify borrowers’ assets in a matter of seconds—direct from their depository accounts. Clean data, straight from the source, enables borrowers to provide financial details easily while simultaneously increasing lenders’ confidence, success rate and productivity.

Performance Reporting Data

The Envestnet | Yodlee Financial Data Platform includes reconciled investment and retirement data for performance reporting. With such powerful performance-ready data harnessing the power of SaaS-based reconciliation, data aggregation, and security normalization, advisors can easily integrate held away and non-traditional assets into their portfolio accounting systems for their quarterly performance reporting to investors.


Grow With Us

Powering global digital financial innovation and with global data access to over 15 countries and counting, Envestnet | Yodlee provides the data reach and platform security and scale to support your business as it grows, in your home country or abroad.

Consumption Based Billing

Easily grow your user base and business with Envestnet | Yodlee, without a heavy upfront financial commitment. A flexible, consumption-based billing model enables you to track and pay only for what you use so you can keep expenses in line with growth. Contact our sales teams for custom pricing for high volume API calls.