Last week, we announced a promising new data-sharing agreement with JPMorgan Chase, providing a framework for the bank’s customers to more securely and effectively manage their financial wellness. We’re excited for the ways in which this new partnership benefits our customer base – the developers, wealth managers, and financial service providers who are hard at work, creating cutting-edge experiences for the next generation of financial wellness tools. We here at Envestnet | Yodlee are beyond thrilled to team up with Chase on this initiative. All signs are pointing toward API-based connectivit ..read more

As part of the deal, Chase customers can share their financial information with more than 1,200 third-party apps. Envestnet | Yodlee is working on more deals with major FIs. JPMorgan Chase and Envestnet | Yodlee have signed a data sharing agreement providing a framework for the bank’s customers to share and use their personal financial information to make better informed financial decisions. What’s happening: As a result of this agreement, millions of Chase customers will be able to send their financial information to more than 1200 third-party apps on the Envestnet | Yodlee platform. The cor ..read more

The new APIs will make creating hyper-personalized financial wellness tools much easier At Envestnet | Yodlee we’ve spent the last 20 years making it possible for financial service providers and fintechs to make comprehensive and helpful tools for personal finance and wealth management. We wrote a few weeks back about an increased focus on individualized insights and recommendations in the consumer space. The demand for those same types of insights has shown itself to be the same in financial decision making Last week, at Money 20/20 in Las Vegas, we introduced our new intelligent APIs and enh ..read more

The last decade has brought about countless technological disruptions that have changed the way we think about and manage our financial lives. Through it all, Millennials and Generation Z have been able to ride the wave and absorb change as it happens, incorporating many of these new tech solutions into their own lives. While much has evolved in the consumer retail and messaging app space, tech savvy consumers also expect their financial service providers to embrace and lead in these disruptions as well. No longer satisfied with a one-size-fits-all approach (that never really fit everyone anyw ..read more

Australia’s Consumer Data Right is a landmark legislation that reconfirms that citizens have the right to access, use and correct the information their institutions have about them, as well as putting requirements on those institutions to safeguard that information.  Open Banking is the first implementation of the CDR and will, if done thoughtfully, greatly improve the financial wellness of Australia’s consumers by bringing further innovative products and services to the market providing highly personalized services for wellness, responsible lending and professional advice. At Yodlee, we know ..read more

In a recent financial wellness survey of American adults, 58% of respondents said they did not have the financial freedom to enjoy life. 48% said they were living paycheck to paycheck. Less than half said they were confident in their ability to absorb an unforeseen financial emergency. Needless to say, Americans have room to grow when it comes to financial wellness. And banks can help. By enriching a consumer’s transaction data, banks can demystify data, making it easier for consumers to understand their own spending and saving patterns. But transaction information is often highly abbreviated ..read more

The early stages of a startup are often the most exciting for new entrepreneurs. The anticipation, passion, and desire to create something meaningful drive the majority of entrepreneurs. And as exciting as these early stages are, they are also the most critical. In fact, of all the small businesses that launched in the U.S. in 2014, less than half were still standing in 2018—a frightening statistic. While there are various reasons why businesses fail, “poor marketing” falls squarely in the middle of the top 10. It’s no surprise then, how critical it is for startups to have a thoughtfully desig ..read more

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Temenos, formerly known as Avoka, has long recognized what customers care about. As the world leader in banking software for financial institutions, Temenos knows that opening an online account can be a deal-breaker for even the most digitally-savvy customers if the process is difficult or time-consuming. That’s why Temenos has partnered with Envestnet | Yodlee to help financial service providers simplify account opening and reduce customer abandonment. As a valued channel partner, Temenos resells the Envestnet | Yodlee Account Verification solution on their Avoka Exchange. With Envestnet | Yo ..read more

Where once banks and credit unions routinely left technology to specialists, the subject now has become elevated to the highest-ranking issue impacting retail banking. Research by The Economist Intelligence Unit (EIU) for Temenos finds that coping with new technology is the top concern of retail bankers, ahead of changing consumer behavior, political and economic instability and dealing with bad loans, among other factors. No institution can afford to ignore the combination of new competition from fintechs and big technology companies, multiple new technologies, and soaring consumer expectatio ..read more