Technology partnership offers strengthened financial tools to wealth management and financial advisor firms – 90 percent of whom lack basic digital capabilities like account aggregation.
FinovateSpring, San Jose– April 29, 2014 – Yodlee, the leading platform for digital financial services, today announces a technology partnership with market data provider Xignite. The partnership gives users of Yodlee’s cloud-based financial platform increased access to industry-leading investment data, and offers vital solutions for the 90 percent1 of financial services providers lacking basic digital offerings.
Investors need accessible, engaging financial tools powered by comprehensive account and market data in order to put their wealth to work effectively. With more than half of all American smartphone users utilizing mobile banking, the ability to access tools and data across multiple digital channels is more important than ever. Xignite’s market data APIs – which offers investors information about everything from stocks, mutual funds and bonds to metals and foreign currency – gives users of Yodlee’s platform deeper insight into vital investment opportunities, and will integrate closely with Yodlee’s omnichannel wealth management and banking tools. Additionally, companies using Yodlee’s data platform, which include leading wealth management technology providers like LearnVest, PlanWise and FutureAdvisor, can use these enhanced data streams to deepen user engagement.
“Like many major financial institutions, wealth management providers need to offer robust, agile, digital offerings in order to keep up with investors’ changing needs,” Yodlee CEO Anil Arora said. “We’re excited to further strengthen Yodlee’s wealth management platforms with Xignite’s stellar market data.”
The partnership marks the latest of several recent expansions to Yodlee’s platform, which provides digital banking, financial data and account aggregation for nine of the top 15 American banks and more than 750 companies worldwide. The company recently announced partnerships with Xero and FeeX, and released Yodlee SmallBusiness, a suite of new small business-focused tools.
“We are excited to partner with Yodlee to enhance their financial services platform with Xignite market data,” said Stephane Dubois, Xignite CEO and Founder. “Yodlee has been setting the standard in personal financial management for many years, and combining our market data with Yodlee’s unique account information will help financial institutions and developers build more innovative apps and unique customer experiences than ever before.”
To learn more about Yoldee’s platform, please visit http://www.yodlee.com/financial-institutions/
Yodlee is a leading technology and applications platform powering dynamic, cloud-based innovation for digital financial services. More than 750 companies in over 10 countries, including 9 of the 15 largest U.S. banks and hundreds of Internet services companies, subscribe to the Yodlee platform to power personalized financial apps and services for millions of consumers. Yodlee solutions help transform the speed and delivery of financial innovation, improve digital customer experiences, and deepen customer engagement.
Yodlee is headquartered in Redwood City, CA with global offices in London and Bangalore. For more information, visit www.yodlee.com.
Xignite, Inc. is the leading provider of market data cloud solutions. Xignite makes sourcing and integrating real-time and reference market data into apps and devices easier and more cost-effective than any alternative. The Silicon Valley-based company is helping fuel FinTech innovation by powering web sites and apps for more than 1000 financial services, media, software and corporate clients, including FinTech standouts Betterment, Future Advisor, Personal Capital, SigFig, Wealthfront, Wealthminder and Yodlee. The company’s platform also powers private data distribution solutions for exchanges, market data vendors and financial institutions including NASDAQ OMX, NYSE Technologies, Direct Edge and SIX Financial Information. For more information, visit http://www.xignite.com.
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1Multiple Hands on the Wheel: Top 10 Wealth Management Technology Initiatives for 2012, presented at the 2013 Tower Group Financial Services Technology Conference