AI TOOL PROFILE
Envestnet Yodlee: Financial Data Aggregation Platform
- Finance and Accounting
- Data Integration
- Financial Institutions
- Fintech Companies
- Banks
- Wealth Management Firms
- Lenders
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
At a glance
- Best for
- Financial Institutions, Fintech Companies, Banks, Wealth Management Firms, Lenders
- Key use cases
- Lending Decision Support, Wealth Management Visibility, Payment Onboarding, Personal Financial Management (PFM), SMB Financial Visibility
- Official website
- Visit envestnet yodlee official website
How AI is used
Envestnet Yodlee is a financial data platform designed to connect, enrich, and activate financial data. It serves as a bridge between consumer financial accounts and the institutions that use that data to provide personalized services.
The platform is built for financial institutions, including banks, wealth management firms, and fintech companies. It supports various workflows, including personal financial management tools, credit decisioning, and account verification.
By providing access to over 19,000 data sources, it helps organizations gain a view of a client's financial position. This data supports cash flow analytics, visibility into held-away assets, and identity verification.
Buyers should confirm how the platform's specific APIs and data feeds align with their existing technical infrastructure and compliance requirements.
Key Features
Account Aggregation
Connects consumer accounts from multiple financial data sources into a unified view.
Data Enrichment
Adds intelligence to transaction data to provide insights into spending and saving.
Cash Flow Analytics
Analyzes income, liquidity, and spending behaviors to help inform lending and credit decisions.
Account Verification
Supports the verification of bank account ownership and balances in real time.
Alternative Data
Provides non-traditional financial data to help assess creditworthiness for borrowers.
Open Finance APIs
Provides permissioned access to enriched financial data through APIs.
Use Cases
Lending Decision Support
Using cash flow and alternative data to assess creditworthiness and improve access for thin-file borrowers.
Wealth Management Visibility
Aggregating held-away assets to give advisors a view of a client's portfolio.
Payment Onboarding
Verifying account ownership and balances to reduce friction during asset funding and disbursement.
Personal Financial Management (PFM)
Providing consumers with insights into spending and saving habits to help them meet financial goals.
SMB Financial Visibility
Offering small business clients on-demand cash flow tracking and financial visibility.
FAQ
What does Envestnet Yodlee do?
- It aggregates financial data from various consumer accounts and enriches that data to provide analytics for financial institutions, lenders, and fintechs.
Who is Envestnet Yodlee designed for?
- The platform is designed for financial organizations, including retail banks, wealth management firms, lenders, and technology providers.
Can Yodlee help with lending decisions?
- Yes, it provides cash flow analytics and alternative data that may help lenders assess the creditworthiness of borrowers.
Source category: Finance & Accounting
Source subcategory: Data Integration
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