An Open Banking Platform
As an independent financial data aggregator with a diverse customer base composed of financial institutions, wealth management firms, FinTechs, and other innovators, Envestnet | Yodlee provides a trusted and secure open ecosystem by providing improved access to consumer-permissioned data.
Our open banking platform business model, collaborative industry launchpad, seamless client migration experience and trusted leadership in privacy equip innovators to deliver digital financial experiences that enable consumers to reliably and efficiently achieve financial wellness.
Our market-leading data aggregation, product vision, and execution roadmap1 allow us to deliver end-to-end value that steps beyond open banking to realize true open finance. By enabling access to financial data that goes beyond banking, such as insurance, investments, and wealth management, Envestnet | Yodlee’s platform helps companies deliver innovative embedded financial services that can help improve the financial lives of individuals.
Data-Fueled Open Banking Ecosystem
Envestnet | Yodlee open banking platform helps empower more clients to reach a larger number of consumers with greater impact.
As an independent data aggregator, Envestnet | Yodlee provides reliable access to more data, delivered at high throughput speeds so our clients can support a wide set of consumer and SMB use cases.
Seamless Customer Experience
The transparency, control, and flexibility consumers benefit from also positions companies to offer financial wellness solutions that can make a significant impact on the financial health of individuals.
Coverage & Reliability
Our long-term and established relationships with data providers can help reliably power your innovation needs.
We are committed to playing a leading role in advancing new and improved data access methods globally between financial instructions, data aggregators, application providers, and individuals.
Open Banking Solutions in the U.S.
Learn more about open banking solutions in the United States, and how this shift towards an improved connectivity paradigm will improve the user interface that millions of consumers rely upon to interact with their financial services and personal financial wellness providers.
Forrester Wave Open Banking Intermediary Leader
Envestnet has been named a leader in The Forrester Wave?: Open Banking Intermediaries, Q1 2023 report. Forrester, a leading global market research firm, performed an independent evaluation of 13 of the most significant open banking intermediary providers and assessed each across a set of evaluation criteria to help banking and financial services providers choose the best provider for their needs. In their report, Forrester notes that our absolute focus on data is evident in Envestnet’s platform, which supports both API and non-API data sources, as well as standards such as FDX, PSD2 and CDR.
The Envestnet | Yodlee Open Banking Difference
As a FinTech pioneer and open banking leader, Envestnet | Yodlee is recognized in the industry for easy-to-use, reliable, and compliant data access solutions. Here are some reasons why:
- Quality data with market-leading depth in data aggregation1
- Strategic approach with superior product vision and an intelligent execution roadmap1
- Open finance extending into the many aspects of digital finances in consumer’s’ lives
- Global presence supporting multiple countries as open banking momentum builds
- Data provider relationships with industry guidelines and best practices
- Data access agreements govern long term access to data providers’ open banking API's, supporting FDX in expanding the utility of a common data standard
- Data minimization principles for consumer-permissioned data
The Future of Connectivity
Data Access Agreements
Open banking represents the future of connectivity, and Envestnet | Yodlee is at the forefront of this evolutionary step in the state of consumer-permissioned data access. Our connectivity continues to expand. We continue to drive adoption of standardized open banking APIs and are committed to helping the financial community elevate open finance through consumer transparency, innovation, and consumer use cases that drive core business key performance indicators.
Envestnet | Yodlee has entered into data access agreements with many U.S. financial institutions that currently offer open banking connections, including those listed below. By migrating our access to these providers’ APIs, our customers can expect to receive access to consumer account information, at higher throughput speeds, with a more consistent consumer onboarding/authentication experience than traditional direct access. Keep checking back, as this list will update as new data agreements are added!
|Bank of America||Navy Federal Credit Union||MFG||BMO||DBS|
|Charles Schwab||Capital One||IPX Retirement||TIAA||Voya|
|Wells Fargo Bank||Edward Jones||Jack Henry & Associates||US Bank||Robinhood|
|Charles Schwab||Sunwest Bank||John Hancock||American Express||?|
Unlocking the Benefits of U.S. Open Banking
This developing open banking ecosystem of new and improved data access methods between financial institutions, data aggregators, application programming interfaces APIs providers, and consumers offers powerful benefits for those who are ready to take advantage of improved connectivity. Find out more about the evolution of open banking and the path for participating in this global movement.
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Get Started With Open Banking
Envestnet | Yodlee’s Open Banking infrastructure provides access to financial data through APIs to empower innovators focused on helping their customers realize an Intelligent Financial Life?.Get Started