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Yodlee Interactive Now Powers Nearly 50 Leading Digital Innovators Specializing in Personal Wealth Management, Servicing Billions of Dollars in Assets

REDWOOD CITY, Calif., March 4, 2015 (GLOBE NEWSWIRE) -- Yodlee Interactive announced today that it now provides data APIs to nearly 50 financial technology applications and services in the personal wealth management space, which are helping individuals make more informed financial planning decisions. Yodlee Interactive is a unit of Yodlee (Nasdaq:YDLE) that provides secure financial data APIs to developers, entrepreneurs and Fortune 500 innovators worldwide. This milestone highlights the growing importance of digital wealth management tools that are delivering a more personalized experience, better insights, and actionable advice.

"Everyone has different personal financial goals, yet most individuals are unaware of the day-to-day steps they must take, and decisions they need to make, to get there," said Chris Chen, general manager of Yodlee Interactive North America. "Yodlee interactive makes it possible for consumers to safely and conveniently connect their financial data to third party applications that are helping these consumers achieve their financial goals."

The companies utilizing Yodlee Interactive's financial APIs in the personal wealth management sector include investment platforms as well as personalized financial portfolio planning, retirement planning, and much more. Some of the companies include:

  • FutureAdvisor offers investment management to more than 200,000 households nationwide, allowing individuals to make better investment decisions through the automated service's Personal Investment Plan.
  • FeeX analyzes investment account information to find hidden fees, helping its customers reduce costs and receive more money back for retirement, saving the average customer $19,000. FeeX currently has more than $2 billion in assets under protection.
  • LearnVest works to make financial planning accessible to people nationwide via the LearnVest Program. LearnVest helps clients tackle everything from budgeting and building an emergency fund to preparing for retirement and saving to buy a home.
  • NextCapital is a leading partner-based digital advice provider serving the 401(k) and retail marketplaces. NextCapital specializes in building scalable personalized financial plans and investment portfolios for retirement savers. NextCapital has more than 100,000 software clients, and analyzes more than $35 billion in client assets every day.
  • Personal Capital manages over $1 billion in investments for thousands of customers, allowing them to make smarter financial decisions regarding their financial health.

Yodlee Interactive customers in the personal wealth management sector are joined by hundreds of additional customers who leverage Yodlee's unique data APIs to create digital financial tools that consumers and small businesses need.

To learn more about implementing Yodlee Interactive's APIs to build next-generation digital financial apps and services, visit http://interactive.yodlee.com.

About Yodlee Interactive

Yodlee Interactive is a leading technology and applications platform powering dynamic, cloud-based innovation for digital financial services. Yodlee Interactive makes the Yodlee Platform available to digital services companies and developers via open and secure data APIs, to build next-generation financial apps and services. Today more than 300 companies, large and small, are powered by Yodlee Interactive APIs, accelerating FinDat innovation globally.

Yodlee and Yodlee Interactive (Nasdaq:YDLE) are headquartered in Redwood City, California. For more information, visit interactive.yodlee.com.

CONTACT: Media Contact VSC for Yodlee Interactive Abbie Havern abbie@vscpr.com 1-650-815-5050

Source:Yodlee