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Yodlee Partners With FinTech Sandbox to Bring Its Advanced Data Network to Next Generation Financial Startups

REDWOOD CITY, Calif., March 26, 2015 (GLOBE NEWSWIRE) -- Yodlee (Nasdaq:YDLE), the cloud-based platform driving innovation in digital financial services, today announced that it will be the newest data partner at FinTech Sandbox, a non-profit focused on promoting financial technology innovation. Through this partnership, startups in FinTech Sandbox's program will be granted access to Yodlee's robust data network and APIs to aid them in innovating the next great financial startup.

The FinTech Sandbox is being formally launched on March 26 at 6pm at the District Hall in Boston, MA. With hundreds of start-ups expected to attend, this is sure to be a FinTech rockstar event.

"This is an outstanding time to be involved in FinTech, and we are thrilled to be a part of the FinTech Sandbox's exceptional program," said Christine Loredo, Vice President of Program and Partnerships at Yodlee. "We are passionate about enabling secure access to the richest set of financial data to empower and inspire others to create the apps and services we will all be using soon. We can't wait to see what comes next."

Yodlee's extensive data network powers some of the most successful financial apps on the market. This partnership with FinTech Sandbox will allow Yodlee to expand its effort to fuel the Internet innovators of the future. In addition to the multiple accelerator partnerships the company has built, Yodlee has launched its own incubator and is currently working with 8 companies with unique use cases solving current pain points. Incubator Demo Day is planned for May 27th in Palo Alto, CA.

FinTech Sandbox provides free access to financial data and infrastructure to up-and-coming startups. Their six-month program includes:

  • A robust set of data feeds and APIs from a wide array of data partners
  • Cloud hosting from industry-leading infrastructure partners
  • Membership in a vibrant, global FinTech community
  • Some limited space for co-working and events

"We are thrilled to bring Yodlee on as a data partner because of their expansive knowledge and expertise in secure data accessibility via a robust set of APIs," said Jean Donnelly, Executive Director at FinTech Sandbox. "Access to Yodlee's Aggregation and IAV APIs will be a boon to startups working with consumer banking data. We know this will give our startups a valuable resource in their quest to create the future of financial innovation."

For more information about Yodlee or FinTech Sandbox please visit www.yodlee.com or http://fintechsandbox.org/

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 350 companies, large and small, are powered by Yodlee Interactive APIs, accelerating FinDat innovation globally.

Yodlee and Yodlee Interactive are headquartered in Redwood City, California. For more information, visit interactive.yodlee.com.

About FinTech Sandbox

FinTech Sandbox is a Boston-based non-profit founded to promote financial technology innovation globally by providing free access to critical data and resources to FinTech entrepreneurs and start-ups. Sponsors include Fidelity Investments, Devonshire Investors, Thomson Reuters, Silicon Valley Bank, Amazon Web Services, Intel, SIX Financial Information, Goodwin Procter and .406 Ventures. For more information, please visit www.fintechsandbox.org.

CONTACT: Kaitlyn Garcia kaitlyn@vscpr.com

Source:Yodlee