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Yodlee Partners With Tangerine to Bring Innovative Bill Pay Account Switching Solution to Canada's Leading Direct Bank

Yodlee APIs enable an effortless switch from a current online bill pay provider to Tangerine, helping to deliver a seamless customer experience

REDWOOD CITY, Calif., Sept. 16, 2015 (GLOBE NEWSWIRE) -- Yodlee (Nasdaq:YDLE), the leading cloud-based financial platform powering dynamic innovation in digital financial services, today announced a strategic partnership with Tangerine, Canada's leading direct bank. This partnership will provide Canadians with a solution to help them easily switch their monthly bill payment setup to Tangerine and begin paying them electronically.

Two major hurdles to opening an account at a new financial institution are the tedious process of funds transfer to a new bank and re-establishing online bill payment.

"It is essential to us that we provide the most innovative and cutting-edge digital banking services to our customers and make it as easy as possible for them to manage their accounts from wherever they may be," said Nicole Wells, Vice President, Chequing and Retail Lending at Tangerine. "Through this partnership, the Yodlee Platform enables our clients to immediately set up funds transfer and easily switch their bill pay provider to Tangerine."

"The digital financial landscape is ever-changing and banks are seeing exponentially more engagement through innovative banking solutions," says Bill Parsons, Chief Customer Officer at Yodlee. "The partnership with Tangerine marks another step by Yodlee to bring exciting and value-creating solutions into the Canadian market, and it allows Tangerine to deliver a great customer experience and a superior onboarding process to new customers."

To learn more about implementing Yodlee's technology and services to build next-generation financial apps and services, visit www.yodlee.com.

About Yodlee®

Yodlee (Nasdaq:YDLE) is a leading technology and applications platform powering dynamic, cloud-based innovation for digital financial services. More than 900 companies, including 11 of the 20 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.

About Tangerine

Tangerine is a direct bank that delivers simplified everyday banking to Canadians. With more than 1.9 million clients and close to $38 billion in total assets, we are Canada's leading direct bank. Tangerine offers banking that is flexible and accessible, products and services that are innovative, fair fees, and award-winning client service. From no-fee daily chequing and high-interest savings accounts, GICs, RSPs, TFSAs, mortgages and mutual funds, Tangerine has the everyday banking products Canadians need. With over 1,000 employees in Canada, our presence extends beyond our website and Mobile Banking app to our Café locations, Pop-Up locations and 24/7 Contact Centres. Tangerine was launched as ING DIRECT Canada in 1997. In 2012 it was acquired by Scotiabank, and operates independently as a wholly-owned subsidiary.

Tangerine is headquartered in Toronto, Ontario. For more information, visit tangerine.ca

CONTACT: Media Contact VSC for Yodlee James Christopherson james@vscpr.com (415) 677-9125

Source:Yodlee