REDWOOD CITY, Calif., Nov. 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 Edentiti, the market-leader in Australia for online identity verification. The partnership will empower Edentiti's greenID platform with Yodlee Interactive's robust financial APIs, allowing consumer bank statements to be analyzed during an identity check, making the process even more efficient and accurate.
Yodlee Interactive APIs provide Edentiti with Yodlee's industry leading aggregation and account verification services as well as access to FastLink, enhancing the user experience by helping the user quickly link external bank accounts. Edentiti customers will now be able to perform more affordable background checks when applying for loans.
The Edentiti greenID platform is a secure, privacy-compliant service used by major banks, credit unions, brokers, online gaming companies, and government agencies to verify the identities of millions of people. As the market leader in Australia and New Zealand, greenID's self-verification process allows Edentiti clients to be more efficient and more cost effective by reducing the need of a third-party.
GreenID enables clients to rapidly and efficiently onboard new customers in real-time in an online or mobile environment, and to verify their identities against a comprehensive set of global data sources to meet regulatory obligations. GreenID is trusted and assists obligated entities to meet their government compliance standards, meeting KYC (Know Your Customer), AML (Anti-Money Laundering), and CTF (Counter-Terrorism Funding) standards, providing a secure and complete verification system.
"Edentiti is the recognized market leader for electronic verification, with a global reach of more than 12 million people," said Jason O'Shaughnessy, VP of International at Yodlee Interactive. "We are proud to be able to strengthen the greenID platform with our APIs and empower Edentiti customers by removing barriers to better manage their money and make smarter financial decisions."
"We are excited to partner with the established leader in financial innovation," said James Smith, CEO at Edentiti. "As we continue to rapidly expand our global presence, Yodlee became the obvious choice. One of the key factors for choosing to partner with Yodlee was its ability to provide a platform that meets the highest industry standards. Yodlee's cloud-based approach removes the risk associated with other vendors that rely on the user's device for security."
Yodlee (Nasdaq:YDLE) is a leading technology and applications platform powering dynamic, cloud-based innovation for digital financial services. More than 950 companies, including 12 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 Edentiti/Vix Verify
Edentiti is a software company that specializes in online verification, with offices in Sydney, Canberra, Melbourne and Wellington. Internationally, Edentiti is part of Vix Verify, a global organization taking leading identity verification solutions to the world.
Vix Verify is a global leader in online identity verification providing businesses with their award winning greenID platform to provide frictionless customer onboarding, to develop trusted digital identities and to comply with regulatory standards.
CONTACT: Media Contact VSC for Yodlee Interactive Abbie Havern firstname.lastname@example.org 1-650-815-5050