REDWOOD CITY, Calif., Jan. 20, 2016 (GLOBE NEWSWIRE) -- Envestnet | Yodlee (NYSE:ENV), a leading technology and applications platform powering dynamic, cloud-based innovation for digital financial services, today announced that it has partnered with QSuper, a leading Australian Superannuation Fund, to deliver an award winning personal finance solution. By using the Envestnet | Yodlee Personal Finance Application, QSuper is providing members with account aggregation and personal finance management tools to better manage their money and ensure better retirement outcomes.
QSuper’s partnership with Envestnet | Yodlee, was recently recognised when QSuper Money Map (powered by Envestnet | Yodlee) won the 2016 SuperRatings Best New Product award. QSuper Money Map allows its members to view all of their bank, credit, loan, investment, and superannuation accounts together in one portal. QSuper was also rated Fund of the Year for 2016 by SuperRatings, which is awarded to the fund that develops and launches the most innovative products or services, adding significant benefit or functionality for members1. Envestnet | Yodlee is building out data centres in Australia as it expands reach into the Australian financial market.
QSuper now reaches more than 540,000 members and has more than $60 billion in funds under management. QSuper has integrated the Envestnet | Yodlee personal financial management tools into its Member Online platform to launch Money Map, a hub that gives users new visibility into and control over their finances.
“As the financial tech industry continues to explode in Australia, it might as well be called the ‘Silicon Valley Down Under,’” said Bill Parsons, Chief Customer Officer from Envestnet | Yodlee. “Through our partnership, QSuper is now in a better position to improve the way its members handle their finances - allowing them to make better, smarter, and more informed financial decisions.”
“We want to continue driving better member retirement outcomes,” said Jodie Fielding, Head of Change and Experience at QSuper. “Partnering with Envestnet | Yodlee just made sense to us. As an industry leader in financial innovation and financial data aggregation, we’re proud to offer our members a secure and comprehensive way to manage their finances.”
The partnership provides QSuper members with Envestnet | Yodlee FastLink, where they are able to aggregate their accounts, a spending analysis, cash flow, their financial calendar, goals, and more, allowing members to easily manage their money and make better financial decisions. Envestnet | Yodlee’s cloud-based platform ensures bank level security for members, without the risk associated with providers that rely on the security of devices.
About Envestnet | Yodlee
Envestnet, Inc. (NYSE:ENV) is a leading provider of unified wealth management technology and services to investment advisors. Our open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance, and value. Envestnet solutions enable the transformation of wealth management into a transparent, independent, objective, and fully-aligned standard of care, and empower advisors to deliver better outcomes.
Envestnet | Yodlee 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 Envestnet | Yodlee platform to power personalized financial apps and services for millions of consumers. Envestnet | Yodlee solutions help transform the speed and delivery of financial innovation, improve digital customer experiences, and deepen customer engagement.
Envestnet | Yodlee is headquartered in Redwood City, CA with global offices in London and Bangalore. For more information, visit www.yodlee.com.
About QSuper Limited
QSuper is an Australian superannuation fund that has more than $60 billion in funds under management for over 540,000 members. QSuper Limited and QInvest Limited are owned by the QSuper Board of Trustees and is headquartered in Brisbane, Australia.
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