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Envestnet | Yodlee Partners with Limitless, the Leading API Marketplace and Technology Platform in South Africa

REDWOOD CITY, Calif., Feb. 16, 2016 (GLOBE NEWSWIRE) -- Envestnet | Yodlee (NYSE:ENV), a leading technology and applications platform powering dynamic, cloud-based innovation for digital financial services, today announced it has partnered with Limitless Technology, the API marketplace and technology platform enabling banks, credit providers and third party developers to create the next-generation of online financial services. Envestnet | Yodlee Aggregation API allows Limitless’s FinLayer to enable real-time data aggregation for financial enterprises.

Limitless’s RESTful API and FinLayer in conjunction with Envestnet | Yodlee Aggregation API creates digital fingerprints around customers’ financial data so banks and creditors can easily make pre-qualified decisions. This partnership with Limitless Technology expands Envestnet | Yodlee data aggregation services in South Africa.

“South Africa is an exciting new market for the financial technology industry and we are looking to build awareness for our services there,” said Jason O’Shaughnessy, SVP of International Markets and Managing Director, EMEA at Envestnet | Yodlee. “We have been partners with Limitless Technology since 2011 and we are excited to continue working together and expand our partnership in South Africa.”

“As we looked for a provider of data aggregation services, it became clear that Envestnet | Yodlee was the best partner for us,” said Zonja Terblanche, COO at Limitless Technology. “The Envestnet | Yodlee host of services including the new modern RESTful API, advanced data network and high-level of security are the main reasons we chose the company as our go-to partner.”

Limitless launched Moneysmart, South Africa’s first PFM (Personal Financial Management and Budgeting Tool) in 2011. The goal was to empower consumers by helping them manage their money better with a holistic view of finances, and learn ways to save and pay their debt off faster. Since then, Limitless has reengineered Moneysmart into a spend management application, a new free way to work, live and play with your money, and will re-launch in early 2016.

Limitless also started focusing on providing technology solutions to financial institutions and companies, in turn enabling them to offer better products and solutions to their customers powered by Envestnet | Yodlee Aggregation API.

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 Limitless Technology

Founded in 2010, Limitless Technology Group (or Limitless) is a financial tech company whose vision is to disrupt and reinvent the traditional global financial services landscape. This vision originated from the team’s ambition to open up rich financial data sources to the technology ecosystem for improved application and services development.

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

Source:Yodlee, Inc.