With Envestnet | Yodlee Aggregation Platform, financial institutions can now request access to a single, comprehensive view of the data they need to build deeper client relationships
Participates as Salesforce Financial Services Cloud launch partner to transform the client-advisor experience
REDWOOD CITY, Calif., March 08, 2016 (GLOBE NEWSWIRE) -- Envestnet | Yodlee (NYSE:ENV), a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services, today announced it has launched the Envestnet | Yodlee Aggregation Platform on the Salesforce AppExchange, providing financial institutions with a single, comprehensive view of held-away financial data combined with CRM to holistically manage clients’ financial lives.
Envestnet | Yodlee’s Aggregation Platform will also extend the capabilities of Salesforce Financial Services Cloud with data and account aggregation tools. Salesforce Financial Services Cloud is generally available for purchase today, empowering financial advisors to build deeper and more productive 1-to-1 client relationships, be more productive, and engage more holistically with clients anywhere and on any device.
Built on the Salesforce App Cloud, the Envestnet | Yodlee Aggregation Platform is currently available on the AppExchange at www.appexchange.com.
Key Features: Envestnet | Yodlee Aggregation Platform for Salesforce Financial Services Cloud
Collects and connects user-permissioned, end-user account data from more than 14,000 sources — such as bank accounts and 401(k)s — to provide financial institutions with a holistic view of their client’s finances across accounts.
- Provides 360-degree view of clients’ financial accounts so financial institutions can now deliver smarter, more personalized engagements that lead to increased assets under management and improved regulatory compliance.
- Creates a centralized data hub for held-away accounts, to improve productivity plus data insights and address “Know Your Client” requirements.
Comments on the News
“Driven by the digital revolution, there is an enormous amount of pressure on financial institutions to ensure they’re providing their clients with the best tools and unparalleled access to financial data,” said Anil Arora, Chief Executive Officer of Envestnet | Yodlee and Vice Chairman of Envestnet. “By connecting Envestnet | Yodlee’s industry leading financial data aggregation solution with the Salesforce platform, financial institutions can move seamlessly between Envestnet | Yodlee and Salesforce, which creates a more streamlined process for advisors.”
"The future is here, and it is fueled by data-driven financial advice, not administrative tasks. Salesforce is transforming the advisor-client relationship for the digital age," said Simon Mulcahy, GM of Financial Services, Salesforce. "Envestnet | Yodlee is supporting Salesforce in its mission to deliver a new era through proactive, personalized and goal-based collaborative advice."
About Salesforce AppExchange
Salesforce AppExchange is the world’s leading enterprise apps marketplace that empowers companies to sell, service, market and engage in entirely new ways. With 3,000 partner apps and more than 3.5 million customer installs, it is the most comprehensive source of cloud, mobile, social, IoT and data science technologies for businesses.
About Salesforce Financial Services Cloud
Salesforce Financial Services Cloud is transforming the client-advisor relationship by empowering advisors to build deeper, 1-to-1 relationships with clients; enabling advisors to spend less time on administrative tasks and more time focusing on investors; and allowing advisors to engage more comprehensively with clients and their households.
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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 data aggregation and data analytics 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 improve the speed and delivery of financial innovation, improve digital customer experiences, and drive better outcomes for our clients and their customers.
Envestnet | Yodlee is headquartered in Redwood City, CA with global offices in London and Bangalore. For more information, visit www.yodlee.com.
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