Financial Data Enrichment
More Meaningful Insights
Accurate, enriched data can unlock invaluable opportunities to grow your business and increase customer satisfaction. Envestnet | Yodlee Transaction Data Enrichment (TDE) provides categorized & simplified transaction data that is highly accurate and easy to use in order to improve the customer journey and digital experiences.
Data Enrichment Platform
Key Benefits
Envestnet | Yodlee’s data enrichment platform provides highly accurate and easy-to-use data, enabling you to drive insights, make smarter business decisions and improve customer engagement.
Clear and Accurate Data
Our data accurately identifies over 3MM unique merchants across the U.S., U.K., and Canada, so you can pull meaningful insights
Engaging and Easy to Use
Yodlee’s machine learning techniques clarify and contextualize financial data, making it easy to understand, for you and your users
Mitigate Risk
Transaction data enrichment decreases risk, ensuring companies are making informed decisions with the best data
Contextualized Data
Leveraged data to deliver personalized financial advice and increase accuracy of chatbots or voice-enabled assistants
Machine Learning
Algorithms provide the most accurate classifications, merchant identification, and easy-to-use transaction data
Clear Insights
Enriched data and insights enable you to accurately provide personalized financial advice and improve the customer experience
Delivering Transaction Clarity to Boost Revenue
Whitepaper
Envestnet | Yodlee translates confusing transaction data into clear, easy-to-read information. Financial institution customers receive a clear merchant name, date, and amount, as well as additional context.
Uncover the Meaning Behind the Transactions
Our Suite of Data Enrichment Products
Transaction Data Enrichment
Envestnet | Yodlee Transaction Data Enrichment changes the game by turning ambiguous transaction information into clear, contextualized data including merchant identification and categorization. This data enrichment tool allows financial institutions to extract deep insights into customer needs and behaviors and enabling them to improve the user experience and drive more informed decisions and meaningful interactions.
Asset Classification
With the Envestnet | Yodlee Asset Classification Service, investment assets are classified, cleansed, and formatted specifically for use by advisor tools and portfolio accounting systems to help you and your clients gain deeper insights.
Data Clarity
Transaction data is something that touches nearly every financial application, website, and mobile app. By presenting data points in a clear way, with categorization and context, your financial institution can dramatically improve the customer experience, reduce support costs, and gain the insight needed to deliver personal and pertinent product and services offers.
Reconciliation
With the Envestnet | Yodlee Reconciliation Service, aggregated investment data from both managed and non-managed accounts is made reconciliation-ready, and can easily be integrated into your performance reports and portfolio accounting systems to help you optimize the advice you provide and guide your clients toward financial wellness.
Security Normalization
Data enrichment and security normalization means you have fewer securities to manually identify and much better data quality to inform the reporting and modeling in the advising experience advisors provide to their clients.
What is Data Enrichment?
Data enrichment is the practice of incorporating third-party data in with proprietary data to identify and fill gaps, normalize the data and make it consistent. The provides a standard set of data that financial services companies can use and learn from. With Envestnet | Yodlee, you're getting the best, most accurate enriched data on the market, which meets the highest security standards.
Data enrichment is an essential, on-going practice for financial institutions and fintech companies because consumer lives are constantly in flux. What is true one week may not be true the next, and we're up to the task of giving you the real-time, dynamic data you need day in and day out.
Without enriched data, companies risk making bad decisions based on an incomplete picture. Presenting bad data not only leads to poor business decisions, but ultimately, customer attrition and decreased satisfaction.