Envestnet | Yodlee AI FinCheck App Wins Best of Show at FinovateFall 2017

Award Winning AI FinCheck App Leverages Artificial Intelligence Enabling Financial Institutions and Advisors to Provide Personalized and Actionable Insights for their Customers

NEW YORK, Sept. 13, 2017 /PRNewswire/ -- Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services, is pleased to announce that its demonstration of its vision for the Artificial Intelligence FinCheck app was awarded Best of Show honors at this week's FinovateFall 2017 conference in New York, out of 80 companies presenting at this event.

Envestnet | Yodlee showcased its award winning vision for its Artificial Intelligence (AI) FinCheck app, a key offering of its Personal Financial Wellness solution. This new application will help financial institutions and wealth management firms derive actionable insights from their customer's financial data in order to help these individuals measure, guide and improve their financial health. Through a series of financial health indicators, the Envestnet | Yodlee AI FinCheck app tracks your customer's finances across 4 categories to give them a holistic view of how they are doing - across the planning, spending, saving, and borrowing categories. 

"Using the best and most comprehensive financial data combined with our unmatched expertise in artificial intelligence and machine learning, we have enabled our customers and partners to deliver more meaningful and actionable services to their clients," said Anil Arora, Chief Executive of Envestnet | Yodlee and Vice Chairman of Envestnet Board. "The Best of Show win at FinovateFall 2017 reinforces Envestnet | Yodlee's pioneering innovation capabilities and is another example of how we are continuously helping the financial services industry to improve consumers' financial health and wellness."

Leveraging Envestnet | Yodlee's massive data network consisting of billions of transactions from millions of consumers, and our predictive analytics capabilities, the AI FinCheck app compares customers to their relevant peer group in order to deliver a scoring model with specific recommendations that are personalized for each user. Financial health scores change as consumers' behavior changes, giving financial institutions and advisors the up-to-date information they need to measure, guide, and improve consumers' financial health.

For more information on our award winning AI FinCheck app, please visit yodlee.com/fincheck.

About Envestnet

Envestnet, Inc. (NYSE: ENV) is the leading provider of intelligent systems for wealth management and financial wellness. Envestnet's unified technology enhances advisor productivity and strengthens the wealth management process. Envestnet empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.

Envestnet enables financial advisors to better manage client outcomes and strengthen their practices. Institutional-quality research and advanced portfolio solutions are provided through Envestnet | PMC, our Portfolio Management Consultants group. Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software for advisors. Envestnet | Retirement Solutions provides an integrated platform that combines leading practice management technology, research, data aggregation and fiduciary managed account solutions.

More than 57,000 advisors and 2,900 companies including: 16 of the 20 largest U.S. banks, 39 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services companies, leverage Envestnet technology and services. Envestnet solutions enhance knowledge of the client, accelerate client on-boarding, improve client digital experiences, and help drive better outcomes for enterprises, advisors, and their clients.

For more information on Envestnet, please visit www.envestnet.com and follow @ENVintel.

SOURCE Envestnet | Yodlee