A New Era of Access to Financial Data
An Open Banking Platform
As an independent financial data aggregator with a diverse customer base composed of financial institutions, wealth management firms, FinTechs, and other innovators, Envestnet® | Yodlee® provides a trusted and secure open ecosystem by providing improved access to consumer-permissioned data. New regulations, like those implementing Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, will dramatically change the way consumers, financial institutions and fintechs interact with financial data.
Our open banking platform business model, collaborative industry launchpad, seamless client migration experience and trusted leadership equip innovators to deliver digital financial experiences that enable consumers to reliably and efficiently achieve financial wellness.
Our market-leading data aggregation, product vision, and execution roadmap allow us to deliver end-to-end value that steps beyond open banking to realize true open finance. By enabling access to financial data that goes beyond banking, such as insurance, investments, and wealth management, Envestnet | Yodlee’s platform helps companies deliver innovative embedded financial services that can help improve the financial lives of individuals.
The Consumer Financial Protection Bureau (CFPB) was established by the Dodd-Frank Act to promote transparency and accountability between financial institutions and consumers. The CFPB 1033 proposed rulemaking reinforces consumers’ power to access their own personal financial data and share it with third parties.
Envestnet | Yodlee is at the forefront of consumer-permissioned data sharing. Our connectivity continues to expand. We continue to drive adoption of standardized open banking APIs and are committed to helping the financial community elevate open finance through consumer transparency, innovation, and consumer use cases that drive core business key performance indicators.
Key Resources
Jean-Paul LaClair of FDX on Open Finance
Join us as Jean-Paul LaClair, Senior Director at Financial Data Exchange, discusses advancing open finance. Explore gaps in traditional lending, benefits for consumers, security concerns, and how to unite financial players for a more inclusive ecosystem.
The Future of Personal Financial Management
Discover how advanced Personal Financial Management (PFM) tools are shaping the future of financial wellness. Learn about personalized insights, automation trends, and the impact of data analytics on empowering consumers for a better financial journey.
Section 1033 Compliant
Yodlee’s open APIs help empower financial institutions to meet the data-sharing consent requirements outlined in the CFPB’s Section 1033 proposed rulemaking. Learn more about the Section 1033 Rule here.
As an open banking leader, Envestnet | Yodlee is recognized in the industry for easy-to-use and reliable data access solutions.
- Quality data with market-leading depth in data aggregation
- Strategic approach with superior product vision and an intelligent execution roadmap
- Open finance extending into the many aspects of digital finances in consumer’s’ lives
- Global presence supporting multiple countries as open banking momentum builds
- Data provider relationships with industry guidelines and best practices
- Consumer-permissioned data sharing that complies with CFPB Section 1033 rules
Envestnet has been named a leader in The Forrester Wave™: Open Banking Intermediaries, Q1 2023 report. Forrester, a leading global market research firm, performed an independent evaluation of 13 of the most significant open banking intermediary providers and assessed each across a set of evaluation criteria to help banking and financial services providers choose the best provider for their needs. In their report, Forrester notes that our absolute focus on data is evident in Envestnet’s platform, which supports both API and non-API data sources, open banking standards such as FDX, PSD2 and CDR.
