back Back

Envestnet | Yodlee and Financial Dots team up to boost open banking services in the UK

By Megha Bhattacharya

April 14, 2021

  • Envestnet
  • UK
Share

envestnet yodleeFinancial Dots Limited has selected data analytics platform Envestnet | Yodlee to provide open banking and non-open banking data services for its customers with an initial client focus in the United Kingdom. The collaboration will enable Financial Dots’ customers to view all of their cross-border financial accounts and investments in one place. Financial Dots stated that it has launched the interface to focus on customers that are dealing with cross-border challenges, helping them navigate the complex environment of their own financial and personal circumstances.

Envestnet | Yodlee’s API will provide the company with its scale of consumer-permissioned financial data across multiple countries, enabling Financial Dots to provide their customers with a more holistic view of their finances.

Jason O’Shaughnessy, Head of International Business at Envestnet | Yodlee, said, “Financial Dots will be able to offer a seamless and secure service to its customer base through our API. Having instant access to all of your financial information in one place makes managing your personal accounts and investments that much easier, giving you more control of your personal finances overall – highlighting the importance of Open Finance.”

Envestnet | Yodlee offers services including financial data aggregation with an aim to enable innovation and insights for financial service providers. It has partnered with more than 1,400 financial institutions and FinTech innovators, which enables firms to build financial solutions with access to an application programming interface (API).

John Bartter, CEO & Founder of Financial Dots, said, “Working and living abroad is on the rise as multinational companies fight to maintain global competitiveness and people look to enhance life experiences. These highly sophisticated global citizens establish complicated profiles that require tailor-made services. We aim to bring simplicity, structure, and prosperity to their lives.”

Recently, Envestnet has announced the acquisition of FinTech innovator Harvest Savings & Wealth Technologies, provider of automated goals-based saving tools and wealth solutions to banks, credit unions, trust companies, and other financial institutions. The terms of the deal were not disclosed.

Previous Article

April 14, 2021

MoneyGram partners with Sigue to expand its payments-as-a-service offering

Read More
Next Article

April 14, 2021

JULO upgrades digital credit limit to 15 million Rupiah for Indonesians

Read More






IBSi Daily News Analysis

UK, Bank

July 12, 2024

Envestnet

Global securities lending revenue sees sharp 16% decline to $2.53bn in Q2 2024, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 12, 2024

Nuvei and Mastercard team to enable crypto to fiat conversion

Read More

July 12, 2024

Payset and ClearBank partner for local and cross-border payments

Read More

July 12, 2024

Network International launches Business Payment Solutions with Mastercard

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024