As Americans manage their finances through the most difficult economic times many have ever experienced, they're depending on online banking services more than ever before. For 10 years, Yodlee, Inc., the leading provider of personal financial management (PFM) and integrated payments solutions, has been delivering the online services on which banks - and their customers - depend, services that have experienced dramatic growth in recent months.
Yodlee's independent research shows that the average American consumer in his 30s has nearly 35 financial accounts. Tracking bank, credit, bills, mortgage, loan and brokerage accounts without substantial online banking and PFM tools can be an onerous task at best. Because banking sites are now used by eight out of 10 online US households - 60 % use online banking more than once a week - a sense of urgency has been felt by the banking industry to acquire online PFM (Javelin Strategy & Research).
Yodlee works with six of the top 10 US banks and many leading portal sites to deliver tools that empower consumers to track - and manage - their holistic financial affairs, from budgeting to account balancing, funds transfer, and bill payment.
"Right now, we're all looking for tools that make our financial lives more manageable, and banks know they must provide online services that offer real value to attract and retain customers," explained Joseph Polverari, Yodlee SVP Strategy & Development. "Yodlee has maintained a singular focus for more than a decade on building services that help banks fully leverage the online and mobile channels to effectively meet and exceed consumer needs, even as those needs change and evolve."
Yodlee powers innovative solutions for more than 155 global financial institutions and 20M+ consumers. More than $3 Trillion in financial assets are currently tracked through Yodlee-powered services. For more information, visit www.yodlee.com.
Leading financial institutions trust Yodlee to power critical online financial applications. Yodlee's personal financial management, payments, and customer acquisition solutions unify all personal financial account information to deliver a simple, centralized and secure source for consumers to manage all of their financial tasks anytime, anywhere. Yodlee makes financial institutions' websites essential to their customers and generates new revenue opportunities. Yodlee's patented data, payments and risk management utility supports more than 11,000 account sources and over 100,000 different account types. More than 100 leading financial institutions and portals today offer Yodlee-powered solutions to millions of customers worldwide. Yodlee operates in the United States and Europe and is headquartered in Redwood City, California. For more information, visit www.yodlee.com.
Yodlee is a registered trademark of Yodlee, Inc. All products listed are trademarks of Yodlee, Inc. All other products and services mentioned are the property of their respective owners.
First Call Analyst:
SOURCE: Yodlee, Inc.
CONTACT: Erin Mitchell, RLM Public Relations, +1-212-741-5106 x233,
Web Site: http://www.yodlee.com/