REDWOOD CITY, Calif., Jan. 25, 2017 /PRNewswire/ -- Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services, today announced its Incubator program has been awarded a Silver Fintech Finance magazine award in the "Best Hub / Accelerator of the Year" category. In addition to its ongoing commitment to fintech innovation, the Envestnet | Yodlee Incubator program has been recognized for the high-quality expertise and guidance it delivers to fintech disruptors looking to expand their businesses.
"We're honored to be recognized for our robust incubator program and efforts to connect inventive companies with the tools, expertise and mentorship they need to succeed," said Jeff Cain, incubator director at Envestnet | Yodlee. "This award is a testament to Envestnet | Yodlee's ongoing dedication to fintech industry innovation and improving financial outcomes. The companies in our incubator program are using cutting-edge technologies and data to shake up the financial ecosystem, and we're excited for the change they're bringing to consumers worldwide."
Envestnet | Yodlee's six-month Incubator program connects the next generation of fintech disruptors with the funding, strategic guidance and expert mentorship to help them grow, while also providing 12 months of free, unrestricted access to Envestnet | Yodlee's powerful Data Aggregation Platform. The program provides fintech startups with the opportunity to work with customers, iterate their product, and collect data, so they can quickly find a product-market fit.
The program has helped accelerate the early success of many industry disruptors. 2015 graduate Hedgeable just released Tax Samurai, an artificial intelligence solution to manage tax strategies for accounts with greater than $1 million in assets, and 2014 graduate Voatz was named a top political startup after being used by nearly 2,000 delegates at the Massachusetts State Democratic Convention.
The inaugural Fintech Finance magazine awards, selected by the publication's editors, aim to capture and celebrate the spirit of corporate adventure of companies looking to disrupt financial services. The awards honor startups and established businesses that have shown themselves to be distinctly different and/or commendably focused on customer service and innovation.
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, delivering unparalleled flexibility, accuracy, performance, and value. Envestnet enables a transparent, independent, objective, and fiduciary standard of care, and empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.
Envestnet's Advisor Suite 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, personalized financial apps and services for millions of consumers. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software for advisors. Envestnet | Retirement Solutions provides retirement advisors with an integrated platform that combines leading practice management technology, research and due diligence, data aggregation, compliance tools, fiduciary solutions and intelligent managed account solutions.
More than 52,000 advisors and 2,500 companies including: 16 of the 20 largest U.S. banks, 38 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.
Information provided should not be construed as legal or regulatory advice or guidance.