Technology partnership offers strengthened financial tools to wealth management and financial advisor firms – 90 percent of whom lack basic digital capabilities like account aggregation.
Yodlee, the leading platform for digital financial services, today announces a technology partnership with market data provider Xignite. The partnership gives users of Yodlee’s cloud-based financial platform increased access to industry-leading investment data, and offers vital solutions for the 90 percent1 of financial services providers lacking basic digital offerings.
Investors need accessible, engaging financial tools powered by comprehensive account and market data in order to put their wealth to work effectively. With more than half of all American smartphone users utilizing mobile banking, the ability to access tools and data across multiple digital channels is more important than ever. Xignite’s market data APIs – which offers investors information about everything from stocks, mutual funds and bonds to metals and foreign currency – gives users of Yodlee’s platform deeper insight into vital investment opportunities, and will integrate closely with Yodlee’s omnichannel wealth management and banking tools. Additionally, companies using Yodlee’s data platform, which include leading wealth management technology providers like LearnVest, PlanWise and FutureAdvisor, can use these enhanced data streams to deepen user engagement.
“Like many major financial institutions, wealth management providers need to offer robust, agile, digital offerings in order to keep up with investors’ changing needs,” Yodlee CEO Anil Arora said. “We’re excited to further strengthen Yodlee’s wealth management platforms with Xignite’s stellar market data.”
The partnership marks the latest of several recent expansions to Yodlee’s platform, which provides digital banking, financial data and account aggregation for nine of the top 15 American banks and more than 750 companies worldwide. The company recently announced partnerships with Xero and FeeX, and released Yodlee SmallBusiness, a suite of new small business-focused tools.
“We are excited to partner with Yodlee to enhance their financial services platform with Xignite market data,” said Stephane Dubois, Xignite CEO and Founder. “Yodlee has been setting the standard in personal financial management for many years, and combining our market data with Yodlee’s unique account information will help financial institutions and developers build more innovative apps and unique customer experiences than ever before.”