SAN MATEO, Calif., March 2, 2021 /PRNewswire/ -- Envestnet |
Yodlee (NYSE: ENV), a leading data aggregation and analytics
platform powering dynamic, cloud-based innovation for digital
financial services announced today it is partnering with Productfy,
a developer-focused business-to-business (B2B) FinTech platform
that provides embedded financial products, to offer a single
platform for quicker development of financial products and
solutions for FinTech startups.
Through the partnership, FinTech developers who use Productfy's
platform will have immediate access through a single interface to
Envestnet | Yodlee's best-in-class data aggregation and account
verification services, plus Automated Clearing House (ACH),
"know-your-customer" (KYC), card issuance, credit data, and other
capabilities also offered through Productfy. Through Productfy's
self-service onboarding, managed compliance, and network of bank
and enablement partners, developer teams will be able to bring
innovative financial solutions to market faster by utilizing
multiple vendors in one environment.
"Envestnet | Yodlee has a long history of working with
Productfy, as they are an alumnus of our incubator program," said
Jeff Cain, Vice President of
Strategic Partnerships, Envestnet | Yodlee. "This partnership is a
win for developers, because we enable the start-up FinTech
community to focus on getting their financial solutions to market
quickly and comprehensively, while reducing traditional barriers to
entry.
"We've learned that FinTech startups need an all-in-one solution
that combines managed compliance, unified due diligence, and a
world-class DevX to successfully launch a financial product," said
Duy Vo, Founder and CEO of
Productfy. "Our value goes beyond helping our clients launch a
product in as little as three weeks, but also we provide an
enablement service that helps them achieve commercial success."
The Envestnet | Yodlee platform has proudly fueled innovation
for financial institutions and FinTech for more than 20 years
ultimately helping consumers achieve financial wellness. Envestnet
| Yodlee is the market leader in financial data aggregation,
partnering with more than 1,400 financial institutions and fintech
innovators, including 15 of the top 20 U.S. banks, enabling a
massive data network associated with tens of millions of consumers
who use platform-related personalized apps and services.
The partnership will be the focus of an upcoming webinar on
March 10 featuring Cain, Vo and other
experts from Envestnet | Yodlee and Productfy. More information and
registration for the webinar can be found here.
About Envestnet
Envestnet, Inc. (NYSE: ENV) is transforming the way financial
advice and wellness are delivered. Our mission is to empower
advisors and financial service providers with innovative
technology, solutions, and intelligence to make financial wellness
a reality for everyone. Over 106,000 advisors and more than 5,100
companies including: 17 of the 20 largest U.S. banks, 47 of the 50
largest wealth management and brokerage firms, over 500 of the
largest RIAs and hundreds of FinTech companies, leverage Envestnet
technology and services that help drive better outcomes for
enterprises, advisors and their clients.
For more information on Envestnet | Yodlee, please
visit www.yodlee.com, subscribe to our blog, and follow
us on Twitter (@Yodlee) and LinkedIn.
About Productfy
Productfy is a developer-friendly platform that makes it easy
for companies to build and launch financial products. With
embeddable applications built on top of a flexible general ledger
and backed by world-class financial and compliance experts,
companies can access a unified solution to accelerate innovation
and time to market. With Productfy, developers can configure in
hours, integrate in days, and go from idea to full stack deployment
in as little as 3 weeks.
For more information, please visit www.productfy.io
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SOURCE Envestnet | Yodlee