ORLANDO, Fla., April 14, 2021 /PRNewswire/
-- Abe.ai (an Envestnet | Yodlee solution), a leader in
AI-powered virtual assistant products for financial institutions
and Lumin Digital (a PSCU company), a leading
provider of online and mobile digital banking solutions, today
announced a multi-year partnership that allows Lumin to offer Abe's
fully-integrated Virtual Financial Assistant (VFA) to its
clients.
Through this collaboration, Abe.ai's VFA will be
integrated at Lumin's digital banking layer and be
embedded into the authenticated, mobile and online banking
channels. This will allow a customer of one of Lumin's financial
institution clients to login to their mobile app or online banking
platform to get answers to a wide range of questions, conduct an
array of banking transactions and get insights to help their
financial wellness using natural language within a user-friendly
interface. It also allows for the option to speak to a live team
member if that is the consumer's preference.
"Lumin Digital is proud to partner with Abe.ai to bring our
clients the powerful capabilities of their Virtual Financial
Assistant. Our clients will have the benefit of extending to their
users the superior service and accessibility consumers expect,"
says Jeff Chambers, president of
Lumin Digital.
As a cloud-based digital banking platform built using innovative
technology, Lumin Digital provides members with a tightly
integrated and customized experience that matches the offerings
available from larger financial institutions. In creating a truly
personalized journey, Lumin Digital helps credit unions and banks
better engage with their members, increase value and deepen
relationships. Lumin Digital continues to drive innovation in the
digital banking space, differentiating itself through technology
built for human connection. Lumin Digital's offering provides
seamless integration to a wide array of PSCU and other platform
tools and capabilities, including card services, rewards management
and data analytics, to provide a member-centric experience.
Powered by AI, machine learning and natural language processing,
Abe.ai's contextually aware and always learning VFA can be
programmed to ask and answer questions in familiar, conversational
language. This two-way interaction provides a more intuitive
experience that lets customers and members get fast answers and
guidance about their finances. As a solution for Envestnet I
Yodlee (NYSE: ENV), a leading data aggregation and analytics
platform powering dynamic, cloud-based innovation for digital
financial services, Abe.ai's VFA has the ability to leverage and
integrate industry-leading insights solutions, personal financial
management tools and more.
"We are excited to offer our Virtual Financial Assistant to
Lumin Digital's growing customer base," states Rob Guilfoyle, Co-Founder of Abe.ai. "As we
learned more about Lumin's digital banking solutions and discovered
the ways that our VFA could be integrated into them, it became
apparent that a partnership to help financial institutions simplify
their customers' financial journeys was a natural fit."
About Lumin Digital
Lumin Digital, a PSCU company headquartered in San Ramon, Calif., delivers digital banking
solutions to financial institutions across the United States. Founded by financial
technology experts, Lumin Digital is working to redefine digital
banking with its proprietary user engagement platform, providing
banks and credit unions with a solution that allows them to quickly
and safely adjust to their users' needs. Through the use of Lumin
Digital's user data and predictive analytics, organizations have
the ability to implement custom experiences for users, creating a
truly personalized journey that helps consumers thrive while
building a connected relationship. For more information,
visit LuminDigital.com.
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 Abe.ai, please visit our web site or
follow us on LinkedIn, Twitter and Facebook.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/abeai-and-lumin-digital-announce-digital-banking-partnership-301268671.html
SOURCE Envestnet | Yodlee