TORONTO and SAN MATEO, Calif., Sept. 21, 2021 /PRNewswire/ -- TD Bank Group
and Envestnet | Yodlee today announced a data access agreement to
address the needs of an increasingly digital customer base. This
North American agreement signifies the alignment between TD and
Envestnet | Yodlee about protocols to provide for the safe and
secure access of TD customer financial data to support the
customer's requests to share with the financial wellness apps and
experiences of their choice. TD Bank becomes the 13th bank in
North America to sign such a data
access agreement with Envestnet |Yodlee.
Through this agreement, TD customers will be able to more
reliably and effectively connect to and send their financial
information to the more than 1,400 third-party applications powered
by the Envestnet | Yodlee financial data aggregation platform. At
the customer's request, TD will now transfer the customer's
financial data to Envestnet | Yodlee through Application Program
Interfaces (APIs) eliminating the need for customers to share their
banking login ID or password.
"We are excited to announce our first data access agreement for
API-based connectivity with a Canadian headquartered financial
institution," said Chad A. Wiechers,
Senior Vice President of Data Acquisition and Strategy, Envestnet |
Yodlee. "Our relationship with TD is vital for empowering customers
to make intelligent financial decisions, while also benefitting
from greater connectivity and security across their accounts."
"We know that our customers are interacting with us through
digital channels more than ever before and we are focused on
helping meet their needs however they choose to bank," says
Franklin Garrigues, VP, Digital
Channels, TD. "This agreement supports our goal of offering our
customers a secure and confident experience when they are accessing
digital services that are outside their bank."
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively
known as TD Bank Group ("TD" or the "Bank"). TD is the fifth
largest bank in North America by
assets and serves more than 26 million customers in three key
businesses operating in a number of locations in financial centres
around the globe: Canadian Retail, including TD Canada Trust, TD
Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD
Insurance; U.S. Retail, including TD Bank, America's Most
Convenient Bank®, TD Auto Finance U.S., TD Wealth (U.S.), and an
investment in The Charles Schwab Corporation; and Wholesale
Banking, including TD Securities. TD also ranks among the world's
leading online financial services firms, with more than 15 million
active online and mobile customers. TD had CDN$1.7 trillion in assets on July 31, 2021. The Toronto-Dominion Bank trades
under the symbol "TD" on the Toronto and New York Stock Exchanges.
Envestnet refers to the family of operating subsidiaries of the
public holding company, Envestnet, Inc. (NYSE:
ENV). Envestnet 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.
Nearly 108,000 advisors and more than 6,000 companies
including: 17 of the 20 largest U.S. banks, 46 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
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