International Open Banking and Financial Data Aggregation Leader Adds FinTech To Open Banking Services
London, 13 April, 2021— Financial Dots Limited has chosen Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and data analytics platform for financial services, to provide open banking and non-open banking data services for its customers with an initial client focus in the United Kingdom.
The partnership will enable Financial Dots’ customers to view all of their cross-border financial accounts and investments in one place for people working and living abroad. Financial Dots launched the interface to focus on customers that are dealing with cross-border challenges, helping them navigate the complex environment of their own financial and personal circumstances. Financial Dots’ hybrid model incorporates their technology solutions while delivering consultation from advisors and financial service professionals.
Envestnet | Yodlee is the market leader in financial data aggregation, enabling innovation and insights for financial service providers. It has partnered with more than 1,400 financial institutions and FinTech innovators, which enables firms to build innovative financial solutions with access to an industry-leading application programming interface (API). Envestnet | Yodlee’s API will provide Financial Dots with its scale of consumer-permissioned financial data across multiple countries, enabling Financial Dots to provide their customers with a more holistic view of their finances.
Jason O’Shaughnessy, Head of International Business at Envestnet | Yodlee, said: “Financial Dots will be able to offer a seamless and secure service to its customer base through our API. Having instant access to all of your financial information in one place makes managing your personal accounts and investments that much easier, giving you more control of your personal finances overall – highlighting the importance of Open Finance.”
John Bartter, CEO & Founder of Financial Dots, said: “Working and living abroad is on the rise as multinational companies fight to maintain global competitiveness and people look to enhance life experiences. These highly sophisticated global citizens establish complicated profiles that require tailor-made services. We aim to bring simplicity, structure, and prosperity to their lives.”
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.