YODLEE® and Open Solutions® Launching Personalized Finance Capabilities for Consumers via Community Banks and Credit Unions
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3600 Bridge Parkway, Suite 200
Redwood City, CA, 94065
Press release date: November 17, 2011
Making online banking more valuable for customers at all stages of life
REDWOOD CITY, Calif. - Yodlee, Inc., the leading provider of online personal financial management (PFM) and revenue-generating payments solutions, today announced a new partnership with Open Solutions Inc.ģ, a financial service technology provider. Open Solutions will be the first channel partner to launch the Yodlee Platform with the FinApp Center to its community bank and credit union customers. Yodlee's FinApp Center is a consumer-driven marketplace for personalized financial applications, or Yodlee FinApps(TM) , which will be integrated and available from Open Solutions in early 2012.
Open Solutions and Yodlee together are empowering innovation by enabling value-added FinApps that satisfy consumer banking needs, from tax preparation to identity protection, investment management, and more. Yodlee certifies each FinApp so that financial institutions can select and offer their customers secure and personalized functionality, via FinApps, through their own institution websites.
"Providing more flexible options in personal finance management adds tremendous value for online banking customers," said John Messier, VP of Product Management at Open Solutions. "With the release of our next-generation online banking platform, DNAweb(TM), the subsequent addition of Yodlee's market-leading PFM platform as well as the addition of FinApps will help our bank and credit union customers better satisfy, engage, and service their own customers - a role we greatly value."
A leader among community banks and credit unions, Open Solutions is a trusted source of tools for financial institutions to improve the online banking experience and build better customer relationships. The partnership is beneficial for both parties, allowing Open Solutions to respond to growing PFM demands, and giving Yodlee access to more financial institutions via integration with Open Solutions.
"Our goal is to make personalized finance available to all consumers globally via whatever trusted bank or credit union they use," said Eric Connors, SVP of Products at Yodlee. "Working with Open Solutions brings the power of PFM, and the ingenuity of FinApps, to Open Solution's leading DNAweb online banking platform, expanding the availability to Open Solutions customers. We are thrilled to partner with Open Solutions to help take personalized finance to a whole new level."
For more information about the Yodlee Platform, Yodlee FinApps(TM) and other Yodlee products and services, visit www.yodleefinapps.com. For more information about Open Solutions, visit Open Solutions at www.opensolutions.com.
About Open Solutions, Inc.
Open Solutions Inc. offers a fully-featured strategic information management product platform that integrates core processing applications built on a single centralized Oracle relational database, with Internet banking, cash management, CRM/business intelligence, financial accounting and management tools, profitability tools, wealth management, imaging, digital documents, interactive voice response, technology services, HSAs, payments and loan origination solutions. Open Solutions' full suite of products and services allows banks, thrifts, credit unions and financial services providers in the United States, Canada and internationally to better compete in today's aggressive financial services marketplace, and expand and tap their trusted financial relationships, client affinity, community presence and personalized service. For more information about Open Solutions, visit Open Solutions at www.opensolutions.com.
About Yodlee, Inc.
Leading financial institutions and portals trust Yodlee to power critical online banking and finance applications that increase profitability and drive more value from the online and mobile channels. Yodlee's proven, patented Personalized Finance Platform(TM) and Yodlee FinApps(TM) deliver a simple, highly personalized, centralized and secure way for consumers to manage all of their financial tasks anytime, anywhere. Yodlee makes financial institutions' websites essential to their customers and generates new deposit and revenue opportunities. The Yodlee Personalized Finance Platform(TM) supports more than 12,000 unique account sources and over 120,000 different account types. Yodlee is headquartered in Redwood City, California. For more information, visit www.yodlee.com.
SOURCE Yodlee, Inc.
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