Envestnet | Yodlee, Productfy partner to offer single technology platform for early-stage startups to embed financial products

Envestnet | Yodlee, Productfy partner to offer single technology platform for early-stage startups to embed financial products

Published: 02-03-2021 15:51:00 | By: Pie Kamau | hits: 748 | Tags:

Envestnet | Yodlee, a data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services, 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.

Jeff Cain, Vice President, Strategic Partnerships, Envestnet | Yodlee: "Envestnet | Yodlee has a long history of working with Productfy, as they are an alumnus of our incubator program. This partnership is a win for developers, because we enable the startup Fintech community to focus on getting their financial solutions to market quickly and comprehensively, while reducing traditional barriers to entry."

Duy Vo, Founder and CEO, Productfy: "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. 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.