Envestnet Yodlee extends tie-up with Backbase, unveils updates
Envestnet Yodlee has extended its partnership with omnichannel banking specialist Backbase. The two companies have been collaborating for some time. With the new agreement, Backbase will be providing its customers with integrations to the Envestnet Yodlee data aggregation platform.
The solution is available via Backbase’s Open Banking Marketplace. The announcement follows on from similar arrangements Backbase has got with Mitek (for mobile capture and identity verification) and Entersekt (for digital banking authentication).
Meanwhile, Envestnet Yodlee has just completed integration of its platform with the Envestnet Unified Managed Portfolio (UMP) solution – delivering “a 360-degree view of an investor’s financial data enriched with reconciliation ready data for use in portfolio accounting systems”.
It has also announced updates to the its Instant Account Verification (IAV) solution, including a more intuitive RESTful API infrastructure. “These updates make it easier for financial service providers to protect against fraud, operational and settlement risk,” states the vendor, “while enabling quicker, same day Automated Clearing House (ACH) transactions for consumers.”
