SAN ANTONIO, Dec. 17, 2015 /PRNewswire/ -- Frost Bank and Envestnet | Yodlee today announced one of the first-of-its-kind services that enables customers to view all their financial accounts from any institution in one secure place, both online and on the Frost Mobile App.
The tool allows Frost customers to add external credit card, mortgage and investment accounts, as well as any Frost investment and trust accounts, to their Frost Mobile App for iPhone® or Android and Frost Online Banking. Once accounts are added, customers can view balance and transaction information, including investment holdings. Frost is one of the few financial institutions that enables customers to add and view external accounts on their mobile devices.
"Frost strives to deliver innovative technology, service and convenience to our customers — and this new tool hits the mark on all three," said Cullen/Frost Bankers President Phil Green. "It's a convenient, simple and secure service that empowers Frost customers to see and better control their finances at home or on the go with a financial partner they know and trust."
The new financial tool includes additional security measures to protect customer data. Frost encrypts all data to provide the highest possible level of security.
Frost worked exclusively with Envestnet | Yodlee to customize the product for Frost users. Frost and Envestnet | Yodlee began testing the tool during the summer prior to the official launch.
"We're proud to power Frost Bank's account aggregation service with our leading financial data platform," said Bill Parsons, GM and Chief Customer Officer at Envestnet | Yodlee. "With this partnership, the Envestnet | Yodlee Financial Data Platform will enable Frost customers to seamlessly view all of their accounts in one place and manage their finances safely and securely, anytime, anywhere."
Frost is the banking, investments and insurance subsidiary of Cullen/Frost Bankers, Inc. (NYSE: CFR), a financial holding company with $28.3 billion in assets at September 30, 2015. One of the 50 largest U.S. banks by asset size, Frost provides a full range of banking products, investment and brokerage services and insurance products to businesses and individuals in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Permian Basin, Rio Grande Valley and San Antonio regions. Founded in 1868, Frost has helped Texans with their financial needs during three centuries. For more information, visit www.frostbank.com.
About Envestnet | Yodlee Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services to investment advisors. Our open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance, and value. Envestnet solutions enable the transformation of wealth management into a transparent, independent, objective, and fully-aligned standard of care, and empower advisors to deliver better outcomes.
Envestnet | Yodlee is a leading technology and applications platform powering dynamic, cloud-based innovation for digital financial services. More than 950 companies, including 12 of the 20 largest U.S. banks and hundreds of Internet services companies, subscribe to the Envestnet | Yodlee platform to power personalized financial apps and services for millions of consumers. Envestnet | Yodlee solutions help transform the speed and delivery of financial innovation, improve digital customer experiences, and deepen customer engagement.
Envestnet | Yodlee is headquartered in Redwood City, CA with global offices in London and Bangalore. For more information, visit www.yodlee.com.
SOURCE Frost Bank