REDWOOD CITY, Calif., April 4, 2012 /PRNewswire/ -- Yodlee, Inc., the leading provider of digital personal financial management (PFM) and revenue-generating money movement solutions for financial institutions and portals worldwide, today announced the general availability of Yodlee MoneyMovement, a unified money movement and risk mitigation platform.
New Payments and Transactions Platform
Yodlee MoneyMovement is built on Yodlee's patented, award-winning, Personalized Finance Platform™. The open, API-driven Platform enables financial institutions and other transactions providers to deliver specific functionality - such as account-to-account funds transfers, pay anyone bill payments, person-to-person (P2P) payments, same-day (expedited) payments, and much more - all from a single, secure payments environment.
Yodlee FinApp™ Compatible
Yodlee's FinApps, or financial applications, are discreet, app-driven pieces of money management functionality that can be deployed anywhere, whether individually or in combination with related solutions or FinApps. Yodlee MoneyMovement capabilities are similarly available as embedded features in existing FinApps, or as separate, stand-alone money movement FinApps; delivering for the first time a fully transactional-capable PFM experience.
Fast, Flexible Deployment Options; API or FinApp
Yodlee MoneyMovement is available to any size financial institution or payments provider in a variety of flexible implementation models. Yodlee MoneyMovement features can be deployed in total, in customized combinations and on a one-off basis. Platform functions can be adjusted or configured with the same ease as other Yodlee API or FinApp implementations.
"With Yodlee MoneyMovement, we're extending our reputation as innovators, this time into payments and transactions, enabling faster, safer payments and transfers," said Yodlee's SVP of Products, Eric Connors. "We've designed, built and tested our platform in conjunction with the world's largest retail banks to be flexible, scalable, and extensible in response to the rapidly evolving payments landscape in which our customers must now compete, and are already moving billions of dollars in transactions a year."
Available Yodlee MoneyMovement Features:
- Account-to-account funds transfer
- P2P capabilities
- Full, end-to-end pay anyone bill pay capabilities
- Intelligent payments routing (for least cost or most profit)
- Revenue generating expedited and card based payments
- Compatible with all major open and proprietary US remittance networks
- Mobile payment and transfer capabilities
- Real-time risk-management capabilities
- Risk-based and good funds models
- Complete regulatory and reporting compliance
- Optional payment operations services
"Our objective was to deliver the technology and operations know-how that would allow any financial institution or payments provider to re-take control of its money movement offerings, regardless of vendor. We're putting financial institutions back in control – no more black box and no more being held hostage by any one vendor," said Connors.
For more information about Yodlee MoneyMovement, Yodlee FinApps or the Yodlee Personalized Finance Platform, visit www.yodlee.com.
Yodlee created the industry's first, patented, financial cloud for global money management. Powering services for 7 of the top 10 U.S. financial institutions and more than 35 million consumers, Yodlee removes the friction from financial management, making it a more insightful, interactive, and actionable experience for consumers while delivering retention, engagement, and revenue for financial providers. Yodlee is driving the new era of digital banking - anywhere, anytime, on any device.
Yodlee is headquartered in Redwood City, California. For more information, visit www.yodlee.com.
Yodlee is a registered trademark of Yodlee, Inc. Yodlee Personalized Finance Platform and Yodlee FinApp are trademarks of Yodlee, Inc. Any other products and services mentioned are the property of their respective owners.
SOURCE Yodlee, Inc.