Yodlee® Surpasses 30 Million Users; Continues Path of Innovation and Invention

Pioneer PFM and Payments Provider Awarded 45th Patent

Jul 06, 2011, 08:00 ET from Yodlee, Inc.

REDWOOD CITY, Calif., July 6, 2011 /PRNewswire/ -- Yodlee, Inc., the leading provider of online personal financial management (PFM) and revenue-generating payments solutions today announced it has surpassed 30 million registered users of Yodlee-powered products and services, worldwide. This is a significant milestone for Yodlee, who for more than 12 years has delivered the online financial management solutions on which financial institutions and portals — and their customers — depend.

Yodlee works with the top global financial institutions and portals to deliver flexible applications and delivery platforms that empower consumers and small businesses to track and manage their financial affairs, from budgeting to account balancing, funds transfer, and bill payment.

"Seeing the next generation of digital financial services being powered on the Yodlee platform is very exciting, and strong validation of our commitment to sustained innovation," said Joseph Polverari, Yodlee's Chief Marketing and Strategy Officer. "The rapid growth we're seeing in registered users leaves no doubt that online banking is rapidly transforming into PFM, empowering users to quickly and easily understand and manage all their finances through highly personalized, app based functionality, like Yodlee FinApps™. Innovation in financial services can now move safely and securely, at Internet speed."

As the pioneer and leading provider of the technologies and solutions powering the majority of all online PFM users today, Yodlee has a broad portfolio of granted patents and many more in application, including issued patents covering:

  • Personal Financial Management
  • Data categorization
  • Targeted marketing and offers
  • Data aggregation and analysis
  • Electronic bill pay and funds transfer
  • Mobile banking
  • Online authentication
  • Instant account verification
  • Auto-login
  • Automated tax preparation
  • Alerting

"A key driver in Yodlee's rapid growth has been its consistent commitment to the creation of intellectual property; a sustained initiative focused on the development of leading edge technologies and processes," said Peter Hazlehurst, Yodlee's Chief Product Officer. "More than a dozen years ago we began to invest in the protection and enforcement of our innovations and inventions. We're seeing that investment pay off now, with 45 issued patents, covering core Yodlee products and business models, such as data aggregation, categorization, instant account verification and even PFM itself."

For more information about Yodlee FinApps™ and other Yodlee products and services, visit www.yodlee.com.

About Yodlee

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™ and Yodlee FinApps™ 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™ 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.

Yodlee is a registered trademark of Yodlee, Inc.  Yodlee Personalized Finance Platform and Yodlee FinApps are trademarks of Yodlee, Inc.  Any other products and services mentioned are the property of their respective owners.

SOURCE Yodlee, Inc.