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Yodlee(R) Announces Yodlee 10: the First Personalized Financial Management Platform

Posted on: Tuesday, 29 September 2009, 07:00 CDT

NEW YORK, Sept. 29 /PRNewswire/ -- Finovate -- Building on its ten year track record of innovation, Yodlee, Inc., the leading provider of online and mobile personal financial management (PFM) and payments solutions, today previewed Yodlee 10, its next-generation, personalized finance platform, at the Finovate event in New York City.

"When it comes to online financial management, there is no 'one size fits all' solution model," said Anil Arora, President and Chief Executive Officer at Yodlee. "Every consumer or small business is different, and each has unique challenges and opportunities, especially these days. Yodlee 10 is based on more than ten years of Yodlee research, experience and expertise in online finance, servicing the world's largest banks and portals."

According to Javelin Strategy & Research, "The time is right for banks and credit unions to transform and reinvigorate their online banking channel by making personal finance management the focal point of the customer's online-banking experience."

As the solutions provider for more than 85% of all online PFM users today, Yodlee is helping banks and portals move PFM to the center of online finance, deepening customer relationships and driving new revenue.

Simplified, Flexible Web 2.0 User Experience

Yodlee 10 re-shapes how consumers and small businesses manage finances by surfacing key information, such as recent transactions, account balances, and bill reminders - from all of their accounts - in a personalized dashboard; and by fully integrating and automating payments and transactions in an intuitive, flexible new user experience.

Financial Widgets

Yodlee 10 also uniquely introduces ad-on widgets to online personal finance. Basic widgets and capabilities for every day financial activities are standard for every user of Yodlee 10, while additional, specialized or personalized widgets can be added at any time via Yodlee's financial applications center. Customized themes and views, social features, tax planning, small business capabilities and financial planning and advice are all examples of the types of widgets expected to be available through Yodlee 10.

Yodlee 10 Beta(TM) will be available later this year. Yodlee 10 PersonalFinance(TM) and Yodlee 10 MoneyCenter(TM) will be available in early 2010, in both hosted (ASP) and Software Development Kit (SDK) deployment models.

For more information about Yodlee and Yodlee 10, visit www.yodlee.com.

About Yodlee

Leading financial institutions and portals trust Yodlee to power critical online finance applications that increase profitability and drive more value from the online channel. Yodlee's proven personal financial management, payments, and customer acquisition solutions unify all personal financial account information to deliver a simple, centralized and secure way for consumers to manage all of their financial tasks anytime, anywhere, forever. Yodlee makes financial institutions' websites essential to their customers and helps them generate new revenue. Yodlee's patented data, payments and risk management utility supports more than 11,000 account sources and over 100,000 different account types. More than 100 leading financial institutions and portals offer Yodlee-powered solutions to millions of customers worldwide. Yodlee is headquartered in Redwood City, California. For more information, visit www.yodlee.com.

Yodlee is a registered trademark of Yodlee, Inc. Yodlee PersonalFinance is a trademark of Yodlee, Inc. All other products and services mentioned are the property of their respective owners.

SOURCE Yodlee, Inc.

Source: PR Newswire

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