Partnership enables access to comprehensive “FinTech-in-a-box” solutions for developers looking to hit the ground running with FinTech basics
Envestnet | Yodlee, a leading data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services announced today it is partnering with Productfy, a developer-focused business-to-business (B2B) FinTech platform that provides embedded financial products, to offer a single platform for quicker development of financial products and solutions for FinTech startups.
Through the partnership, FinTech developers who use Productfy’s platform will have immediate access through a single interface to Envestnet | Yodlee’s best-in-class data aggregation and account verification services, plus Automated Clearing House (ACH), “know-your-customer” (KYC), card issuance, credit data, and other capabilities also offered through Productfy. Through Productfy’s self-service onboarding, managed compliance, and network of bank and enablement partners, developer teams will be able to bring innovative financial solutions to market faster by utilizing multiple vendors in one environment.
“Envestnet | Yodlee has a long history of working with Productfy, as they are an alumnus of our incubator program,” said Jeff Cain, Vice President of Strategic Partnerships, Envestnet | Yodlee. “This partnership is a win for developers, because we enable the start-up FinTech community to focus on getting their financial solutions to market quickly and comprehensively, while reducing traditional barriers to entry.
“We’ve learned that FinTech startups need an all-in-one solution that combines managed compliance, unified due diligence, and a world-class DevX to successfully launch a financial product,” said Duy Vo, Founder and CEO of Productfy. “Our value goes beyond helping our clients launch a product in as little as three weeks, but also we provide an enablement service that helps them achieve commercial success.”
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The Envestnet | Yodlee platform has proudly fueled innovation for financial institutions and FinTech for more than 20 years ultimately helping consumers achieve financial wellness. Envestnet | Yodlee is the market leader in financial data aggregation, partnering with more than 1,400 financial institutions and fintech innovators, including 15 of the top 20 U.S. banks, enabling a massive data network associated with tens of millions of consumers who use platform-related personalized apps and services.
The partnership will be the focus of an upcoming webinar on March 10 featuring Cain, Vo and other experts from Envestnet | Yodlee and Productfy.
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