Envestnet | Yodlee to Provide Magpie Customers With Easy Global Account Management Through Its Smart Wallet Bundle App
06 Januar 2016 - 3:00PM
Partnership creates an even simpler and safer way
for users to access their financial information in emerging markets
– Mexico, India, and China
Envestnet | Yodlee (NYSE:ENV), a leading technology and
applications platform powering dynamic, cloud-based innovation for
digital financial services, today announced it is partnering with
Magpie, a leading white-label app provider for smartphones.
Magpie’s Account Tracker is powered by Envestnet | Yodlee’s
advanced data network, and for the last nine months, it has worked
to develop a full-service platform that will allow Magpie customers
to access their bank accounts via the Smart Wallet Bundle
app.
Envestnet | Yodlee’s Aggregation API allows Magpie’s Account
Tracker users to monitor and view all their bank accounts from a
single and secure location without having to separately log into
every, individual banking site. The Account Tracker provides a
faster, simpler, and safer way for Magpie users to authenticate and
view bank their accounts. This tool also prevents any attacks or
leaks of information that could happen by making sure you never
have to leave the app when entering your account credentials.
“We’re extremely thrilled to have been able to partner with
Envestnet | Yodlee in order to create our extremely simple yet
powerful Account Tracker,” said Stephen Kennedy, Chief Executive
Officer at Magpie. “We are positive that our Smart Wallet Bundle
app along with the security of our Account Tracker will help
countless customers with their financial management. With recent
partnerships in Mexico and India as well as plans to launch in
China, we aim to bring a simpler way to monitor your finances
throughout the world.”
The Smart Wallet Bundle app allows a user to set an alarm in
case they are separated from their wallet or if their bank cards
happen to get lost or stolen. Magpie customers can report and
replace their lost cards in a couple of taps. Authentication and
fraud prevention can be handled entirely through the app’s Account
Tracker function, which provides access to up to 365 days of
transaction history and enables an easy, secure way to link bank
accounts.
“It’s exciting to be able to partner with other financial
innovators and produce new ways for people to manage their
finances,” said Jason O’Shaughnessy, SVP of International Markets
and Managing Director, EMEA at Envestnet | Yodlee.
“Working with Magpie has been a rewarding experience and we are
excited to be able to get the new product out to their customers.
It’s common to have many bank accounts but accessing them can be
difficult. Through our partnership, there is finally an app that
lets you easily keep an eye on multiple accounts without having to
go through an external authentication process.”
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
About Magpie
Magpie believes that as consumers’ lives get more complex and
busier (proliferating use of social networks, digital technology
such as smart tags/fitness devices, smartphones and tablets, and
the convergence of physical and digital stuff) a new consumer need
emerges.
This is a need for personalization, simplification,
consolidation, control, and support in managing their busy lives -
for MAGPIE this means being smart, and so we have harnessed the
latest consumer and technology trends to form a business that is
entirely focused on the consumer experience of being able to reduce
the friction in people’s busy lives so they can live more - worry
less.
For more information, please visit www.magpieint.com
Media Contact
VSC for Yodlee Interactive
Abbie Havern
abbie@vscpr.com
1-650-815-5050
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