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Yodlee: A platform for financial institutions to innovate and engage online

Yodlee

Yodlee

Yodlee helps financial institutions innovate and engage online. The company works with financial institutions, developers and consumers.

Let us first look at Yodlee financial institutions.

Yodlee has categorized their financial solutions into: Personalized Finance Suite, Payment Suite and Customer Acquisition Suite.

Under Personalized Finance Suite, Yodlee offers:

- Platform to innovate and engage online.

- Consumer driver marketplace for personal finance applications, making online banking more powerful and personalized.

- Gives consumers insight and control while helping financial institutions to deliver more personalized and comprehensive online services.

Yodlee supports integration at every stage of deployment. It drives customer loyalty with solutions that monetize your online banking platform.

It is audited and supervised like a financial institution so that there is a greater security.

For Developers, Yodlee offers the ability to build applications that help people better manage and spend of their money. Consumers at Yodlee Personal Finance can become the customers of developers at Yodlee Developers.

As consumers use Yodlee Personal Finance through their primary bank or web portal banking service, developers can develop apps that have the potential to be sold to this market through Yodlee FinApp Store.

A developer can create a Yodlee FinApp for a “Sanity Vacation Saver” and see cash grow for a Maui trip or see users’ investments grow in “Invest Best” app. Yodlee Personal Finance solution has a rich data available so that you can create anything. Let your imagination run wild.

For Consumers, Yodlee offers free service to help you manage your money.  The TaxCenter at Yodlee combines the power of Yodlee MoneyCenter (that manages all your finances at one place) with H&R Block’s industry-leading tax expertise.

Yodlee helps you file your taxes, imports your deductions online, know the current tax picture. Along with the Tax Center, you also get to access many other FinApps.

You can track your spending using pre-categorized reports to analyze your expenses. You can also view your finances at one place. All your accounts are linked securely so that you do not need to check balances and transactions at different places.

Yodlee makes payment of bills convenient and free! It makes moving funds easy. You can move funds anywhere, anytime securely with Yodlee. No doubt it makes your life easy.

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BankSimple: Reinventing The Banking System

BankSimple

BankSimple

In the present times, banks are shrouded in ridiculous fees, hidden charges, jargon, and unclear statements. Just about everyone hates banking fees charged unreasonably by banks and in all probability; many supposed that the consumer finance protection would perpetually enable the fees to be lowered at a greater gap. But instead, the fees have gone up incessantly. The trust that the people had in the olden times to their banks had been replaced by doubt and hesitation. At this point, BankSimple is aspiring to change that disquieting problem.

The objective is in the site’s name. BankSimple seeks to eradicate all the banking complications, consumer- unfriendly nature, and fee- nuisances that a regular bank brings. BankSimple declared that it “was born out of our frustration with banking.” The founders of the innovative operation say they built BankSimple to start a bank that doesn’t suck!

But what’s the real deal? Is BankSimple really a bank? Well, truth in fact, No but BankSimple modifies your present banking relationship. That is to say, it presents a modern banking involvement where it is easy for you to keep track with your finances. BankSimple also presents excellent mobile apps and quality customer service. Its partner banks keep customers’ funds in FDIC- insured products and safeguards regulatory fulfillment.

It is a rather bold and ambitious but once it finally launched before the year ends, it would innovate banking in such a way that it would free you from worries that a traditional bank often caused. To be the first to experience BankSimple, you must request an invite by signing a form on the site’s homepage. Invites from BankSimple will be sent accordingly once the beta is ready. Invitation to customers will be given out in a first come- first serve basis so complete the form promptly, without hesitation! But only those who are eligible, that is, people who are a resident of USA and over the age of 18, have a Social Security number, and own a smart phone, can opportunely use BankSimple.

With the exception of the limited access to the site, BankSimple provides a hopeful arena for good and reliable banking. Its innovative and top-notch system will give customers a quality service and trouble- free management of finances.

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