Redwood City, California-based Yodlee, an online banking solution provider, has announced that usage of Yodlee-powered Personal Financial Management (PFM) solutions nearly doubled last year, as consumers rush to gain control over their finances. Yodlee’s PFM solutions are currently used by 6 of the top 10 US banks.
Yodlee-powered PFM products help consumers gain control of their finances with automated access to all of their financial accounts, including banking, brokerage, retirement, credit cards, loans, home values, insurance, and bills.
The solutions also automatically categorize expenses, track spending, personalize budgets, provide interactive alerts and allows paying a bill and transferring money, either online or through a mobile interface.
Yodlee’s 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. Yodlee’s patented data, payments and risk management utility supports more than 11,000 account sources and over 100,000 different account types.
