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Yodlee Interactive doubles API business growth

18 October 2012  |  2076 views  |  0 Source: Yodlee Interactive

Yodlee Interactive, a business unit of Yodlee, today announced it has doubled its annual growth in its market leading application programming interface (API) business.

As the standard in financial data and payments APIs, Yodlee Interactive today serves more than 300 customers and partners and millions of end users across more than 25 vertical markets. Already in use by financial and non-financial businesses around the world, from start-ups to Fortune 500 companies, the Yodlee API sits at the heart of a robust and expanding financial services ecosystem, where it helps streamline the innovation and delivery of new financial services and solutions.

Responding to this dramatic growth, Yodlee Interactive today launched Yodlee FastLink, a new API feature that helps customers and partners bring innovations to market even faster and more easily, while reducing ongoing maintenance. FastLink speeds the onboarding process for all Yodlee Interactive powered services, enabling users to add thousands of financial accounts quickly, easily, and securely. FastLink is already live with multiple Yodlee Interactive customers, including Equifax, a leading provider of online credit monitoring and identity theft protection and SmartCredit.com, where consumers manage their money, bills, credit scores and ID protection, all in one simple place.

"Yodlee has been a great partner in helping us launch the first true integration of money, credit and identity in to a fantastic and simple service for consumers to manage their financial lives," said David B. Coulter, the Founder and C.E.O. of SmartCredit.com.

"Demand for Yodlee Interactive's API continues to grow rapidly," said Joseph Polverari, Yodlee's Chief Strategy and Development Officer, and the Managing Director of Yodlee Interactive. "We are attracting the most innovative brands and entrepreneurs in financial services today; literally adding customers in bunches, across multiple vertical markets, and quickly maturing the digital ecosystem that will help deliver the next generation of financial services and solutions. FastLink is the latest development in our ongoing commitment tent to stimulating innovation and managing for rapid deployment, so that innovations can come quickly to market."

Based on Yodlee's patented data technology platform, the Yodlee Interactive API leverages secure access to unique financial data and payments capabilities to safely power ideas and innovations that help consumers and small businesses; including financial and debt management, small business accounting, new lending models, alternative credit scores and predictive analytics, to name a few. 

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