US-based Yodlee has recruited fourteen technology partners in a bid to add new applications for advice, analytics and transactions to its basic account aggregation technology platform.
The new services, from companies such as CheckFree, edocs and Sage Financial, will allow users to receive personalised advice, perform analysis, and conduct transactions, such as bill payment and funds transfers.
"This is a giant step forward for the account aggregation industry. Consumers can now go from the simple convenience of accessing and viewing their personal information in one consolidated view, to making their personal information more powerful and useful," says Anil Arora, Yodlee's CEO.
For advice and analytics, Yodlee is teaming with FinanCenter.com, which provides personal financial planning software, and XpenseWise, which advises users on how to save money on recurring monthly expenses. Online account management & EBPP will be provided through tie-ups with CheckFree, edocs and Paytrust, while sales and marketing support will come from links to Ignite Sales and IMworth. Personal financial planning and wealth management services will be delivered through agreements with FinPortfolio, Jexp, Sage Financial, StatiaFX, WealthMetrics.com and Numerix subsidiary MoneyTools.
Yodlee has also contracted to use National Interbank's Internet Funds Transfer Service to enable PC and wireless-based money transfer between accounts held at separate financial institutions.
The first suite of integrated applications will be available in the first quarter of 2001, says the company.