Envestnet | Yodlee (ENV), a leading data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services, today announced it is partnering with Varo Money Inc., a mobile-only banking startup that helps consumers gain greater control of their financial lives, providing customers with a more customized mobile banking experience and better insights into their financial well-being.
With the integration of the modern RESTful Envestnet | Yodlee Aggregation API, Varo Money can easily and quickly access the Envestnet | Yodlee Financial Data Platform to provide customers with a personalized banking experience through real-time, proactive alerts about their budgeting goals, cash flow changes and other issues vital to their financial wellness. Varo Money is also integrating the Envestnet | Yodlee Account Verification API to provide customers with a quick, secure way to connect accounts and balances and provide low-cost funding options, while significantly reducing customer risk.
"We're excited to be partnering with a company committed to disrupting the banking landscape by providing consumers with a simple and customized mobile banking experience," said Chris Chen, Senior Vice President and General Manager of the API Team at Envestnet | Yodlee. "Allowing customers to improve their financial outcomes should be the central goal of all financial offerings, and it's great to see Varo Money leverage our platform to deliver innovative solutions that help customers achieve their goals."
"Varo Money is committed to creating the next-generation bank that puts customer financial health at the center of development, and a vital part of this is giving customers a complete view of their financial situation and updating them in an intelligent manner," said Colin Walsh, CEO of Varo Money. "By partnering with Envestnet | Yodlee, we're able to provide a truly modern mobile experience while also offering proactive alerts that could have a significant impact on their financial well-being."