Online financial services provider FundsXpress has entered a strategic partnership with Yodlee to provide its customers with an integrated online banking and account aggregation solution.
FundsXpress will integrate Yodlee's aggregation solution with its Web banking platform to allow users to access, with a single login, all their online accounts, including those at other financial institutions.
The system will consolidate all finanical data, including banking, credit cards, investments, mortgages and bills. Users can also consolidate non-financial accounts like email, news and travel.
The combined solution is built on Yodlee's aggregation engine, which gathers data from 7,000 sources via direct data feeds and OFX/QIF downloads. Once gathered, all data is cleansed and normalised before it is presented to the user.
Anil Arora, president and CEO of Yodlee, says: "The operational efficiencies we achieve by fully integrating our two solutions, enables FundsXpress to offer a robust aggregation-based banking solution that is easy to deploy, easy to maintain and affordable."