Yodlee, the leading provider of online personal financial management (PFM) and revenue-generating payments solutions, today announced a new partnership with Open Solutions, a financial service technology provider.
Open Solutions will be the first channel partner to launch the Yodlee Platform with the FinApp Center to its community bank and credit union customers. Yodlee's FinApp Center is a consumer-driven marketplace for personalized financial applications, or Yodlee FinApps, which will be integrated and available from Open Solutions in early 2012.
Open Solutions and Yodlee together are empowering innovation by enabling value-added FinApps that satisfy consumer banking needs, from tax preparation to identity protection, investment management, and more. Yodlee certifies each FinApp so that financial institutions can select and offer their customers secure and personalized functionality, via FinApps, through their own institution websites.
"Providing more flexible options in personal finance management adds tremendous value for online banking customers," said John Messier , VP of Product Management at Open Solutions. "With the release of our next-generation online banking platform, DNAweb™, the subsequent addition of Yodlee's market-leading PFM platform as well as the addition of FinApps will help our bank and credit union customers better satisfy, engage, and service their own customers - a role we greatly value."
A leader among community banks and credit unions, Open Solutions is a trusted source of tools for financial institutions to improve the online banking experience and build better customer relationships. The partnership is beneficial for both parties, allowing Open Solutions to respond to growing PFM demands, and giving Yodlee access to more financial institutions via integration with Open Solutions.
"Our goal is to make personalized finance available to all consumers globally via whatever trusted bank or credit union they use," said Eric Connors , SVP of Products at Yodlee. "Working with Open Solutions brings the power of PFM, and the ingenuity of FinApps, to Open Solution's leading DNAweb online banking platform, expanding the availability to Open Solutions customers. We are thrilled to partner with Open Solutions to help take personalized finance to a whole new level."