Technology provider Infinant announced this week its collaboration with Envestnet Data and Analytics via Envestnet | Yodlee, a data aggregation and analytics provider with 17,000 data sources.
The partnership will enable users of a bank’s own digital app or the banks’ embedded finance customers to instantly verify accounts and connect their account data across financial institutions.
Said Doug Meads, Global Head of Enterprise, Tech & FinTech Vertical, Envestnet Data & Analytics, “Our partnership with Infinant further underscores Envestnet | Yodlee’s commitment to providing reliable financial data transfer solutions for financial institutions and fintechs.”
“By partnering with Infinant, we are not only embracing the opportunities created by the digital economy but also driving the adoption of open banking standards,” added the executive.
Envestnet provides an ecosystem of technology, solutions and intelligence to transform the way financial advice is delivered. By establishing the connections between people’s daily financial decisions and long-term financial goals, Envestnet empowers them to make better sense of their finances and live an Intelligent Financial Life™.
Said Infinant CEO Riaz Syed, “Infinant is a huge proponent of standardizing data interoperability in the financial services industry. In fact, that’s why we are a member and align with the Financial Data Exchange (FDX) standards and are excited to partner with Envestnet | Yodlee in this regard.”
Infinant is based in Charlotte, North Carolina and provides a cloud-native platform for banks to innovate by offering their products and services, along with bundled fintech within their bank or a third party.