Yodlee Interactive Powers Edentiti's greenID Online Verification Service in Australia and New Zealand
November 16 2015 - 1:00PM
Yodlee (Nasdaq:YDLE), the leading cloud-based financial platform
powering dynamic innovation in digital financial services, today
announced a strategic partnership with Edentiti, the market-leader
in Australia for online identity verification. The partnership will
empower Edentiti's greenID platform with Yodlee Interactive's
robust financial APIs, allowing consumer bank statements to be
analyzed during an identity check, making the process even more
efficient and accurate.
Yodlee Interactive APIs provide Edentiti with Yodlee's industry
leading aggregation and account verification services as well as
access to FastLink, enhancing the user experience by helping the
user quickly link external bank accounts. Edentiti customers will
now be able to perform more affordable background checks when
applying for loans.
The Edentiti greenID platform is a secure, privacy-compliant
service used by major banks, credit unions, brokers, online gaming
companies, and government agencies to verify the identities of
millions of people. As the market leader in Australia and New
Zealand, greenID's self-verification process allows Edentiti
clients to be more efficient and more cost effective by reducing
the need of a third-party.
GreenID enables clients to rapidly and efficiently onboard new
customers in real-time in an online or mobile environment, and to
verify their identities against a comprehensive set of global data
sources to meet regulatory obligations. GreenID is trusted and
assists obligated entities to meet their government compliance
standards, meeting KYC (Know Your Customer), AML (Anti-Money
Laundering), and CTF (Counter-Terrorism Funding) standards,
providing a secure and complete verification system.
"Edentiti is the recognized market leader for electronic
verification, with a global reach of more than 12 million people,"
said Jason O'Shaughnessy, VP of International at Yodlee
Interactive. "We are proud to be able to strengthen the greenID
platform with our APIs and empower Edentiti customers by removing
barriers to better manage their money and make smarter financial
decisions."
"We are excited to partner with the established leader in
financial innovation," said James Smith, CEO at Edentiti. "As we
continue to rapidly expand our global presence, Yodlee became the
obvious choice. One of the key factors for choosing to partner with
Yodlee was its ability to provide a platform that meets the highest
industry standards. Yodlee's cloud-based approach removes the risk
associated with other vendors that rely on the user's device for
security."
About Yodlee
Yodlee (Nasdaq:YDLE) is a leading technology and applications
platform powering dynamic, cloud-based innovation for digital
financial services. More than 950 companies, including 12 of the 20
largest U.S. banks and hundreds of Internet services companies,
subscribe to the Yodlee platform to power personalized financial
apps and services for millions of consumers. Yodlee solutions help
transform the speed and delivery of financial innovation, improve
digital customer experiences, and deepen customer engagement.
Yodlee is headquartered in Redwood City, CA with global offices
in London and Bangalore. For more information, visit
www.yodlee.com.
About Edentiti/Vix Verify
Edentiti is a software company that specializes in online
verification, with offices in Sydney, Canberra, Melbourne and
Wellington. Internationally, Edentiti is part of Vix Verify, a
global organization taking leading identity verification solutions
to the world.
Vix Verify is a global leader in online identity verification
providing businesses with their award winning greenID platform to
provide frictionless customer onboarding, to develop trusted
digital identities and to comply with regulatory standards.
CONTACT: Media Contact
VSC for Yodlee Interactive
Abbie Havern
abbie@vscpr.com
1-650-815-5050
YODLEE INC (NASDAQ:YDLE)
Historical Stock Chart
From May 2024 to Jun 2024
YODLEE INC (NASDAQ:YDLE)
Historical Stock Chart
From Jun 2023 to Jun 2024