Envestnet | Yodlee signed a data access deal with American Express that the companies said Thursday will enable American Express clients to benefit from security, control and transparency when sharing financial data with their financial service providers.
The addition of the Yodlee data aggregation and analytics platform will "provide new digital banking options for customers without compromising their account security and [provide] a seamless connection to financial tools that they trust, including apps that help manage finances and build wealth," the companies said in their joint announcement.
American Express clients will be able to "more easily leverage" their American Express account information to better manage personal finances and business expenses via secure connections with various applications they trust on the Yodlee platform, the firms said.
Integrating the Yodlee platform into American Express' Account Financials application programming interface will enable American Express clients to direct that company to share their account data in a secure and more seamless way, they noted.
