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Yodlee, headquartered in Redwood City, CA, is a company that provides account aggregation and other online financial services. Yodlee allows users to see their credit card, bank, investment, email, travel reward accounts, etc. on one screen. Since June 27, 2006, Yodlee has offered its Yodlee MoneyCenter web application.[1]
Yodlee has offices in the United States, United Kingdom, and India. Yodlee's headquarters is in the US.
The company is a leader in personal finance and Mobile Banking. Yodlee MoneyCenter is a popular web application that allows consumers to manages their finances online. It is a free web application that provides much of the popular personal finance functions of Intuit's Quicken with features such as bill payment, expenses tracking, and investment management.
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Privacy
Yodlee's Privacy Policy FAQ references TRUSTe and the FTC as additional sources of privacy information, presumably relevant to Yodlee's policy.[2] However, the supplied TRUSTe validation link fails,[3] and the TRUSTe site does not list Yodlee as a current sealholder.[4]
Yodlee responded to an October, 2008 request for clarification of their privacy policy and TRUSTe status by confirming that they chose not to renew the original TRUSTe certification. They opted instead to align with the BITS banking consortium along with FFIEC oversight of Yodlee operations as per regulations and guidelines for financial security providers. They also indicated the privacy pages on their web site would be corrected to show the BITS alignment.
Partners
Yodlee works with several partners as a service provider. This includes websites like Mint.com and several large banks and financial institutions. Bank of America's My Portfolio service is powered by Yodlee. Citibank, AOL and Wachovia have discontinued the Yodlee service.
Investors
Yodlee has gone through multiple rounds of financing. In a press release in June 2008, it was announced that Bank of America led a $35 million financing and existing Yodlee investors, including its largest shareholder Warburg Pincus along with Accel Partners and Institutional Venture Partners also participated in the financing round. Yodlee will use the proceeds of the new funding to expand deployment capabilities of its BillPay software and services and accelerate sales of the technology.
External links
Notes
- ^ Yodlee (27 June 2006). "Yodlee Launches Suite Of Next-Generation Online Banking Applications: Yodlee MoneyCenter". Press release. Retrieved on 2008-04-06.
- ^ "Privacy Policy: Who can I contact if I have any questions regarding my privacy?". Retrieved on 2008-10-04.
- ^ "(supplied link to TRUSTe validation)". Retrieved on 2008-10-04.
- ^ "TRUSTe - Make Privacy Your Choice: Who's on the list?, section Y". Retrieved on 2008-10-04.
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