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Share Name | Share Symbol | Market | Type |
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(MM) | NASDAQ:YDLE | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 17.39 | 0 | 01:00:00 |
Envestnet | Yodlee Risk Insight allows lenders to inject user-permissioned financial data into existing underwriting functions, allowing them to make a more informed, data-based decision when evaluating a borrower. Improvements to their risk model will enhance the underwriting process, reduce fraud, and improve pull-through and approval ratios. In addition to utilizing the Envestnet | Yodlee Financial Data Platform, lenders can now leverage alternative financial data through the Risk Insight solution to create an enhanced risk profile of borrowers and apply those findings immediately in their current underwriting process.
With Envestnet | Yodlee Risk Insight, the current information useful to lenders to make an informed decision is gathered electronically and transmitted directly to them, saving both lenders and borrowers time and effort, reducing underwriting costs for the lender, and improving the lending application process as a whole. The features of the offering include:
“By introducing this new solution we are essentially enabling lenders to make more informed underwriting decisions, and ultimately improving approval rates to help mitigate credit losses,” said Terry McKeown, Practice Manager, Credit Analytics at Envestnet | Yodlee. "Our solution is fast, comprehensive, and precise. We’re looking forward to seeing the results for financial institutions on our platform as they begin to use the data provided by the Risk Insight API.”
For more information about Envestnet | Yodlee Risk Insight, please visit www.yodlee.com or join our “Product Development Using Data” panel at LendIt USA on April 11th in San Francisco.
About Envestnet | Yodlee
Envestnet, Inc. (NYSE:ENV) is a leading provider of unified wealth management technology and services to investment advisors. Our open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance, and value. Envestnet solutions enable the transformation of wealth management into a transparent, independent, objective, and fully-aligned standard of care, and empower advisors to deliver better outcomes.
Envestnet | Yodlee is a leading data aggregation and data analytics 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 Envestnet | Yodlee platform to power personalized financial apps and services for millions of consumers. Envestnet | Yodlee solutions help improve the speed and delivery of financial innovation, improve digital customer experiences, and drive better outcomes for our clients and their customers.
Envestnet | Yodlee is headquartered in Redwood City, CA with global offices in London and Bangalore. For more information, visit www.yodlee.com.
Media Contact: Margo Mendez-Penate margo.mendez-penate@teamlewis.com
1 Year YODLEE INC Chart |
1 Month YODLEE INC Chart |
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