READ: What bad deeds have in common with bitter relationships Working with fintech: This is the second major data exchange agreement in the last six months for Envestnet | Mr. Yodlee. Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and analytics platform that showcases dynamic cloud-based innovations for digital financial services, and JPMorgan Chase have signed a data exchange agreement that provides the bank`s customers with the framework to share and use their personal financial information more securely and effectively to improve their overall financial valuation. The agreement makes it easier for consumers to access their Envestnet financial data | Yodlee Powered Services helps millions of Chase customers better manage their expenses, budgeting, savings and investments to improve their overall financial well-being. This agreement allows Chase customers to use these popular financial applications, which are | Yodlee to make better financial decisions while benefiting from greater security, with increased data connectivity and reliability. JP Morgan Chase has signed a data-sharing agreement with Envestnet | Yodlee offers its banking customers access to 1,200 third-party applications on Yotlee`s financial data aggregation platform. JPMorgan announced a similar agreement with another data aggregator, Plaid, in October 2018 and entered into a data-sharing agreement with Intuit in January 2017. Chidinma holds a degree in mass communication from the Caleb University of Lagos and a master`s degree in public relations. She strongly believes in the self-development she has volunteered with an NGO to develop child girls. She enjoys writing, reading and traveling. You can contact them via [email protected] Chase`s data exchange API, which complies with the financial data exchange standard. Chase and Envestnet | Yodlee is a member of the Board of Directors of the Financial Data Exchange, a non-profit organization dedicated to the Financial Industry Association to achieve a common, interoperable, free standard for safer and more convenient access to their financial data for consumers and businesses.
He added that while Jumia is leaving its activities in some African markets, it still sees opportunities in some, particularly in Ethiopia, because it allows the company and African shareholders to be located all over the continent and mentions institutional investors such as MTN and MasterCard who work with Jumia across the continent. Chase has now signed data contracts with a number of leading aggregators and fintech, including Finicity and Intuit, maker of TurboTax, QuickBooks and Mint. Chase and Envestnet l Yodlee plans to begin migration requirements in mid-2020 via the secure API, and other companies are at different stages of migration. Today, the secure API shares information for 3.8 million Chase customers. Envestnet was attacked this year when Sens. Ron Wyden, D-Ore. and Sherrod Brown, D-Ohio, and Rep. Anna Eshoo, D-Calif., urged the Federal Trade Commission in a January letter to investigate whether the sale of customer data to third parties was contrary to the FTC Act`s guidelines on unfair and deceptive practices. For more information about Envestnet, please visit www.envestnet.com and follow us on Twitter @ENVintel. JPMorgan Chase, headquartered in New York, is ranked by S-P Global as the world`s largest bank, with a total balance sheet of $2.6 trillion, and based on the total global balance sheet. Wells Fargo said it would begin its experience with Yodlee to select customers this year. The deal allows JPMorgan customers to use more than 1,200 financial applications backed by Envestnet Yodlee, with greater security, data connectivity and reliability, DePina said.
The deal is in part remarkable because JPMorgan CEO Jamie Dimon has previously said he will not allow the sale of bank data to third parties. It has been widely reported that Envestnet Yodlee sells data to hedge funds and others.
