FinDEVr APIntelligence

This post has been superseded at finovate.com.

FinDEVrSV16-LogoV2(wdate)Our FinDEVr New York developer showcase last week was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today and save.

On FinDEVr.com:

  • Envestnet | Yodlee Unveils its Risk Insight API.
  • Google’s Guide: New Book Explains How Google Manages its Cloud Infrastructure.

The latest from FinDEVr New York 2015 presenters:

  • OutsideIQ joins fintech accelerator, Bank Innovation INV, as an API partner. See OutsideIQ at FinovateSpring in San Jose next month.
  • Vix Verify opens new offices in Atlanta, Georgia’s Transaction Alley as part of American expansion.
  • Chase launches OnDeck-powered SMB Loan platform.
  • Praesidio ranks Top 10 Most Promising Cloud Banking Solution Providers of 2015.
  • API report covers Streamdata.io.
  • CryptoCoinNews takes a look at the recent funding for blockchain development platform, Stratumn.

Alumni updates:

  • CardFlight and Miura Systems Partner to Offer EMV and NFC Mobile POS Solution to the U.S Market.
  • PayNearMe facilitates users to pay for their taxes in cash.
  • BehavioSec, Nationwide, Unisys Team Up on Biometrics.
  • Crowdfund Insider interviews Cloud Lending CEO  Snehal Fulzele.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

Envestnet | Yodlee Unveils its Risk Insight API

EnvestnetYodlee_RiskInsight

Knowing more about who you’re lending to makes it a lot easier to provide the most appropriate loan. That’s the thinking behind the new Risk Insight API from Envestnet | Yodlee.

The Risk Insight API helps lenders bring more data to bear when it comes to making the lending decision quickly and more efficiently. The API automatically captures, aggregates, and digitizes user-permissioned data from more than 14,500 sources worldwide and turns it into a Risk Insight Report. More than 80% of the data is from direct feeds from major FIs and includes income, cash flow, and credit card data, as well as outstanding loans and investments and bill payment history. For lenders, this additional information helps produce more profitable and less risky credit decisions.

Yodlee_FinDEVrSF2015_stage

Pictured: Deven Maru, Director, Senior Product Manager, Mobile Platform, Yodlee Interactive introducing Yodlee Rapid Development Kit at FinDEVr San Francisco 2015.

Quoted in FierceFinanceIT, Terry McKeown, practice manager, credit analytics at Envestnet | Yodlee explained, “This is information that is able to provide a more holistic view of that customer’s or small business’s financial health because lenders are able to gather more data sources that are not typical in your standard bureau score.”

The technology is currently being deployed with “several early adopters” who are expected to go live soon. The solution consists of the Risk Insight API, as well as Application Capture Flow and a Report/Disclosures features.

Yodlee was acquired by Envestnet last fall. The company presented its financial data platform and rapid development kit at FinDEVr 2015 in San Francisco, and released its new, “simpler, more intuitive” RESTful API architecture in February Acquirer Envestnet made its Finovate debut at FinovateEurpoe 2016 in London, demoing its Advisor Now, digital advice portal. The company announced a new strategic partnership with Vanguard last month, shortly after picking up a pair of honors at the 2016 Family Wealth Report award.

FinDEVr APIntelligence

This post has been superseded at finovate.com.

FinDEVrSV16-LogoV2(wdate)Our FinDEVr New York developer showcase last week was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today and save.

Developer news:

On FinDEVr.com:

  • Blockchain Dev Platform Stratumn Lands $670,000 in Seed Investment.
  • Bluefin Payment Systems Raises $6 Million in Growth Equity Financing.

The latest from FinDEVr New York 2015 presenters:

  • OutsideIQ Chosen To Participate In Brazilian Innovation Summit.
  • Investment News looks at how Betterment has added data aggregation, and considers Vanguard’s partnership with Envestnet|Yodlee.
  • PayPal’s Braintree Auth launches to bring its payments platform to more merchants, service providers.
  • Avoka and eSignLive partner to enable 100% digital customer acquisition.
  • Markit unveils new Common Reporting Standard (CRS) solution for tax residency identification and due diligence.

Alumni updates:

  • New strategic partnership connects Klarna’s checkout solution with Modo’s digital payments hub.
  • Santander and Kabbage Partner to Bring Same-Day Funding to U.K. SMEs.
  • Barlow Names Xero TaxTouch Most Innovative At 2016 Banking Technology Awards.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

FinDEVr APIntelligence

This post has been superseded at finovate.com.

FinDEVrNY16-V2(wdate)We’re taking our FinDEVr developer showcase to New York on March 29 & 30, 2016. Register by Friday to save on early bird price and lock in your spot.

Developer news:

  • American Banker: BBVA Rehires a Co-Founder of Simple to Build Open APIs.

The latest from FinDEVr San Francisco 2015 presenters:

  • Ingo Money Partners with PayPal, adds instant check-splitting.
  • PayPal Unveils Carrier Partnerships & NFC Payment Capability.
  • Modo Payments Closes $2 Million in Funding.
  • PayPal unveils redesign of its Android and iOS mobile apps.
  • Envestnet | Yodlee teams up with South African API marketplace, Limitless.

Alumni Updates:

  • Bluefin Payment Systems and Worldnet Partner for PCI-Validated P2PE on the Worldnet Payment Platform.
  • Xero teams up with Google; bringing gmail and Google Apps for Work to its platform.
  • FirstBank to deploy multi-factor authentication technology, Transakt, from Entersekt.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.