Yodlee Powers 85% of All Online Personal Financial Management

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Tue Jun 16, 2009 8:00am EDT

Leading Banks and Portals Overwhelmingly Choose Yodlee

REDWOOD CITY, Calif., June 16 /PRNewswire/ -- With more than 17 million
Personal Finance Management (PFM) users worldwide, Yodlee, Inc. today
announced that usage of Yodlee-powered PFM solutions nearly doubled in the
last year as consumers rush to gain control over their finances. Yodlee's PFM
solutions are currently used by 6 of the top 10 U.S. banks, more than 100
leading financial institutions around the world and the most successful
non-bank PFM portals.

According to a new report by Javelin Strategy & Research, "The time is right
for banks and credit unions to transform and reinvigorate their online-banking
channel by making personal finance management tools the focal point of the
customer's online-banking experience." And, according to the Online Banking
Report, PFM is a top three "winning tactic" for banks in 2009.

Yodlee's research shows that customers stay with financial institutions four
times more often when they are provided PFM tools, demonstrating the
tremendous value of PFM for consumers -- and for banks, many of which are
struggling to retain customers. "There's nothing like a major downturn to
boost demand for personal finance services," said Jim Bruene, author of the
Online Banking Report. "There couldn't be a better time to launch PFM
services."

Javelin Strategy & Research declared Yodlee PFM products "Best in Class,"
noting Yodlee stands out for developing PFM solutions that can change lives.
Yodlee-powered PFM products help consumers gain control of their financial
lives with easy, automated access to all of their financial accounts,
including banking, brokerage, retirement, credit cards, loans, home values,
insurance, bills, and more. With more than 11,000 available account sources
and 100,000 different account types available through its patented data and
payments utility, Yodlee provides the broadest, most reliable network of
secure financial account data and tools available. Yodlee's PFM solutions also
automatically categorize expenses, track spending, personalize budgets,
provide interactive alerts and lets consumers take action, such as paying a
bill and transferring money, either online or through a mobile interface.

"PFM is a win for everyone. For consumers, whether you choose to use PFM tools
through your bank or through any of the non-bank portals, there's no easier
way to gain control over your finances. For financial services providers in
particular, PFM deepens customer relationships and trust, boosts retention by
eliminating the need to go outside the bank to manage accounts and offers a
personal, valued and necessary customer service in an uncertain economic
climate," said Yodlee CEO, Anil Arora.

For more information about Yodlee PFM products, visit www.yodlee.com.

About Yodlee
Leading financial institutions and portals trust Yodlee to power critical
online banking applications that increase profitability and drive more value
from the online channel. Yodlee's proven personal financial management,
payments, and customer acquisition solutions unify all personal financial
account information to deliver a simple, centralized and secure way for
consumers to manage all of their financial tasks anytime, anywhere. Yodlee
makes financial institutions' websites essential to their customers and
generates new deposit and revenue opportunities. Yodlee's patented data,
payments and risk management utility supports more than 11,000 account sources
and over 100,000 different account types. More than 100 leading financial
institutions and portals offer Yodlee-powered solutions to millions of
customers worldwide. Yodlee is headquartered in Redwood City, California. For
more information, visit www.yodlee.com.

Yodlee is a registered trademark of Yodlee, Inc. Yodlee PersonalFinance is a
trademark of Yodlee, Inc. All other products and services mentioned are the
property of their respective owners.


SOURCE  Yodlee

Erin Mitchell, RLM Public Relations for Yodlee, Inc., +1-212-741-5106 x233,
Yodlee@RLMpr.com
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