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Sponsored by: Envestnet | Yodlee What is Financial Data Enrichment? The ability to access and analyse high-quality financial data is the future of financial services. However, transaction information currently collected by financial institutions is often ambiguous and riddled with letters, numbers, and symbols, which makes it difficult for consumers to recognise their own transactions. It also lacks categorisation, which makes it difficult for financial institutions to organise, analyse, and effectively use. Envestnet | Yodlee Transaction Data Enrichment solves these problems by turning ambiguous transaction information into clear, contextualised data. In addition to reducing customer support calls and fraud research costs, the categorised and contextualised data allows financial institutions and FinTechs […]

Sponsored by: Envestnet | Yodlee What is Open Banking? Open Banking encourages innovation and a new range of products that make it easier for consumers to budget, obtain credit, plan for the future, and more. With secure and clean financial data in hand, the possibilities for innovation are unlimited – for innovators, financial institutions and consumers alike. Open banking also has the potential to engage smaller financial institutions and FinTech startups to better compete on cost of service and quality of customer experience. What’s happening with Open Banking in Australia? Over the past few years, the concept of open banking has been rapidly developing in Australia and around the world […]