Envestnet | Yodlee Recognizes Citi FinTech Global Open Banking, FinTech Sandbox and Domuso for Outstanding Innovation at 2019 Benzinga Fintech Awards

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Nov 20, 2019, 20:28 ET

NEW YORK, Nov. 20, 2019 /PRNewswire/ -- Last night, at the 5th annual Benzinga FinTech Awards, Envestnet | Yodlee, a leading data aggregation and data analytics platform for digital financial services, and official partner of the event, announced three organizations as recipients of Envestnet | Yodlee FinTech Innovation Achievements. This exclusive award honors organizations in three categories who go above and beyond to create progress for the entire FinTech ecosystem through innovative thinking, outstanding technology and trailblazing business strategy.

Recipients of the Envestnet | Yodlee FinTech Innovation Achievements are as follows:

Citi –

Citi FinTech – for driving innovation, financial wellness, and Open Banking strategic partnerships
Citi Developer Hub – for creating communities and ecosystem networks to solve financial problems

FinTech Sandbox – for influence across the FinTech ecosystem to solve financial problems and provide financial wellness solutions to the underserved
Domuso – for unique use of financial data and market traction

"The Benzinga Global Fintech Awards have always been about celebrating innovation," said Patrick Lane, Benzinga's Vice President of Strategic Partnerships. "Our goal is to put early-stage startups next to unicorns and institutions and showcase how each part of the ecosystem works to propel the industry forward. Our third-party judge's panel, comprised of industry veterans, grade each company based on criteria such as the significance of the problem their product solves and how adept it is at doing so."

With a focus on enabling innovation that drives financial wellness, Envestnet | Yodlee has worked with leading financial institutions and FinTechs for more than 20 years, providing the world's most comprehensive and accurate financial data with cutting-edge data intelligence and analytics.

"At Envestnet | Yodlee, our team of experts and developers have seen all sorts of innovation in FinTech, so I believe we're uniquely equipped to evaluate greatness in our ecosystem," said Christine Loredo, Envestnet | Yodlee's Vice President of FinTech Evangelism. "We partnered with Benzinga this year to ensure that the FinTech world is aware of the magnitude of the contributions made by these three organizations.

Envestnet | Yodlee has a deep footprint in fostering FinTech start-ups and early-stage entrepreneurship. Through its Envestnet | Yodlee Incubator, the company has provided guidance and mentorship to startups and their founders to drive innovation in the FinTech industry. Leveraging Envestnet | Yodlee's financial data platform capabilities and the team's vision and assistance, Incubator graduates have gone on to achieve success across many critical benchmarks. Forty early-stage startups have come through the Incubator, 32 of which are still active, and these firms have raised over $100 million in venture capital.

About Envestnet | Yodlee

Envestnet, Inc. (NYSE: ENV) is a leading provider of intelligent systems for wealth management and financial wellness. Envestnet's unified technology empowers enterprises and advisors to more fully understand their clients and deliver actionable intelligence that drives better outcomes and improves lives.

Envestnet Wealth Solutions enables enterprises and advisors to better manage client outcomes and strengthen their practices through its leading Wealth Management Operating System and advanced portfolio solutions. Envestnet | Tamarac provides portfolio management, reporting, trading, rebalancing and client portal solutions for registered independent advisors ("RIAs"). Envestnet | MoneyGuide provides goals-based financial planning applications. Envestnet Data & Analytics enables innovation and insights through its Envestnet | Yodlee data aggregation platform.

More than 100,000 advisors and more than 4,700 companies including: 16 of the 20 largest U.S. banks, 43 of the 50 largest wealth management and brokerage firms, over 500 of the largest RIAs and hundreds of internet services companies, leverage Envestnet technology and services. Envestnet solutions enhance knowledge of the client, accelerate client on-boarding, improve client digital experiences and help drive better outcomes for enterprises, advisors and their clients.

For more information on Envestnet, please visit www.envestnet.com and follow us on twitter @ENVintel.

About Benzinga

Benzinga is a dynamic and innovative financial media platform that empowers investors with high-quality, unique content with the goal of making information easier to consume. Benzinga's mission is to connect the world with news, data and education that makes the path to financial prosperity easier for everyone, everyday.

Benzinga is the leading full-service, one-stop shop for investors of all stripes and styles.

SOURCE Benzinga