Yodlee Interactive Launches NEXT, New Elite Partner Lifecycle Program; Sees 500 Percent Growth in Consumer Usage in 1st Half of 2013

Yodlee Interactive, the proven platform API for facilitating financial innovation, is proud to announce the launch of a unique partner lifecycle program called NEXT, which is designed to help promote and accelerate innovation by developers and companies working in the financial technology and services space. NEXT is a three-phase program, consisting of Incubation, Acceleration and Cultivation, which embraces the best entrepreneurs and companies across all stages. With the number of companies that rely on Yodlee Interactive for secure integration of financial data growing by over 30 percent in the first half of 2013 alone, the NEXT program seeks to bring startups, companies, and financial institutions together to develop and deliver rapid innovation and best-in-class services for consumers and businesses.
 
In the Incubation phase, early startups are given six-months of free access to Yodlee Interactive’s API, as well as mentorship from some of the industry’s brightest minds. Companies who show marked traction are invited into the Acceleration phase, gaining access into exclusive networking events with potential customers and otherwise difficult-to-reach financial institutions and analysts in the industry. Finally, the Cultivation phase brings Yodlee partners who are leaders in industry full circle, serving on an elite advisory board that helps steer the direction of the industry and the current needs around financial data and related information.
           
To learn more about NEXT by Yodlee Interactive and upcoming exclusive events, visit: http://www.yodlee.com/next-by-yi/
 
With the company’s platform reaching 500 percent more consumers in 2013, Yodlee Interactive is also announcing the newest batch of startups welcomed into the NEXT incubation stage: Persint, Rental Kharma, Retail Intel, and StockSmart. Each company is benefiting users in an innovative way: 
 
·       Persint: Helps answer the household questions of "where do I stand financially” while providing solutions for improving financial health. Persint’s analytics transform financial account data into objective, credible recommendations towards improving net worth, cash flow, and risk management.
·       Rental Kharma: Helps renters build credit with rent, reporting rental payment history to credit bureaus.
·       Retail Intel: Integrates with POS systems to automatically post sales into accounting packages such as QuickBooks, while providing in-depth analysis of a retail merchant’s store performance. 
·       StockSmart: Offers a different – Smarter – way to approach stock selection and portfolio management. StockSmart’s Smart Recommendations and Investment Strategy products make it much easier to make successful, fact-based decisions. StockSmart restores trust with research untouched by human hands: 100% objective, machine-made with artificial intelligence and a family of Finance Apps to make institutional-quality information widely available for the first time.
 
“Yodlee Interactive works with hundreds of the most innovative companies building consumer and business services that take the friction out of handling money and finances – from payments, to financial management, to stock portfolio tracking, to accounting and lending,” says Joe Polverari, General Manager of Yodlee Interactive. “NEXT is designed to bring these companies together with the best tools on the market, the highest-quality networking events, and the most promising opportunities to grow and innovate a business.”
 
Yodlee Interactive’s Application Programming Interface (API) provides secure access to users’ financial accounts, (i.e. banks, cards, investments, loans, bills, and rewards), delivering third party access to data from tens of thousands of financial institutions. The impressive growth of Yodlee Interactive’s API platform is shown in the success of the apps and services it supports. Some examples include Xero, Credit Karma, Venmo, WePay, LearnVest, Kabbage, Outright, ReadyforZero, and Personal Capital.
   
Yodlee Interactive is also experiencing extraordinary international growth, with over 20 percent of its customer base now located outside of the United States. The company has also announced two major international partnerships in as many months; Yodlee Interactive is now offering its API to companies taking part in two leading global incubators, including Level39 in the U.K., BlueChilli in Australia, and The Icehouse in New Zealand.
 
To become a Yodlee Interactive API partner or developer, please visit the developer page on the company’s website: http://www.yodlee.com/developers-and-alliances/.

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