Banks can access software applications from 20 different financial technology firms with a new program from Yodlee Interactive that extends its FinApp app store.
Yodlee's Active Commerce Exchange service lets financial institutions use a wide range of applications for small business, wealth, retail, cards and mobile operations, the company announced Wednesday. The service is available to all financial institutions that use Yodlee's cloud platform.
Among the financial technology firms partnering with Yodlee are BillGuard, Execupay, and Xignite. Yodlee said that it plans to add more firms to the roster going forward.
"As trusted, long-term partners to major global financial institutions, we know first-hand the challenges they face trying to innovate in a complex legal and regulatory environment," Yodlee's general manager Joe Polverari said in a press release. "We're trying to help financial institutions meet those challenges by bringing together Yodlee's secure, certified platform and the dynamic developer community represented in ACE. Both financial institutions and their customers will benefit with ongoing, streamlined access to the digital financial services they are demanding."
Yodlee Interactive is an offshoot of Yodlee, a Redwood City, Calif., company that provides digital financial services and applications to over 600 companies.