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Envestnet | Yodlee acquires financial data aggregation platform FinBit.io

Wednesday 26 February 2020 12:49 CET | News

US-based data aggregation platform Envestnet | Yodlee has acquired FinBit.io, a financial data aggregation platform provider for the India and Asia market.
FinBit.io describes itself as a data analytics platform that gathers and analyses financial bits of information for meaningful insights. The India-based company reported that its flagship product, Fin360, uses machine learning and AI to analyse bank transaction data at scale and serves a number of fintech companies and banks for their advanced credit analytics needs through a scalable API and UI.

Envestnet | Yodlee went on to add that in addition to acquiring FinBit.io, the company will lead Yodlee FinSoft, a wholly-owned subsidiary of Envestnet | Yodlee, to drive account aggregation business in India and other parts of Asia.

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Keywords: FinBit.io, Envestnet, Yodlee, financial data aggregation, financial analytics, fintech, account aggregation, India, Asia, API, UI, credit analytics, fintech, banks, AI, bank transaction data
Categories: Banking & Fintech | Payments General
Countries: India
This article is part of category

Banking & Fintech