Yodlee Announces Partnership With Nedbank

Yodlee Announces Partnership With Nedbank PR Newswire REDWOOD CITY, California, Sept. 6, 2012 -- Leading South African Bank Provides Personal Financial Management Tools Powered by Yodlee's Account Aggregation Technology REDWOOD CITY, California, Sept. 6, 2012 /PRNewswire/ -- Yodlee today announced a partnership with Nedbank to power personal financial management (PFM) solutions for their customers throughout South Africa and in their offshore locations. Nedbank's MyFinancialLife™ online offering is now available and, via Yodlee's account aggregation technology, consumers can calculate their net worth, analyze spending, budget, save for goals and more. Nedbank is Yodlee's first financial institution partner in South Africa, breaking new ground in providing personal financial management solutions to customers directly from a bank. "PFM is a relatively new concept in South Africa, but we have seen rapid adoption and consumer acceptance of aggregation-powered money management services," said Bill Parsons, head of global sales at Yodlee. "Through partnerships with leading institutions like Nedbank, we're getting significant traction in South Africa and are thrilled to bring smart PFM tools to over five million more consumers." Yodlee's account aggregation technology links account information from banks and non-banking service providers in a highly-secure environment. Nedbank's MyFinancialLife is a flexible, free PFM solution for individuals, families and micro-businesses.