Yodlee Powers 85% of All Online Personal Financial Management

Yodlee's research shows that customers stay with financial institutions four times more often when they are provided PFM tools, demonstrating the tremendous value of PFM for consumers -- and for banks, many of which are struggling to retain customers. "There's nothing like a major downturn to boost demand for personal finance services," said Jim Bruene, author of the Online Banking Report. "There couldn't be a better time to launch PFM services."

Javelin Strategy & Research declared Yodlee PFM products "Best in Class," noting Yodlee stands out for developing PFM solutions that can change lives. Yodlee-powered PFM products help consumers gain control of their financial lives with easy, automated access to all of their financial accounts, including banking, brokerage, retirement, credit cards, loans, home values, insurance, bills, and more. With more than 11,000 available account sources and 100,000 different account types available through its patented data and payments utility, Yodlee provides the broadest, most reliable network of secure financial account data and tools available. Yodlee's PFM solutions also automatically categorize expenses, track spending, personalize budgets, provide interactive alerts and lets consumers take action, such as paying a bill and transferring money, either online or through a mobile interface.

"PFM is a win for everyone. For consumers, whether you choose to use PFM tools through your bank or through any of the non-bank portals, there's no easier way to gain control over your finances. For financial services providers in particular, PFM deepens customer relationships and trust, boosts retention by eliminating the need to go outside the bank to manage accounts and offers a personal, valued and necessary customer service in an uncertain economic climate," said Yodlee CEO, Anil Arora.

For more information about Yodlee PFM products, visit http://www.yodlee.com.