SINGAPORE--(BUSINESS WIRE)--Yodlee, the leading platform for financial innovation, has announced the international release of Tandem, its collaborative financial management app, at the FinovateAsia conference. The announcement comes on the heels of Tandem’s victory in FinovateAsia’s coveted Best-of-Show awards, which recognize the best new financial software presented at the conference’s popular demonstration sessions.
Tandem is the first app to give groups of people a variety of collaborative and financial tools with which to manage shared finances. Its international launch means it is now available for financial institutions worldwide to incorporate into their mobile banking platforms.
“Tandem gives users unparalleled control of their shared financial relationships and allows banks to fully support those relationships for the first time,” said Anil Arora, Yodlee’s CEO. “We’re honored to have been acknowledged by the attendees of FinovateAsia with the Best-of-Show award, and we’re thrilled to see so much excitement around collaborative financial management in the international finance community.”
This award marks Tandem’s second straight winning appearance on a Finovate stage. The app also won Best-of-Show at this year’s FinovateFall conference in New York, beating out over 70 leading financial technology developers. The FinovateAsia award pitted Tandem against 34 competitors, and was voted on by payments titans like MasterCard and Visa, financial industry leaders like Credit Suisse, United Overseas Bank and UBS, and tech luminaries like Microsoft and Intel.
Tandem is the first app allowing users to establish secure “financial circles” of friends, family, business partners and advisors in which to manage and discuss shared finances. Members of a circle can then tag transactions for review, upload important financial information, complete a variety of account transfers and payments, and discuss various items in a shared space. Circle creators determine the level of access other members have to various accounts. For example, a parent could allow their college-age children to request and receive reimbursement for textbooks without directly accessing the family bank account.
The app is ideal for situations requiring secure communication, complex money movement and careful financial planning, even between people in different countries. Possible use cases include:
- Working with small- & micro-business partners
- Caring for elderly family members
- Setting budgets with spouses
- Communicating with financial advisors
- Managing a child’s finances, especially in college
- Making payments and account transfers to other countries
- Planning social engagements like group vacations and birthday dinners
- Tracking shared expenses with friends and roommates
“Most people have multiple shared finances in their lives, and Tandem makes managing those financial relationships easier than ever,” said Katy Gibson, Yodlee’s VP of applications, who presented Tandem at the conference. “In addition to simplifying existing financial relationships, we hope Tandem will generate interest and excitement around the benefits of financial discussion and responsible money management.”
For financial providers, Yodlee Tandem is an ideal app to engage customers in all verticals and to provide significant value around financial interactions. The app gives banks unprecedented insight into how their customers manage money and whom they manage it with, allowing them to address customer needs more accurately than ever.
To learn more about Yodlee Tandem, visit http://www.yodlee.com/yodlee-tandem/.
About Yodlee
Yodlee is the platform for financial innovation. More than 600 companies globally, including seven of the top ten US financial institutions rely on Yodlee to power personalized financial apps and services for millions of consumers, driving retention, engagement, and revenue. Leveraging the industry’s largest data platform, Yodlee also delivers real-time insight into consumer behaviors to create more dynamic interactions – anywhere, anytime, on any device.
Yodlee is headquartered in Redwood City, CA. For more information, visit www.yodlee.com.