Data aggregation and analytics platform Envestnet | Yodlee has collaborated with Intuit QuickBooks, which provides financial planning and accounting software, to provide aggregated financial data and information to small businesses in multiple countries.
By joining forces, Intuit QuickBooks said it will be able to leverage data feeds with new financial services providers, as well as expand into new territories over the next three years.
Envestnet | Yodlee will provide Intuit QuickBooks customers with the ability to connect to their banking data, meaning that the self-employed and small businesses will have a complete view of their finances.
Jason O’Shaughnessy, head of international business at Envestnet | Yodlee, said: “Through Envestnet | Yodlee’s collaboration, Intuit QuickBooks will provide its customers with a reliable and secure way to access their financial data.”
Among the companies using Envestnet’s technology are 17 of the 20 largest US banks, 46 of the 50 biggest wealth management and brokerage firms and more than 500 RIAs.
“Envestnet | Yodlee’s financial data network will support our ability to expand in multiple countries and provide our customers with secure and automated direct connections, which helps make their lives easier when it comes to reviewing their business’ performance and preparing for compliance,” added Steve Kemp, head of financial institution partnerships, Australia and emerging markets, at Intuit QuickBooks.
Jason O’Shaughnessy recently wrote for Open Banking Expo – read Insight: Participating in the next economic boom here.