ABN AMRO Partners With Yodlee To Provide Market-Leading Account Aggregation Services for Three Major U.S. Banks.Business Editors CHICAGO & REDWOOD SHORES, Calif.--(BUSINESS WIRE)--Aug. 31, 2000 Yodlee Continues To Widen Leadership Gap with Major Deals in the Global Financial Sector ABN AMRO ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) North America, Inc. and Yodlee.com, the pioneer and leading provider of account aggregation services, today announced a partnership to integrate Yodlee's Aggregation Platform with ABN AMRO subsidiaries LaSalle Bank in Chicago, Standard Federal Bank in Michigan, and European American Bank (EAB EAB Emerald Ash Borer (insect) EAB Environmental Appeals Board (EPA) EAB Educational Activities Board (IEEE) EAB Environmental Advisory Board EAB Egyptian American Bank ) in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . This is part of a multi-year agreement to utilize Yodlee's technology as the foundation for new consumer services and applications across several leading ABN AMRO banks on the East Coast and in the Midwest. "We recognize that people have relationships with multiple service providers, and we want to help make our customers' lives easier by providing them a complete view of their personal online information, which aggregation makes possible," said Harrison Tempest, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ABN AMRO North America, Inc. "We researched these capabilities carefully and believe that Yodlee's aggregation platform provides the security, scalability, and full range of features that meet our standard of excellence for our global customers." "Once the service is implemented, our customers will be able to view all of their personal online information at one site, even services that are not affiliated with our bank and no matter what types of companies they are," added Mr. Tempest. "In addition to financial services, customers also might include air miles, news and information services See Information Systems. , shopping, e-mail or other lifestyle services. A primary benefit is avoiding the inconvenience of visiting multiple Web sites and keeping track of multiple passwords." Account aggregation has become a strategic imperative in online financial services. Yodlee's account aggregation platform will give consumers centralized, secure access to all their personal online accounts, including bank balances, investments, e-mail, travel reservations, reward programs, news headlines and more, at the sites where they already conduct their banking business. By having a consolidated view of all their personal accounts, users can interactively manage and act upon their entire financial portfolio all from one easy-to-use interface. "Yodlee is building a platform on the Internet for secure management of personal information, which users can easily control and access from any PC or wireless device," said Anil Arora, CEO of Yodlee.com. "Through our strategic partnership with a reputed global financial institution like ABN AMRO, we can offer consumers a compelling, new way to track their personal finances and manage their lives online." The Yodlee-powered services will provide users with a convenient, summarized view of all their personal information and secure, one-click access to all their financial and non-financial accounts. Users will be able to log-in to many sites directly from the banks' web sites at www.eab.com, www.lasallebank.com, or www.standardfederalbank.com, without having to re-enter re·en·ter also re-en·ter v. re·en·tered, re·en·ter·ing, re·en·ters v.tr. 1. To enter or come in to again. 2. To record again on a list or ledger. v.intr. their user ID and password each time. About ABN AMRO North America, Inc. In North America, ABN AMRO has $172 billion in assets and more than 19,000 employees. With its North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. headquarters in Chicago, ABN AMRO has banking offices in 13 cities in the U.S., Canada and Mexico. Major North American affiliates include ABN AMRO Incorporated, a full-service investment banking, advisory and brokerage firm; ABN AMRO Asset Management (USA) Inc.; as well as Chicago's LaSalle Bank, Standard Federal Bank in Michigan and EAB in New York. About Yodlee.com Yodlee.com is the pioneer and leading provider of personal account aggregation services on the Internet. Yodlee's Aggregation Platform is powering the next-generation personal services personal services n. in contract law, the talents of a person which are unusual, special or unique and cannot be performed exactly the same by another. These can include the talents of an artist, an actor, a writer, or professional services. to be offered by over 40 co-brand partners, including AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. , Intuit, AltaVista, Palm.Net, and many others. Yodlee-powered services are revolutionizing the way consumers manage their online lives by providing dynamic summaries and one-click access to personal account information -- including bank balances, travel reservations, e-commerce sites, email, news, and more -- from thousands of leading Web sites. Users can access their personal information from any PC, PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). , or web-enabled telephone. Yodlee.com is backed by venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] Accel Partners and Sequoia Capital and an elite group of private investors, which includes the founders of Hotmail, Junglee, and Exodus Communications. The Company is based in Redwood Shores, California Redwood Shores is an upscale and desirable [1] waterfront neighborhood on the San Francisco Peninsula in California. It is located on the eastern edge of Belmont, but is actually part of incorporated Redwood City. and can be reached at 650-980-3600 or toll-free at 877-296-3533, info@yodlee.com, or www.yodlee.com. Yodlee, Yodlee.com, and Yodlee2Go are trademarks of Yodlee.com, Inc. All other names and trademarks are the property of their respective owners. |
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