L39 members Token and Envestnet | Yodlee team up for Open Banking
14th November 2017
Two Level39 members, Token and Envestnet | Yodlee have teamed up for a powerful offering of financial market data combined with PSD2-compliant payments.
The Envestnet | Yodlee platform and API has dominated the market in facilitating financial data for apps – and will now utilise Token’s proprietary operating system, TokenOS, to deliver that data to EU banks comprehensively and securely.
Steve Kirsch, CEO and Founder of Token, commented: “We are delighted to work with Envestnet | Yodlee to transform the future of banking. When it comes to PSD2, developers are not going to support hundreds of unique bank APIs; they will only write to one common API, maybe two. This means that banks that create their own proprietary API risk not being able to deliver the variety and freedom that customers expect in the digital age.”