Intuit collaborates with Yodlee to provide financial data connections

Envestnet Yodlee, the data aggregation and analytics platform for financial services, and Intuit QuickBooks, the global leading provider of financial planning and accounting software, have formed a collaboration to provide aggregated financial data and information to small businesses in multiple countries around the world.

It said the collaboration will enable Intuit QuickBooks to leverage data feeds with new financial services providers as well as increase its presence in multiple countries over the next three years.

The partnership will see Envestnet Yodlee provide Intuit QuickBooks customers with the ability to connect to their banking data. It aims to allow self-employed and small businesses using the financial management software to “save time, reduce costs, as well as provide a complete view of their business’ finances, enabling them to make more informed business decisions”.

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.

“Our collaboration with Intuit QuickBooks is another example of Envestnet Yodlee helping to build a financial ecosystem that supports financial wellness and it enables access to digital innovation in markets across the globe.”

Steve Kemp, head of Financial Institution Partnerships – Australia and Emerging Markets, at Intuit QuickBooks, added: “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.

“We are excited to cooperate with Envestnet Yodlee to accelerate our mission of powering prosperity around the world.”