NCFAs innovation and funding ecosystem

TD Bank enters data access agreement with Envestnet Yodlee

Open Banking Expo | Ellie Duncan | Sep 22, 2021

data access - TD Bank enters data access agreement with Envestnet YodleeToronto-headquartered TD Bank and California-based Envestnet|Yodlee have signed a North American data access agreement that means the bank’s customers will be able to connect their financial information to the more than 1,400 third-party applications powered by the Envestnet|Yodlee financial data aggregation platform.

Under the agreement, should a customer request it, TD Bank will transfer the individual’s financial data to Envestnet | Yodlee through APIs, removing the need to share their banking login ID or password.

See:  Lack of open banking framework forcing Canadian consumers to choose between convenience and security, TD exec says

“We know that our customers are interacting with us through digital channels more than ever before and we are focused on helping meet their needs however they choose to bank,” Franklin Garrigues, VP, digital channels at TD added.

TD Bank has become the 13th US bank to sign such a data access agreement with Envestnet|Yodlee.

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NCFA Jan 2018 resize - TD Bank enters data access agreement with Envestnet Yodlee The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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