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Integration of Credit Management and Aggregation helps consumers understand and manage their financial lives

Experian®, a global information solutions provider, and Yodlee, the world’s leading provider of aggregation data and solutions, today announced a strategic partnership to integrate and market their complementary products and services. Yodlee’s permission-based account aggregation service allows consumers to view, access and manage all of their financial accounts on one personalised web page. Experian will offer Yodlee’s solution to customers through its direct-to-consumer channels and Yodlee will incorporate Experian’s credit management tools into its network of account aggregation services.

“Given our mutual clients and the common interests of the consumers we serve, this partnership is a winning combination of business strengths,” said Alton Adams, president of Database Solutions for Experian. “By virtue of this strategic alignment, Experian becomes the first credit information provider to offer this powerful financial management tool to consumers.”

In the first phase of this partnership, Experian will offer Yodlee’s account aggregation solution to its existing direct-to-consumer services at http://www.experian.com and its affiliate sites. The addition of aggregation will provide Experian’s consumer customers with convenient centralised access to all of their financial accounts. Combining the two company’s services will simplify consumers’ increasingly complex financial lives by providing one consolidated view of their entire financial portfolios.


Yodlee will also integrate and market Experian’s industry leading credit management services into its network of aggregation services with leading financial institutions and portals. This enables Yodlee clients to offer their customers seamless access to Experian’s premium credit management services, including personal credit reports, credit scores, debt management tools and extensive credit education. Customers will also be alerted of any new activities on their credit file as a key preventive measure against identity theft.

“We are pleased to be partnering with Experian, the leading provider of credit management solutions that allow consumers to understand and manage their credit history,” said Anil Arora, Yodlee president and CEO. “This, combined with account aggregation, which allows consumers to understand and manage their current financial lives, makes this a best-of-breed solution that allows consumers to most effectively control their financial future.”

About Experian

Experian® enables organisations to find the best prospects and make fast, informed decisions to improve and personalise relationships with their customers. It does this by combining sophisticated and intelligent decision-making software and systems with some of the world’s most comprehensive databases of information on consumers, businesses, motor vehicles and property. Through multi-channel delivery of its Web-based products and services, Experian enables its clients to conduct secure and profitable e-business and develop state-of-the-art Customer Relationship Management (CRM) systems for communicating and building relationships with customers. Experian is a subsidiary of GUS plc and has headquarters in Nottingham, UK, and Orange, Calif. Its 12,000 people support clients in more than 50 countries. Annual sales are approximately .5 billion. For more information, visit the company's Web site at http://www.experian.com

About Yodlee

Yodlee is the world's leading provider of aggregation data and solutions. Yodlee’s secure, scalable Aggregation Engine enables financial institutions and portals to become a true online hub for their customers, increasing retention and loyalty, decreasing acquisition costs, and providing unprecedented new revenue opportunities through more personalised services and a deeper understanding of customers’ behaviour and individual financial needs. Yodlee-powered services are available at most of the leading global financial and portal sites, including AOL, Bank of America, Citibank, Fidelity, First Union, J.P. Morgan Chase, Merrill Lynch, Morgan Stanley, MSN, and Yahoo. Yodlee is headquartered in Redwood City, California and can be reached at http://www.yodlee.com

Contact:Simon Lees Yodlee

+44 (0) 20 7956 2770

simon@yodlee.com

Strategic Alliance International

+44 (0) 1494 434434

alexm or betha@strategicpr.net

Alex Murphy/Beth Axon

This press release was distributed by ResponseSource Press Release Wire on behalf of Strategic Public Relations Ltd in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.