Answer #1

What are the differences between Mint and Yodlee?
While Mint and Yodlee are indeed financial institution in existence to provide service to consumers, they are rather different entities.

Mint exists as one of the world’s leading online financial management services which allows its users to keep track of their bank accounts, credit cards, loan transactions, investments and other financial transactions through a single online portal for safety, security and convenience. Users can also create personal spending plans and budget ideas to help save money or monitor their outgoings more carefully. Uses of the site are also afforded the ability of manually entering check and cash transactions if they so wish. Mint is an organisation which has been the recipient of countless awards since its founding in 2006 for services to the financial world and consumer convenience.

Yodlee is and account aggregation service which acts as the engine powering sites such as Mint, allowing them to provide the services they offer to customers. In the year 2010, Yodlee acted as account aggregation engine for at least 150 of the world’s biggest financial institutions and online portals, including 32 banks in the United States of America alone. Other partners Yodlee supplies its services to include Mint, JP Morgan Chase, Amex, Yes Bank, Fidelity and countless others across the world.

The difference therefore, in the simplest terms possible, is that Mint provides an online service to customers, whereas Yodlee provides the service to Mint, allowing them to provide their subsequent services to the public. Without Yodlee, Mint would not be able to operate, though Yodlee does not require the presence of Mint for its own functionality.

Yodlee was originally founded in 199 by Professor Venka Rangan of the University of California, subsequently expanding exponentially as it continues to do today. The company headquarters originated its operations in California, namely Redwood Shores, though has furthered its offices any worldwide status with more recent office openings across the world in countries such as India and the United Kingdom.

Answered By: lindai [41 ]