Yodlee is getting in on the growing mobile P2P market. The Silicon Valley company, a technology and mobile banking provider for financial institutions, recently announced the launch of Yodlee MoneyMovement, an open platform that lets FIs offer services like account-to-account fund transfers, bill payment and P2P payments.
"With Yodlee MoneyMovement, we're extending our reputation as innovators, this time into payments and transactions, enabling faster, safer payments and transfers," said Yodlee's SVP of Products, Eric Connors in a statement.
Connors said the company designed, built and tested its platform in conjunction with the world's largest retail banks to be flexible, scalable, and extensible in response to the rapidly evolving payments landscape FIs are competing in now.
For more stories like this, visit the Mobile Banking research center.