Yodlee is launching a new service making online banking applications available via mobile phones.
The Yodlee Mobile service will enable secure account access and transactions, including bill payments and funds transfers.
Yodlee says the service will provide a concise presentation of personal account data for each consumer, regardless of application, data source, or mobile device. After securely logging-in, consumers can check account balances, view transactions, and receive fraud monitoring alerts.
The service also extends Yodlee MoneyCenter – an integrated suite of consumer banking applications – to provide mobile bill pay, and mobile funds transfer capabilities.
Yodlee Mobile enables financial institutions to increase adoption and usage of online banking applications, said Peter Hazlehurst, senior vice president of product development at Yodlee. By allowing consumers to access and manage their accounts from anywhere, financial institutions can extend their brand and increase the value and frequency of customer communications.
Yodlee has an alliance with wireless carrier Vodafone in the UK and is forming similar partnerships in the US and Europe to help ensure seamless transmission of data across all wireless networks.