Alkami Technology, a digital sales and service platform provider for financial institutions in the U.S., integrated with Yodlee to transition data aggregation services to the industry-standard Financial Data Exchange (FDX) Application Programming Interface (API).
Alkami’s integration with Yodlee expands its growing ecosystem of aggregator partnerships, helping financial institutions deliver broader connectivity, improved reliability and enhanced data sharing.
Delivered as a built-in capability of the Alkami Platform, these integrations support the industry’s transition to modern data-sharing standards. Using OAuth 2.0 authentication, the FDX API replaces screen scraping with a more efficient approach to financial data sharing.
“By building direct FDX API integrations with aggregators like Yodlee, we’re improving performance, strengthening security and creating a more connected experience for the financial institutions on our Platform,” Benjamin Conant, chief product officer at Alkami, said.
“Alkami and Yodlee share a commitment to helping financial institutions deliver secure, reliable digital experiences,” Jamie VanDegrift, chief client officer at Yodlee, said. “By bringing together Alkami’s Digital Banking Platform and our trusted data connectivity and intelligence, we are helping our clients move toward safer, more consistent ways for consumers to share and access their financial information. It’s a great example of how industry leaders can work together to provide impactful solutions for our clients and their customers.”
