Envestnet | Yodlee has acquired Abe AI for new Conversational AI solution

Envestnet | Yodlee has acquired Abe AI to enable Yodlee's new Conversational AI.

Envestnet is a leading provider of intelligent systems for wealth management and financial wellness.
With Envestnet | Yodlee Conversational AI, FSPs can connect with consumers on any device, using natural language processing across all major conversational ecosystems, to efficiently and effectively guide consumers down the path to financial wellness.
Envestnet | Yodlee is a leading data aggregation and data analytics platform. It powers cloud-based innovation for digital financial services. The new Conversational AI improves interaction between Financial Service Providers (FSPs) & their consumers and available to be fully integrated with Yodlee's financial wellness APIs and apps, other retail banking solutions. The integration will be available with Envestnet's wealth management offerings in the future.

Envestnet | Yodlee's Financial Wellness Solutions now allow FSPs leverage Conversational interfaces enabled by Abe AI. These Conversational AI enabled interfaces can connect FSPs with all major conversational ecosystems, including Amazon Alexa and Google Assistant. The consumers can use natural language and engage in dialog with their FSPs with the help of a recently acquired conversational solution from Abe AI.  Consumers will benefit from this state-of-the-art user experience and build better financial relationships with their FSPs thus improving their financial wellness.

Executive Opinion

Envestnet | Yodlee Senior Vice President of Product Management, Brandon Rembe,  said in a statement, "Conversational artificial intelligence will immediately complement our entire Envestnet portfolio, propelling financial data interactions and analytics to the next level. We believe adding industry-leading intent and entity recognition capabilities to our premiere data aggregation and analytics platform and financial wellness solution will be indispensable to the next generation of consumer financial offerings."