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Technology > Investment Platforms

Envestnet | Yodlee Launches Enhanced Developer Portal: Tech Roundup

By Jeff Berman

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What You Need to Know

  • Riskalyze and RightCapital enhanced their integration.
  • Cassini Systems analytics are being integrated into BlackRock’s Aladdin portfolio management platform.
  • Broadridge appointed fintech and financial services veteran Ray Tierney as president of its Itiviti electronic trading platform business.

Envestnet | Yodlee launched an enhanced developer portal that it said on Thursday provides an “enriched developer experience.”

The new offering “builds off” Yodlee’s platform to “advance the embedded finance ecosystem by accelerating the ability for developers to create hyper-personalized and actionable financial wellness experiences,” the company said.

The new developer portal follows what it says was “1500% growth” over the past 12 months in developer participation on Yodlee’s platform from fintechs and other financial service providers. That growth led to “hundreds of thousands of total activities on the platform and billions” of application programming interface (API) calls, it said.

The new, updated experience provides easier client onboarding, enhanced navigation and a streamlined approach to access financial data and API implementations for developers, “speeding up the go-to-market timeline,” the company noted.

“Simple-to-use tools, including an ever-growing library of samples, codes and apps, enable developers to rapidly test, integrate and get to market quickly while following proper data security and protocols,” according to the company. With Yodlee’s Quick Start offering, users of the developer portal can get up and running in under 24 hours, it said.

The developer portal experience also builds in access to Investment Data Enrichment, providing all users of the portal the ability to create premium wealth experiences, the company noted. The updated developer portal can be accessed now at developer.yodlee.com.

Separately, the company said it’s collaborating with data cloud company Snowflake to provide  its data analytics on Snowflake Data Marketplace, making the product easy to find and purchase, and allowing it to be more easily integrated into financial solutions.

As part of that deal, Envestnet | Yodlee’s data analytics products were made available immediately on the Snowflake Data Marketplace.

Riskalyze, RightCapital Enhance Integration

Riskalyze and RightCapital enhanced their integration, immediately providing financial advisors seamless access between the two digital tools, the firms announced on Wednesday.

RightCapital allows financial advisors and their clients to continuously refine their financial plans as life unfolds through services that include budgeting, Social Security withdrawal optimization, student loan, Medicare and estate planning needs.

“Our enhanced integration with RightCapital brings an even more streamlined workflow straight to advisor desktops,” Aaron Klein, Riskalyze CEO, said in a statement.

As a result of the integration, RightCapital clients have access to all of Riskalyze’s model portfolios with the company’s signature Risk Number displayed. Advisors can then import position-level account data into their RightCapital financial plans.

In the first six months of this year, “tens of billions of dollars in new assets under management (AUM) have been able to leverage Riskalyze,” according to the company. So far this year, Riskalyze has added more than 10,000 financial advisors to its platform, it noted.

Riskalyze and RightCapital will hold a joint webinar about the enhanced integration June 29 at 2 p.m. Eastern time.

BlackRock Adds Cassini Analytics to Aladdin

Cassini Systems analytics are being integrated into BlackRock’s Aladdin portfolio management platform, the firms said in a joint announcement.

The integration will allow mutual clients of the companies to factor margin-based analytics into their pre- and post-trade decision-making, they said.

Cassini’s margin analytics capabilities will empower traders, portfolio managers and operations professionals using Aladdin to “better understand and control margin requirements at all stages of the trade lifecycle,” the companies said in the announcement.

That includes the ability to “analyze drivers and movement in margin exposure, identify opportunities to optimize collateral, and maximize margin efficiencies across the entirety of a firm’s book of business,” they said.

The partnership builds on existing Aladdin derivatives capabilities that provide pre-trade margin comparison and collateral optimization.

The announcement was part of BlackRock’s multi-year investment in the Aladdin platform’s derivatives functionality to enable clients to comply with post-financial crisis regulations, including those subject to the Uncleared Margin Rules (UMR).

BlackRock and Cassini will first offer joint pre-trade initial margin capabilities in September, they said.

Broadridge Names New Trading Platform Exec

Broadridge Financial Solutions has appointed fintech and financial services veteran Ray Tierney as president of its Itiviti electronic trading platform business, it said on Wednesday.

Tierney has extensive experience on the sell side and buy side, and will be responsible for the management and growth of Broadridge’s front-office order execution management systems (OEMS) and connectivity solutions following its recently completed acquisition of Itiviti, the company said.

Tierney brings 35 years of capital markets experience to Broadridge and most recently served as global CEO of trading solutions at Bloomberg, where he led the design, development and operations of that firm’s global multi-asset, buy- and sell-side order management system.

He previously served as CEO and president of Bloomberg Tradebook and spent 18 years at Morgan Stanley.

Rob Mackay, CEO of Itiviti since 2019, will shift to the role of senior advisor.

Separately, Broadridge announced the successful launch of its distributed ledger repo (DLR) platform. Early participants of the blockchain-enabled platform are “realizing significant and immediate benefits of reduced risk, operational costs and enhanced liquidity, while also accelerating their digitization journey,” it said.

The launch follows the “success of multiple pilots with sell-side and buy-side firms,” Broadridge said.

Jeff Berman

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