Vixio Case Study with Evenstnet | Yodlee Demonstrates How Open-Banking Company Uses Vixio PaymentsCompliance to Ensure Compliance in South Africa Expansion

LONDON, 15th May 2024 – Vixio, a leading provider of regulatory intelligence solutions, has released a new case study with Envestnet | Yodlee, a global leader in open banking, data aggregation, and analytics, that examines how Envestnet | Yodlee is using Vixio’s PaymentsCompliance Horizon Scanning tool to inform compliance for company expansion into South Africa.

Envestnet | Yodlee delivers products and services that are trusted by more than 1,400 financial institutions and FinTech companies, including 17 of the top 20 U.S. banks. Established in the U.S. originally, the company has expanded its operations to the U.K., Canada, Australia, and India. As it sets its sights on South Africa, the need to stay compliant with rapidly evolving regulations has become paramount. To address this challenge, their open banking compliance team has integrated Vixio's Horizon Scanning tool into their compliance framework.

"We're seeing more and more countries develop open banking regulations, and we need someone that we can go to who provides horizon scanning or provides that easily obtainable information. I can just go to Vixio, and I can go to my dashboard that I've been able to curate, which pulls up these articles and information that I need. So, I can better track what is happening in South Africa.," explains Kat Cloud, Principal Director of Open Banking Compliance for EMEA at Yodlee.

Vixio's Horizon Scanning tool, part of the PaymentsCompliance platform, offers real-time updates on regulatory deadlines and trends in over 140 jurisdictions worldwide. It provides comprehensive supporting documents, including speeches, guidance, and consultations, with English summaries.

According to Cloud, Vixio's tool has been a game-changer. It saves time by mapping out the regulatory requirements of different countries and highlighting the key sections that compliance professionals need to focus on. 

Cloud says, “You need to read a lot of information to make sure that, as a company who's regulated, you’re following the rules. Because if you mess up, it could be hugely detrimental to your company.”

As Envestnet | Yodlee expands its global presence, the partnership with Vixio reinforces its commitment to compliance and regulatory excellence. By leveraging Vixio's expertise and innovative tools, Envestnet | Yodlee is well-equipped to navigate South Africa's regulatory landscape and continue delivering trusted solutions to its clients.

To learn more about simplifying compliance management with Vixio’s award-winning regulatory intelligence solutions, visit vixio.com. 

‍About Vixio Regulatory Intelligence

Vixio is a regulatory technology (RegTech) provider for the ever-evolving payments and gambling industries. Vixio equips the world’s leading brands with actionable regulatory intelligence in 180+ jurisdictions globally. Combining award-winning technology with unparalleled expertise, Vixio’s GamblingCompliance and PaymentsCompliance platforms assist organisations in making strategic decisions, discovering new markets, and minimising compliance risk by taking the heavy lift out of regulatory monitoring. For more information, visit  www.vixio.com  or follow Vixio Regulatory Intelligence on LinkedIn.

‍About Envestnet | Yodlee

Envestnet^® | Yodlee^® is a global leader in open banking, data aggregation, analytics, and alternative data. Delivering data from over 17,000 data sources, Yodlee’s innovative products and services enable actionable insights across personal financial management tools, credit and lending workflows, fraud detection and identity verification, and small and medium-sized business tools that help institutions and consumers achieve better financial outcomes. More than 1,300 financial services and fintech companies worldwide, including 17 of the top 20 U.S. banks, rely on Yodlee’s global network which fuels our proprietary data science driven tools to empower financial services today-and tomorrow. For more information about Yodlee, please visit www.yodlee.com and follow us on Linkedin and X. Envestnet refers to the family of operating subsidiaries of the public holding company, Envestnet, Inc. (NYSE: ENV).