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American Express and Envestnet | Yodlee Announce Customer Permissioned Data Sharing Agreement to Enhance Digital Finance Management for Customers

June 8, 2023

American Express and Envestnet | Yodlee Announce Customer Permissioned Data Sharing Agreement to Enhance Digital Finance Management for Customers

The API-based integration will enable American Express customers to benefit from security, control and transparency when sharing financial data with their trusted financial service providers

NEW YORK – June 8, 2023 – American Express (NYSE: AXP) today announced an API-powered data access agreement with Envestnet | Yodlee, a leading data aggregation and analytics platform, that will provide new digital banking options for customers without compromising their account security and providing a seamless connection to financial tools that they trust, including apps that help manage finances and build wealth. Through this new arrangement, American Express customers will now more easily leverage their American Express account information to better manage their personal finances and business expenses through secure connections with a variety of applications they trust on the Envestnet | Yodlee platform.

Integrating Envestnet | Yodlee into American Express’ Account Financials API will empower customers to direct American Express to share their American Express account data in a secure and more seamless way. In doing so, it eliminates the need for credential sharing, improves data accuracy and reliability, and accelerates financial data access.

“This agreement will give our customers greater control over their financial data, expanding on American Express’ commitment to create secure and seamless digital experiences for an increasingly digital customer base, further enhancing the American Express customer experience,” said Danielle Cloud, Senior Vice President, Enterprise Data Governance & Platforms, American Express. “Providing consumers and small business owners with the help they need to better manage their financial lives without compromising the security and transparency they’ve come to expect with American Express and Envestnet | Yodlee .”

American Express’ Account Financials API allows customers to share their financial data, while also maintaining the privacy of their user credentials. The many benefits to American Express customers include:

  • Security – Supported by the OAuth2 protocol, the Amex Account Financials API provides customers with control over where and how their financial information is being accessed and shared.
  • Greater Reliability – Customer directed account information is shared in real-time.
  • Control and Transparency – Customers can clearly understand and manage their connections to financial service provider apps and have better visibility into where their data is going and what data is being shared.
  • Fewer Sign-on Disruptions – Thanks to the API integration, connections are more stable, and may last for longer periods of time, enabling easier sign-ons.

“Envestnet | Yodlee is excited to join forces with American Express to provide their customers with a reliable and simplified experience,” said Farouk Ferchichi, Group President, Envestnet Data & Analytics.  “By partnering with American Express, we can deliver innovative financial solutions that help American Express’ customers achieve their goals and improve their overall financial wellness.”

Technical integration between American Express and Envestnet | Yodlee is underway, and the two companies are working together to complete the majority of the migration for all in-scope U.S. services in 2023.

About American Express

American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress.

Key links to products, services and corporate sustainability information: personal cards, business cards and services, travel services, gift cards, prepaid cards, merchant services, Accertify, Kabbage, Resy, corporate card, business travel, diversity and inclusion, corporate sustainability  and Environmental, Social, and Governance reports.

About Envestnet

Envestnet is transforming the way financial advice is delivered through an ecosystem of technology, solutions and intelligence. By establishing the connections between people’s daily financial decisions and long-term financial goals, Envestnet empowers them to make better sense of their finances and live an Intelligent Financial Life™.  With more than $5T in platform assets – more than 106,000 advisors, 16 of the 20 largest U.S. banks, 47 of the 50 largest wealth management and brokerage firms, more than 500 of the largest RIAs, and thousands of companies, depend on Envestnet technology and services to help drive better outcomes for their businesses and for their clients.
Envestnet refers to the family of operating subsidiaries of the public holding company, Envestnet, Inc. (NYSE: ENV). For more information, please visit www.envestnet.com, and follow us on LinkedIn and Twitter (@ENVintel).

American Express and Envestnet are separate and unaffiliated firms. This release should not be construed as a recommendation or endorsement of any particular product, service, or firm.

Press Contacts

American Express

Aziza Johnson



Amy Norcini


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