February 17, 2020
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Everybody likes money, but nobody likes the inconvenience of having to visit different sites to manage all their accounts. Redwood City-based Yodlee has been aggregating financial data for its MoneyCenter users and partner companies since 1999, and is now expanding its developer services to include "Accelerator" and "Incubator" programs, both of which augment its existing API offerings.
Gyft opened its doors in 2012 with a focus on transforming plastic gift cards into their much more convenient--and transferable--digital equivalents. Now, it's turned its attention to the gaming industry that rewards players with points, rewards, credits and coins. But when players want to cash out, gamers and others need to avoid high transaction costs, as CEO Vinny Lingham told Sarah Perez of Techcrunch.
Consumers have been turning to third-party financial apps that seamlessly connect with their banks. To achieve true global connectivity in the age of the open financial web, a new standard for data sharing must be created, adopted, then actively governed under a framework of strict interoperability.