Envestnet Yodlee Acquires Conversational Banking Startup Abe AI

“Envestnet | Yodlee, the data aggregator and analytics provider, announced last week that it has acquired conversational banking software startup Abe AI. The Abe AI technology was apparently already incorporated into some of Yodlee’s APIs and banking solutions and will be added to Envestnet’s wealth management offerings in the future. The announcement summarizes the benefits for Yodlee’s Financial Service Provider (FSP) customers:

‘Using natural language processing specifically tailored to financial services, Envestnet | Yodlee Conversational AI enables FSPs to connect directly with consumers across all major conversational ecosystems, including Amazon Alexa and Google Assistant. The recently acquired Abe AI…will enable consumers to speak naturally and engage in human-like dialogue with their FSP.'”


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