Envestnet | Yodlee vs Trovata TMS
Envestnet | Yodlee
yodlee.com
Trovata TMS
trovata.ioSide by side
| Figure | Envestnet | Yodlee | Trovata TMS |
|---|---|---|
| Price from | Free | $2,000/mo |
| Free plan | Yes | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | Yes | Yes |
| Plans published | 1 | 2 |
| Spec score · Bank Connectivity Software | 8.4 (#4) | 8.0 (#14) |
| Compliance | Yodlee says it undergoes an annual SOC 2 Type 2 assessment and is PCI-DSS 4.0.1 certified as a Level One Service Provider. | Trovata states that its secure cloud-based platform is SOC-1 Type 2 and SOC-2 Type 2 certified. |
| Product | Yodlee provides financial data aggregation for personal finance management, lending, and wealth management use cases. | Trovata TMS is a cloud-native treasury management system built on real-time bank connectivity and normalized financial data. |
| Security | Yodlee reports an annual SOC 2 Type 2 assessment, with the latest report available to clients and prospects under NDA. | Trovata states that production data is encrypted at rest with AES-256 and protected in transit with TLS 1.2 using Amazon Key Management Service for cryptographic keys. |
Plans
In their own words
Envestnet | Yodlee
Envestnet | Yodlee provides financial data aggregation for personal finance, lending, wealth management and other financial applications. Its API supports institution searches, account creation and updates, retrieval of aggregated data, and notifications when data changes. Account aggregation can combine balances, transactions, expense categories and information from bank, credit card and investment accounts. The product page describes more than 19,000 sources across accounts and loans; another stated coverage figure is more than 17,000 financial sources. FastLink is an embeddable browser tool for account linking with managed authentication. Transaction enrichment adds descriptions, merchant names, categories and geolocation. Developers can request refresh while a user waits or use daily background refreshes and webhook notifications. Supported institutions can use OAuth account connections with user consent. A free Sandbox after developer registration includes sample data for five preconfigured users, but does not support live-site linking or registering more sandbox users. The product page shows no price and directs prospective customers to request a demo; live data-source access requires contacting sales. Yodlee also says sensitive full account-number access requires Security Office approval.
Trovata TMS
Trovata TMS is a cloud treasury management system for teams handling cash across multiple banks, entities, and currencies. It connects to banks in real time and normalizes financial data, giving users prior-day and intraday cash positions. Forecasts combine historical trends, ERP inputs, and capital-markets activity, then compare projections with actuals. The platform centralizes bank accounts, signers, documents, and approvals, while automating account maintenance, compliance reporting, and fee analysis. Policy-based workflows support payment initiation, approval, and release, updating cash, forecasts, and accounting as transactions move. Reconciliation covers bank activity, payments, and ERP data, with journal entries for cash, interest, foreign exchange, and accruals. Trovata AI offers natural-language chat and agents for insights, narratives, anomaly detection, reconciliation summaries, and alerts. Integrations include NetSuite, Sage Intacct, Oracle Fusion, SAP, and FloQast, with APIs for other systems. It runs on web, iOS, and APIs.