MCLEAN, Va., Jan. 24, 2018 /PRNewswire/ -- Capital One
Financial Corporation (NYSE: COF) today announced an agreement
with eMoney Advisor, LLC, allowing Capital One customers to
securely import personal financial data to eMoney's financial
planning platform without sharing login credentials.
The agreement with eMoney utilizes Capital One's Customer
Transactions Application Programming Interface (API), enabling
customers to directly connect their Capital One account information
to eMoney's client portal. Customers will be able to use the API to
connect their accounts by early summer of 2018.
The Customer Transactions API leverages oAuth capabilities to
provide third parties with tokenized authorization to access
account information upon a customer's request, without requiring
the sharing of login credentials with a third party. The API
enables customers to utilize eMoney's tools in a way that is more
secure, with access always under the user's control.
"Our focus with this API has always been to ensure that our
customers can share their transaction data with the third parties
they trust in a way that is simple, secure, and always under our
customers' control," said Becky
Heironimus, Vice President of Enterprise Digital Products
and Data Connections at Capital One. "eMoney offers a suite of
products that we know our customers value, and we look forward to
working together to offer our customers transparency, security, and
peace of mind about how their data is shared".
As announced in November 2017,
eMoney is gradually implementing an API strategy to provide
end-clients with greater control of their financial data and
enhance their experience in the eMoney platform.
"We're pleased to launch this API with Capital One, offering
added value to nearly 30,000 shared clients who access eMoney
through a client portal provided by their financial advisors," said
Jess Liberi, head of product
management at eMoney.
Through the direct data-sharing API partnership, customers of
the two companies will benefit from access to accurate and stable
data, and increased transparency and control over how, when, and
with whom they choose to share their Capital One financial
transaction data.
About Capital One
Headquartered in McLean, Virginia, Capital One Financial
Corporation offers a broad spectrum of financial products and
services to consumers, small businesses and commercial clients
through a variety of channels. A Fortune 500 company, Capital One
trades on the New York Stock Exchange under the symbol "COF" and is
included in the S&P 100 index.
Capital One launched its Customer Transactions Application
Programming Interface (API) in 2017, providing its customers with
the ability to more safely and securely share their transaction
data with participating third party organizations that they trust.
Capital One has executed contracts for its Customer Transactions
API with Intuit, Abacus, eMoney Advisors, Expensify, Xero, and
Clarity Money.
Visit the Capital One newsroom for more Capital One news.
About eMoney Advisor, LLC
eMoney Advisor, LLC
("eMoney"), based in Radnor, Pennsylvania, is the leading scalable wealth
management technology developed for financial professionals, firms
and enterprises of all sizes. Rooted in collaborative financial
planning, eMoney's technology enables financial professionals to
build stronger client relationships, streamline business operations
and drive revenue and growth. Developed and perfected by 600
passionate, innovative and dedicated employees in three locations,
eMoney's solutions transform the wealth management experience for
nearly 50,000 financial professionals and 2.1 million end-clients
nationwide.
For more information, please
visit: www.emoneyadvisor.com.
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SOURCE Capital One Financial Corporation