As American Banker points out well, portfolio company Quovo now has its hand not only in wealth management and banking but also in lending and insurance. Its offerings have become similarly versatile. Its new bank authentication API, for instance, requires only a few lines of code to be embedded into any website or mobile app.
"Our mission to help firms build strong, data-driven client relationships is shared by the smallest startups and some of the country's largest institutions," Putnam said in the release. “This new funding will enable us to build upon our success and help anyone trying to innovate or disrupt within financial services."