Envestnet invests in data, API solutions

Wealth-tech
giant
Envestnet
is
ramping
up
its
investment
in
data
and
analytics
to
increase
subscription-based
revenue
and
create
new
products. 
The
data
and
analytics
business
at
Envestnet,
which
generates
subscription-based
revenues
across
open
banking
and
alternative
data
offerings,
generated
revenue
of
$35
million
in
the
first
quarter,
down
8%
year
over
year,
partly
driven
by
[…]