Yodlee, a provider of personalized financial apps and services, has been awarded its 50th technology patent related to financial gadgets.

"We have invested significantly in creating a unique, scalable technology platform that delivers both bank-level security and a flexible apps-based approach for quick innovation," Anil Arora, president and chief executive officer of Yodlee, said in a statement.

"We are thrilled with the rapid growth and adoption of Yodlee-powered services, and also with our 50th patent, which validates the forward-thinking DNA upon which Yodlee was founded," Arora added.

The new financial gadget patent further differentiates Yodlee's platform in how its technology collects, consolidates and presents financial transactional data to consumers and companies via certified FinApps.

A FinApp provides an expression of a user's financial data for a specific purpose, such as expense management, debt analysis, investment tracking, credit monitoring or tax filing. It brings an app-based approach to financial management, enabling a truly personalized experience based on wide array of money management needs, priorities and objectives.

Yodlee's FinApps are certified by Yodlee for security and delivered through customers' digital experiences.

The new patent announcement is a testament to Yodlee's dynamic, cloud-based platform, which powers services for seven of the top 10 U.S. financial institutions and hundreds of other digital players, speeding innovation in banking and personal finance management (PFM) by delivering interactive, personalized financial services based on real-time transactional data. The new patent covers a process in which a financial app is certified and selected by the user, receives the user's financial data, and provides the user information (output). Company statement clarified that with this, users can revoke the application's access to their data at any time.

Yodlee is headquartered in Redwood City, California. In other news, the company received a 2013 Honorable Mention in the Industry Partner category for the sixth annual Monarch Innovation Awards by Barlow Research Associates.