May 02, 2023

S3 | Ep 26 | Harnessing Data and Analytics to Help People Live a More Intelligent Financial Life™ with Farouk Ferchichi, President Data & Analytics at Envestnet Inc

51 minutes

In Episode 26 of Season 3, of Driven By Data: The Podcast, Kyle Winterbottom is joined by Farouk Ferchichi, President Data & Analytics at Envestnet Inc, where they discuss how Data & Analytics is fuelling digital interconnectivity to help people live a more intelligent financial life, which includes;

Being in the first playground of Chief Data Officers
The disruption which means organisations should be investing heavily into data & analytics more than ever
The pressure on the financial ecosystem after SVB
The importance of hyper-personalisation in both service and product offering
What customers now want from their financial institution
The challenges that FS organizations are currently facing
The Data & Analytics solutions that help address those challenges
The solutions to ensure that FS firms are meeting the constantly evolving needs of their customers
How they’ve built a global open-banking connectivity layer
The importance of being able to show the customer a 360 view of their financial situation
The creation of an anonymised national monetary database that holds roughly $5 trillion across 15-20% of US households
How Data Products are being leveraged to help people understand their current financial health
The relationship between hyper-personalization and data products
The benefits to the customer and the FS industry
Why large FS institutions are beyond chasing their digital competitors
Why the operating model is integral for organisations to take advantage of this interconnectivity opportunity
Why times of crisis provide an opportunity to simplify decision-making processes
The combustion of financial literacy improvements with digital savviness
The three things that all FS institutions should be considering to benefit the end consumer

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By Orbition Group

3.9

77 ratings

May 02, 2023

S3 | Ep 26 | Harnessing Data and Analytics to Help People Live a More Intelligent Financial Life™ with Farouk Ferchichi, President Data & Analytics at Envestnet Inc

51 minutes

Being in the first playground of Chief Data Officers
The disruption which means organisations should be investing heavily into data & analytics more than ever
The pressure on the financial ecosystem after SVB
The importance of hyper-personalisation in both service and product offering
What customers now want from their financial institution
The challenges that FS organizations are currently facing
The Data & Analytics solutions that help address those challenges
The solutions to ensure that FS firms are meeting the constantly evolving needs of their customers
How they’ve built a global open-banking connectivity layer
The importance of being able to show the customer a 360 view of their financial situation
The creation of an anonymised national monetary database that holds roughly $5 trillion across 15-20% of US households
How Data Products are being leveraged to help people understand their current financial health
The relationship between hyper-personalization and data products
The benefits to the customer and the FS industry
Why large FS institutions are beyond chasing their digital competitors
Why the operating model is integral for organisations to take advantage of this interconnectivity opportunity
Why times of crisis provide an opportunity to simplify decision-making processes
The combustion of financial literacy improvements with digital savviness
The three things that all FS institutions should be considering to benefit the end consumer