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

<p>In Episode 26 of Season 3, of Driven By Data: The Podcast, Kyle Winterbottom is joined by Farouk Ferchichi, President Data &amp; Analytics at Envestnet Inc, where they discuss how Data &amp; Analytics is fuelling digital interconnectivity to help people live a more intelligent financial life, which includes;</p><ul><li>Being in the first playground of Chief Data Officers</li><li>The disruption which means organisations should be investing heavily into data &amp; analytics more than ever </li><li>The pressure on the financial ecosystem after SVB</li><li>The importance of hyper-personalisation in both service and product offering </li><li>What customers now want from their financial institution </li><li>The challenges that FS organizations are currently facing</li><li>The Data &amp; Analytics solutions that help address those challenges</li><li>The solutions to ensure that FS firms are meeting the constantly evolving needs of their customers</li><li>How they’ve built a global open-banking connectivity layer </li><li>The importance of being able to show the customer a 360 view of their financial situation </li><li>The creation of an anonymised national monetary database that holds roughly $5 trillion across 15-20% of US households&nbsp; </li><li>How Data Products are being leveraged to help people understand their current financial health</li><li>The relationship between hyper-personalization and data products</li><li>The benefits to the customer and the FS industry</li><li>Why large FS institutions are beyond chasing their digital competitors </li><li>Why the operating model is integral for organisations to take advantage of this interconnectivity opportunity </li><li>Why times of crisis provide an opportunity to simplify decision-making processes </li><li>The combustion of financial literacy improvements with digital savviness </li><li>The three things that all FS institutions should be considering to benefit the end consumer </li></ul><br/>