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Episode 26

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Published on:

2nd May 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

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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About the Podcast

Driven by Data: The Podcast
Designed for Data Enthusiasts to hear from the Data & Analytics industry's thought leaders
Orbition Group is delighted to bring you this podcast series, which is designed for Data Enthusiasts, to hear from some of the most high-profile Data, Analytics and AI thought leaders from around the globe.

Each episode will detail the guests journey to the top while bringing unique insights, drawn from first-hand experience on the industry’s most trending topics.

This podcast was created as a way for our industry's most respected leadership figures from across the world to give back to the Data & Analytics community, by sharing; knowledge, experiences and ideas, to inspire, innovate and provide real-life use cases on the industries most pressing topics/challenges.

About your host

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Kyle Winterbottom

Founder of Orbition Group, a Search and Talent Solutions business that operates exclusively within the world of Data, Analytics & AI.

I am hugely passionate about enabling organisations to drive decisions and obtain value from the use of Data, Analytics & Artificial Intelligence.

As such, I believe it is imperative that as a community, we share; knowledge, ideas, real-life use cases and inspiration to collectively give back to our industry.

Given my fortunate position of speaking with hundreds, if not thousands of leadership figures within the global Data & Analytics community each year , I feel it is my duty to share the successes, failures, challenges and opportunities.

Therefore, I have positioned Orbition Group to be a facilitator of that knowledge sharing, through these podcasts, events we host and public speaking.