Farouk Ferchichi Group President, Envestnet Data and Analytics at Envestnet
As the Consumer Financial Protection Bureau (CFPB) finalizes its Dodd-Frank Section 1033 rulemaking, the U.S. is on the brink of establishing an open banking ecosystem. While some smaller community and regional banks may perceive this as a compliance challenge, Envestnet recognizes the significant value a customer-centric open banking framework wi...
18 July 2023 /regulation /retail Open Banking
The CFPB paved the way for open banking rulemaking. Now is the time to expand on it. This year at Money 20/20, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra laid out plans to finalize open banking rulemaking, bringing the U.S. closer than ever before to developing an open banking ecosystem. If all goes according to plan, the CF...
19 January 2023 /wealth /retail Open Banking
By Farouk Ferchichi We are living in an age of unprecedented uncertainty. Inflation has spiked to its highest levels in over 40 years. The federal funds rate is 32 times what it was just a year ago. Volatility is spiking across a range of markets from currencies to bonds. According to “The Intelligent Financial Life National Study,” conducted by ...
20 October 2022 /wealth /retail Fintech
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