BAI Webinar

Open Banking…
Opening the Door

to New Opportunities

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RECORDED: September 26, 2018
TIME: 12:00 - 1:00 PM CT

The reality is that financial services today is no longer a simple relationship between consumers and their financial institution. Now, it’s a growing ecosystem that includes telecoms and fintechs and other non-traditional banking organizations that are looking to expand their relationships with consumers by providing greater value and better customer experiences. In response, open banking is an opportunity for financial institutions to play a leading role in this ecosystem – helping them to be more responsive, innovative and more relevant in the lives of their customers.

In this complimentary BAI webinar, you will learn more about the opportunity open banking presents, including:

  • Open banking and its impact on banking strategy and technology
  • What steps need to be taken to move in this direction
  • Best practices around open banking
  • Case studies, lessons learned, and examples of success in open banking from across the globe

Craig Focardi
Senior Analyst
Celent, a division of Oliver Wyman

With a multi-disciplinary background in economics, finance, technology and marketing, Craig leverages his banking industry experience to advise and consult on business-led technology strategy and investment for financial institutions, technology providers and technology investment firms.

Craig's coverage areas include digital lending strategy, market sizing and technology selection across the credit lifecycle for all consumer credit products. Complementary coverage areas include analytics, digital content management and core system transformation. His advisory engagements have included core lending and banking system vendor selection for financial institutions, market feasibility and go-to market assessments for technology vendors, and technology provider acquisition due diligence for FinTech investors.

Craig is a frequent speaker and moderator at industry conferences, including BAI, Mortgage Bankers Association annual and technology conferences, and AFSA. He has also written dozens of bylined articles for Mortgage Banking Magazine, Lending Strategy (UK) and American Banker.

Craig began his career in economics and finance and marketing in the mortgage industry for lenders and IT vendors, including The Federal Home Loan Bank, The PMI Group, Wells Fargo, and CoreLogic. Craig then spent 16 years as a banking industry analyst at TowerGroup and CEB prior to joining Celent.

Craig received an M.A. in applied economics from the University of San Francisco and graduated with high honors from the State University of New York at Oneonta with a B.S. in business economics. Craig also attended Schiller University in Heidelberg, where he studied international trade. Craig holds the Certified Mortgage Banker (CMB) designation from the Mortgage Bankers Association.

Nilesh Vaidya
Executive Vice President
Capgemini Financial Services Banking and Capital Markets

Nilesh Vaidya is an executive vice president and globally leads Capgemini’s Financial Services Banking and Capital Markets consulting practice and solutions. During more than 17 years at Capgemini, he has become an expert when it comes to retail banking, wealth management, open banking, open source/application programming interfaces (APIs), blockchain technology and disruptive and transformative FinTech solutions. He is now applying his experience in helping financial services organizations respond to the wave of disruption that technology is bringing and create new business models. Vaidya earned an MBA at the Indian Institute of Management, Calcutta, and a Bachelor of Sciences degree in electrical engineering from the Indian Institute of Technology, Varanasi. Working from Capgemini’s New York offices, he resides in New Jersey with his wife and children.