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Farouk's blog archive

2023 (2) 2022 (1)
Farouk Ferchichi

Farouk Ferchichi

Group President, Envestnet Data and Analytics at Envestnet
Posts: 3 Comments: 0


Open Banking

Embracing Open Banking for Small Banks

18 Jul 2023

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...

Open Banking

The U.S. is One Step Closer to Making Open Banking a Reality

19 Jan 2023

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...



We Must Accelerate Open Banking to Help Withstand Today's Economic Volatility

20 Oct 2022

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 ...