CBA Team Contact
Filippo Scognamiglio, Principal, The Boston Consulting Group
ABOUT THE WEBINAR:
Open Banking is the movement to enable digitally-focused companies to leverage traditional banking services - from access to basic account information to complex multi-party cross-border transactions - in real-time and with little or no human intervention.
As brick-and-mortar branch traffic is replaced by online traffic to bank websites, US banks are becoming increasingly reliant on third-party platforms, hence the need for "open" platforms. Open platforms create new opportunities for banks, but also come with risks.
Furthermore, customers are increasingly focused on frictionless payments (e.g., Uber) and experiences. There is a risk that financial institutions are becoming more utility-like when competing directly with FinTech payment startups and established firms.
Finally, aggregators are becoming a safety concern for client information, a direct cost, and an intermediation threat for banks. Banks are combating the threat of aggregators (such as Mint.com) by developing Secure Data Exchanges (based on API technology).
This webinar will address key questions on Open Banking, including how different banks are trying to solve the customer experience puzzle, and how banks are reacting to the threat of aggregators.
THIS WEBINAR WILL COVER:
TOP BENEFITS TO ATTENDEES:
Filippo joined The Boston Consulting Group's New York Office in September 2010. He is a core member of the Technology Advantage Practice Area, focusing on the Financial Services sector (banking, payments, insurance). He is a BCG Strategy Institute alumnus, class of 2013. Filippo leads Open Banking topic development for BCG globally. He has successfully executed two major Open Banking engagements for leading global financial institutions.
Before joining BCG, Filippo worked for the Milan office of Roland Berger Strategy Consultants. Prior to that, he participated in a successful IT startup venture (Neptuny - now part of BMC Software), where he focused on developing one of Europe's largest banking accounts.
Filippo earned his MBA with Beta Gamma Sigma and Dean's List honors from Columbia Business School in 2010 and received a B.S. in Computer Engineering from Politecnico di Milano in 2004.