Total Credits: 1.0 CLE
This seminar will discuss what is "open banking", emerging trends in the industry, regulatory and legal considerations, and the challenges and risks of open banking.
| Open banking Panel HO.pdf (5.4 MB) | 22 Pages | Available after Purchase |
| INSTRUCTIONS FOR COMPLETING SEMINAR AND RECEIVING CLE CREDIT.pdf (8.3 KB) | 1 Pages | Available after Purchase |
Elena is Of Counsel in McGlinchey Stafford’s Birmingham office. Elena focuses her practice on data privacy and cybersecurity matters and on banking, mortgage lending and servicing and other consumer finance regulatory compliance issues. She frequently advises companies on data privacy issues. Her primary areas of concentration include cybersecurity and data risk management and governance, breach preparedness and response, crisis management, and first and third party data privacy compliance obligations. She has served as a “breach coach” for several financial services companies, retailers, health care providers, and others and managed and responded to internal and external data breach incidents, including ransomware attacks, impacting customers nationwide. She counsels companies through all stages of a data breach incident, including incident analysis and investigation, breach containment, notification in compliance with all regulatory requirements, remediation, and post-breach regulatory inquiries and litigation. She holds the CIPP/US, CIPP/E, CIPP/C, and CIPM certifications from the International Association of Privacy Professionals (IAPP).. She also assists local and national banks, residential mortgage lenders and servicers, and other consumer finance companies with the licensing, regulatory, and legal issues involved in multistate product launches and in maintaining multistate lending and servicing platforms, including the creation and maintenance of policies and procedures, compliance manuals, operational guidelines, forms, and training programs. She assists companies in demonstrating their compliance to state and federal regulators, including the BCFP, by reviewing risk assessments, conducting mock examinations, coordinating the implementation of preventive measures, and responding to examination findings. She has assisted several large residential mortgage loan servicers in implementing best practices in response to enforcement actions and settlement agreements. She routinely advises companies on compliance issues concerning TILA, RESPA, ECOA, FCRA, FDCPA, HMDA, BSA, OFAC, and other federal laws and regulations. Elena received her B.S. in Corporate Finance and Investment Management, J.D. and M.B.A. from the University of Alabama and is admitted to practice law in Alabama, Illinois, and Louisiana. She also holds the CCEP certification from the Society of Corporate Compliance and Ethics.
Andy Hernandez is Chief Digital Officer for Regions. In this capacity he is responsible for leading the bank’s digital transformation, which includes digitizing the business to better serve Regions’ customers, providing leadership over the company’s digital strategy, and driving accelerated delivery. His responsibilities include partnering with technology, operations, line of business and support leaders across the enterprise to deliver solutions that meet the emerging digital needs of customers and associates. Hernandez came to Regions in 2014 from BBVA where he was the Director of Multichannel Experience as part of Global Retail Banking in Madrid, Spain. In this role he co-led the strategic definition and global vision of omnichannel experience for the BBVA Group. He also served as the Director of Channel Development for BBVA Compass in the United States with leadership responsibilities for digital, contact center and ATM channels in the Retail Bank. Responsibilities included product innovation, sales, service, user experience, design, channel operations and payments. Prior to joining BBVA, Andy served in a variety of channel, product and distribution roles for Wachovia, Bank of America, SouthTrust, and NCR. At Wachovia, Hernandez was Chief Operating Officer for the General Bank’s Distribution Group in Charlotte. At Bank of America, also in Charlotte, he was a Senior Vice President in the eCommerce group with responsibility for the industry’s largest online payments and transfers business as well as the industry’s largest online deposits business. As Group Vice President and Director of eCommerce at SouthTrust Bank in Birmingham, Hernandez started the eCommerce group, building it from the ground up. Andy began his career at NCR Corporation holding Senior Sales Account Management roles throughout the Southeast, with primary focus on ATMs. He earned a bachelor’s degree with Honors from the University of Florida in Computer & Information Sciences.
Chris Kennedy is SVP, Strategy and Innovation at Regions Bank. Chris leads a team of talented professionals in the development and execution of technology strategic initiatives that drive growth and increase efficiency. With a decade of experience, Chris brings domain experience across Open Banking, cloud transformation and governance, core banking transformation, process improvement and automation, Artificial Intelligence transformation and risk management, and disruptive fintechs. Chris is active in industry organizations focused on new technology and risk management. Chris is co-chair at the Financial Data Exchange (FDX) leading the Corporate Treasury API task force which is working to establish secure open banking data sharing standards for commercial use cases. He is lead co-author for the FDX industry whitepaper, Getting Started with Open Banking and is lead co-editor for the technical follow-on whitepaper. Chris is also a core working group member of the Data & Trust Alliance which has established algorithmic safeguards for AI used for human resources and workforce management.
Chris is passionate about education, learning, mentorship, and development. He is a consulting professor at Duke University, Fuqua School of Business for applied AI and also teaches business modeling and analytics at UNC Kenan-Flagler Business School. Chris received his BS and PhD in Nuclear Engineering from North Carolina State University and an MBA from UNC Kenan-Flagler Business School. He is a CFA charterholder and is an AWS certified solutions architect.
Ms. Nelson serves as Vice President, Digital Transformation at Regions Bank, where she previously served as a digital strategist. She received her Bachelors Degree in Marketing from Auburn University.
