SVP, Distinguished Architect, Open Banking and External Integration
Citizens
Jeffrey Collemer currently serves as Distinguished Architect, Senior Vice President at Citizens. In this role, Jeffrey leads the development and implementation of innovative integration strategies that enhance the bank's technological capabilities and customer experience. He is responsible for overseeing API development and external partnerships, ensuring seamless integration with third-party services.
Jeffrey joined Citizens Bank in 2022, bringing with him a wealth of experience from his previous role as Vice President of Product Development at Utilidata. His expertise in product development and strategic integration has been instrumental in driving forward Citizens Bank's digital transformation initiatives.
He holds a degree from Bryant University, where he developed a strong foundation in business and technology. His commitment to excellence and innovation has made him a key player in the banking industry, contributing to Citizens reputation as a leader in financial services.
Outside of his professional endeavors, Jeffrey is passionate about mentoring young professionals and actively participates in industry conferences and workshops. His dedication to continuous learning and improvement is evident in his approach to both work and life.
When the Consumer Financial Protection Bureau released its final rule under Dodd-Frank’s Section 1033, the world of open banking and finance was set to change in unprecedented ways, not least of which is banks’ ability to innovate faster and remain agile by “co-creating” value-added products and services developed by fintechs, while still remaining compliant with requirements to protect the consumer data that is accessed and shared. An expert panel discusses the monetization and innovation potentials of APIs-as-a-Service to fintechs and the emergence of open API marketplaces, advantages of proactive compliance, third-party risk management, the need for data architecture upgrades to handle real-time access and sharing, and monitoring systems to track data access and security.