
Andy Efstathiou
Andy Efstathiou is the Services Director of NelsonHall's Banking Operations Transformation practice.
Andy has global responsibility for banking industry research and client support, covering the transformation and delivery of Mortgage & Loan, Wealth & Asset Management, and Banking Automation services.
Andy has been part of NelsonHall's analyst team since 2005, providing in-depth coverage of worldwide banking industry markets. He is well-known as the world's leading financial services operations analyst and is frequently quoted in industry media. He assists buy-side organizations in understanding vendor capabilities and making critical sourcing decisions, and supports technology services and BPS vendor organizations in assessing opportunities and refining their go-to-market strategies. Andy is a leading voice on how AI, process automation, and platform modernization are revolutionizing the financial services industry.
Before joining NelsonHall, Andy worked at global banks for 20 years and in consulting for 10 years. His operational experience includes key roles in managing customer and counterparty operations with other financial institutions. He also advised regulatory agencies and investment banks on operational issues and business performance.
Andy has a B.A. in economics from Harvard College and an M.B.A. from Stanford. He lives in Massachusetts with his wife, Nancy, and their two children. When not working, Andy enjoys sailing, hiking, and traveling.
Contact Andy Efstathiou
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Reports by Andy Efstathiou:
Transforming Mortgage and Loan Services
Jul 23, 2025 | Customer Perspectives by Andy Efstathiou
This report is for end-user (buy-side) organizations who are interested in understanding the current and future shape of the mortgage and loan services market as well as the requirements and experiences of their peers. [...]view this reportTransforming Mortgage and Loan Services
Jul 17, 2025 | Market Analysis by Andy Efstathiou
NelsonHall's market analysis of Mortgage and Loan Services consists of 98 pages. [...]view this reportdownload abstractGlobal Banking BPS Market Forecast: 2025 - 2029
Jul 07, 2025 | Market Forecast by Andy Efstathiou
NelsonHall’s “Banking BPS Market Forecast: 2025-2029” consists of 53 pages. This report covers four of the main banking business process services (BPS) service lines covered by NelsonHall, providing market forecasts and vendor revenue shares for each combination of service line and geography. [...]view this reportdownload abstractWipro - Transforming Mortgage and Loan Services
Jul 01, 2025 | Vendor Analysis by Andy Efstathiou
This NelsonHall vendor assessment analyzes Wipro's offerings and capabilities in Mortgage & Loan Services [...]view this reportdownload abstractMphasis - Transforming Mortgage and Loan Services
Jun 30, 2025 | Vendor Analysis by Andy Efstathiou
This NelsonHall vendor assessment analyzes Mphasis' offerings and capabilities in Mortgage & Loan Services [...]view this reportdownload abstract
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Latest blog posts by Andy Efstathiou:
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How Mortgage & Loan Operational Services Are Transforming
Jul 18, 2025, by Andy EfstathiouI recently completed a global market assessment of mortgage and loan operations services. I found that the mortgage and loan industry is restructuring at a faster pace than at any time since the Savings and Loan Crisis of the early 1990s, as mergers and divestitures have increased in s[...]
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Capgemini Launches GenAI-based KYC Offering for Operational Flexibility
Jun 18, 2025, by Andy EfstathiouIn this blog, I look at the growing requirement for operational flexibility in banking, and at a specific KYC initiative from Capgemini aimed at addressing this. Industry trends Financial institutions and regulators are increasing their financial crime and compliance (FCC) activi[...]
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TCS MasterCraft: Using GenAI to Improve Legacy Software Remediation
Jun 02, 2025, by Andy EfstathiouGenAI is being tested by enterprises to identify the value it can bring to their operations. In 2024, the BFSI industry undertook more GenAI testing and POCs than any other industry. However, many POCs were unsuccessful because of limitations in data sets, processing power, and digital processes[...]
Commented Tracking service articles:
Worldline Launches a Metaverse Showroom to Bridge the Gap between the Network of Virtual and Real Worlds for e-Commerce Merchants
May 31, 2022 | New Offerings by Andy Efstathiou
Worldline Acquires 51% Stake for $340m in Commercial Acquiring Business of ANZ Bank
Dec 14, 2020 | Mergers and Acquisitions by Andy Efstathiou
TSYS Awarded API Software Contract by FPS Trust Company for Healthcare Related APIs
Oct 05, 2015 | Contracts by Andy Efstathiou
Jack Henry Announces it is Processing EMV Debit Card Payments for Mastercard and VIsa
Sep 29, 2015 | New Offerings by Andy Efstathiou
Jack Henry Announces Fiscal Q4 2015 Revenues Up 5.9% to $333.7m
Aug 25, 2015 | Financial Results by Andy Efstathiou