
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:
Syntel - Digital Banking Services
Mar 22, 2018 | Vendor Analysis by Andy Efstathiou
This NelsonHall assessment analyzes Syntel's offerings and capabilities in Digital Banking services. Syntel is one of a number of banking operations services companies analyzed in NelsonHall’s comprehensive industry analysis programs. [...]view this reportdownload abstractTech Mahindra - Digital Banking Services
Mar 05, 2018 | Vendor Analysis by Andy Efstathiou
This NelsonHall assessment analyzes Tech Mahindra’s offerings and capabilities in Digital Banking services. Tech Mahindra is one of a number of banking operations services companies analyzed in NelsonHall’s comprehensive industry analysis programs. [...]view this reportdownload abstractTata BSS - Digital Banking Services
Mar 01, 2018 | Vendor Analysis by Andy Efstathiou
This NelsonHall assessment analyzes Tata BSS’ offerings and capabilities in Digital Banking services. Tata BSS is one of a number of banking operations services companies analyzed in NelsonHall’s comprehensive industry analysis programs. [...]view this reportdownload abstractBroadridge - Next Generation Wealth and Asset Management Operations Services
Jan 29, 2018 | Vendor Analysis by Andy Efstathiou
This NelsonHall assessment analyzes Broadridge's offerings and capabilities in W&A operations services. Broadridge is one of a number of W&A operations services companies analyzed in NelsonHall’s comprehensive industry analysis programs. [...]view this reportdownload abstractAvaloq - Next Generation Wealth and Asset Management Operations Services
Jan 24, 2018 | Vendor Analysis by Andy Efstathiou
This NelsonHall assessment analyzes Avaloq's offerings and capabilities in W&A operations services. Avaloq is one of a number of W&A operations services companies analyzed in NelsonHall’s comprehensive industry analysis programs. [...]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