Financial Crimes & Fraud Risk
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Podcast
April 13, 2026

turn data fragmentation into your competitive advantage

Jack Henry® Sr. Director of Corporate Strategy, Lee Wetherington, Discusses Data Strategy, AI, and Winning the Data Wars

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Financial institutions have more accountholder data than ever, but most still can’t use it in real time, across the organization, or in ways that improve the accountholder experience.

In this interview, Lee Wetherington, Sr. Director of Corporate Strategy at Jack Henry, explains why legacy systems, data silos, and hesitation have held financial institutions back and why the rise of AI has made a clear, coherent data strategy nonnegotiable.

Why Data Fragmentation Is Now an Existential Risk

Most financial institutions are not effectively leveraging their data – and AI has exposed the cost of standing still.

Data is often:

  • Scattered across multiple platforms
  • Inaccessible in real time
  • Unusable for AI, analytics, or personalization

Without connected, clean data, you can’t deploy AI leading and risk falling behind fast.

The Hidden Problem: You Don’t Have the Full Accountholder Picture

Most financial institutions only see a fraction of their accountholder's complete financial lives.

With consumers using 15 to 20 financial providers on average, you often hold less than 20% of an accountholder’s total financial data. True personalization is impossible without permissioned data aggregation, as Wetherington notes, “You can’t recommend next best actions if you don’t actually know who the customer is.”

The Path Forward: Open Banking and a Unified Data Foundation

Open banking – combined with modern, cloud-based data infrastructure – enables you to:

  • Aggregate internal data in real time
  • Permission external data
  • Power AI use cases

Those who ask first, ask best, and earn permissioned data will win what Wetherington calls the “data wars.”

Listen to the podcast to gain a practical look at how you can leverage the data you already have – plus the data accountholders are willing to share – to compete and grow.

Ready to win the data wars? Download our white paper to learn how to build your data strategy.

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