October 04, 2013


Elite 8 2013The October issue of Bank Systems & Technology introduces the 2013 Elite 8 -- eight visionary bank technology executives who are enabling transformation in a changing financial services industry. Our exclusive profiles report how this year's honorees are leading their companies' efforts to capitalize on mobile, compete on superior customer experience, improve operational resilience and tap into the potential of big data, among other hot trends. To read more, download our October 2013 digital issue now.
Prior to his role at RBS Citizens, Gifas spent 13 years at Citibank and four years at Deutsche Bank in various cash management and sales leadership roles. He has seen a constantly changing regulatory environment in the banking industry. He says banks are dedicating more resources to regulatory compliance than ever before and believes it's a "balancing act" to make sure the bank is serving its customers by introducing new products and services, while dealing with the regulatory landscape. However, he notes that this will be the status quo for banks in the foreseeable future.

"I don't think it's going to lighten up, but the things being done today are maybe things that needed to be put into place," he adds.

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Gifas, who graduated from Iona College with a degree in finance, lives in New Jersey and enjoys going to the Jersey Shore -- specifically Long Beach Island -- on summer weekends with his family. He relies on mobile technology during these excursions, using the mobile app Sigalert to get an overview of traffic flow before leaving the house. Waze provides him with traffic patterns en route to the beach.

Gifas also enjoys watching his two sons play baseball, never missing a game. But unlike the image of the overbearing, suburban sports parent, Gifas says he likes "to sit in the bleachers and just be a silent fan."

Personal Snapshot

Jim Gifas

Executive VP, head of treasury solutions, RBS Citizens

Size of IT organization: More than 150 people report to his division

Prior roles: 13 years at Citibank and four years at Deutsche Bank in various roles

Education: Graduate of Iona College with a degree in finance

Hobbies:Going to the Jersey Shore

ABOUT THE AUTHOR
Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as ...