Millennials are the largest segment of consumers shopping for checking accounts. In fact, roughly 40% of those looking for a new bank or credit union are under 30 years old.
The low interest rate environment has created increased pricing competition for popular consumer loan products.
Novantas, Inc. announces a major new release of the StrataScape platform, which enables banks to make strategic and tactical decisions with their networks.
As banks prepare for the next round of stress tests, they face several tech-related challenges, including broadening the exercise to include detailed modeling of deposits and meeting regulators’ demands for ever-greater documentation.
Consumers shopping for new checking accounts are more demanding than ever. And it’s not just Millennials. Everyone expects more from their next banking provider.
Futuristic concepts, talked about for upwards of a decade, are becoming reality as financial institutions give their bricks and mortar digital makeovers.
Novantas releases the Vintage Analytics module and enhanced reporting to meet the growing demands of regulatory reporting and transparency in governing deposit portfolios.
For years running, the average transactions per teller and average sales per non-teller have been plunging. This has led to the situation today in which many financial institutions are rethinking the way the branch does business.
Why do consumers choose one checking account instead of another? Data from thousands of checking account searches reveals the hot buttons behind consumers’ decisions: locations, fees, advertising and word-of-mouth.
The northeast United States is the ideal market for digital checking accounts. They are most interested in transacting digitally, and expect banks to support their mobile lifestyle.