Recent research by Novantas found the majority of overdrafts come from highly informed consumers who preferred to use it over other forms of credit.
One product that might be able to provide a higher rate than a savings account with the same kind of safety and guaranteed return is a 5-year CD.
A 4-year CD might be the answer to a question a lot of savers are asking these days: How do I get more yield without taking on more risk?
Novantas is pleased to announce that David Shimko and Brett Friedman have joined the company as Directors in the Treasury and Risk Support Business Unit.
The new report “Understanding Consumer Choice: A Review of Consumer Overdraft Behaviors”, sheds light on the burning question — why do consumers use overdraft?
Mamhikoff will expand the company’s relationships with senior financial executives in the Canadian market, bringing considerable expertise in strategy, performance measurement, risk management and technology.
For the fifth year running Novantas is ranked among the FinTech Top 100.
“If you couldn’t move money in and out easily, you wouldn’t use” their service, according to Lee Kyriacou, a managing director at Novantas.
Online-only banks can let you deposit checks from your phone, but the same can’t be said for cash. In fact, it’s a transaction they haven’t completely figured out.
The digital financial services space is exploding in activity as new technology companies push their way into markets and product lines that traditionally have been the banking industry’s turf.