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.
Novantas, Inc. is pleased to announce that First Tennessee Bank has reached an agreement with Novantas for the firm’s deposit price optimization and product management solution — PriceTek® Deposits.
Smaller banks are losing out on potential customers because many would-be depositors assume only larger institutions have the tools to allow them access to mobile banking apps and other technological perks, a recent survey shows.
Mobile banking is forcing financial institutions to rethink everything about their branch networks. But your ability to effectively compete hinges entirely on whether consumers think they’ll have to sacrifice convenience along with branches.
Consumers like to holler about all the features they want their checking accounts to have. But when they finally pull the trigger and make the switch, it’s fees that wind up driving their decision.
“We offer analytic solutions designed by bankers for bankers,” says Dave Kaytes, founder and Co-CEO of Novantas, Inc.
Total third-party external spend on financial services technology is now at more than $300 billion annually.