Delivering expert, analytical decision support information requires a technology partner who integrates econometrics with a heavy dose of industry expertise. It’s not just what we do, but how we do it that distinguishes Novantas Solutions in the market.
- Pragmatic science: We bring together our economists, applied math and stats PhDs with senior industry practitioners and business leaders, with the objective of translating the big thinker and experimenter insights into money-making customer offers, effective marketing campaigns and significant margin improvement. We let our competitors admire the problem. We obsess over the solution.
- Unparalleled industry and functional depth: We lead the financial advisory industry in the breadth and depth of senior industry experts in Revenue Management. Our solutions are designed by business experts to solve the most important issues faced by banks. We are leaders and learners in a unique partnership with the financial industry to improve performance with analytics that unlock customer profit potential.
- “Clear Box” approach: The models, algorithms and methodologies we embed in our solutions are transparent to our clients, helping us not only deliver answers you can interrogate, but also methodologies and techniques you can own and customize. Most solutions providers sell black box products and hide how they do their analyses. We believe our clients are the most sophisticated professionals in the industry, and our approach permits us to offer the right blend of expert support and technology in phases that work for your particular needs.
Our success in helping clients realize hundreds of millions dollars in benefits for over a decade derives from our distinctive approach that applies advanced analytics to the highest leverage revenue opportunities of the business product & pricing, marketing, sales and distribution.
Novantas Solutions are comprehensive offerings, delivered via cloud-based technologies. Novantas eliminates your need to host and maintain applications, continuously clean and update external and internal data, maintain model efficiency, develop new reports and capabilities. You manage the business while we provide the platform to allow you to outperform your competitors.
Our services include:
As an integral part of Novantas, Novantas Solutions services embed the experience, industry expertise and knowledge of Novantas Consulting executives, and provide a truly industry customized product for the banking industry. No other company so seamlessly integrates revenue management solutions and strategic management advisory services for the banking industry.
Novantas Solutions is a FinTech100 Company since 2011: One of the 100 largest, most successful global FinTech institutions.
Novantas Solutions is fully SOC 1 / ISAE 3402 Type 2 compliant since 2007. A critical capability in today’s banking services industry.
Novantas Solutions is a PCI-2 Certified Vendor, providing the highest level of security and data encryption technologies to protect critical client data.
PriceTek®: Pricing & Product Management Suite
Leveraging hundreds of pricing engagements, from global players to community banks, Pricetek®’s cutting-edge analytics, intuitive interface and proven methodologies have delivered significant competitive and financial advantages to our clients, in both low and high rate environments, for over a decade.
StrataScape®: Distribution Planning Suite
Helping executives manage a truly new era of customer behaviors and channel priorities, StrataScape® brings together the most innovative, dynamic and sophisticated analytics in the industry into a single, elegant package to execute high value network changes in both physical and digital channels.
SalesScape: Distribution Planning Suite
In banking, as in all retail businesses, physical distribution is undergoing dramatic change. The old model of service intensive outlets has been eclipsed by today’s demand for integrated physical/virtual channel support, sales-intensive activities, and self-service options. Getting this right requires that bankers have a set of performance benchmarks to track progress by outlet, and can measure performance relative to market potential. SalesScape provides a suite of products to help transform the old branch system into an effective sales machine by computing appropriate performance benchmarks, establishing and tracking goals overall and by activity, and supporting the field sales process with test & learn technology to improve effectiveness of the customer dialogue.
BankChoice Monitor (BCM)™ is the only resource that continuously monitors what bank shoppers want, who they choose and why. Prior to BCM, banks were forced to rely on traditional market research for insights about people shopping for bank products. But traditional research data are almost always out of date, lacks depth because of small sample sizes, and most importantly, the survey respondents aren’t actually shopping for bank products when they’re being surveyed. BCM provides you detailed insights gathered from more than 50,000 active bank shoppers every month, while they are actually thinking about, and shopping for a bank.
CLPr© (“Clipper”) Commercial Loan Pricing
The best negotiators usually aren’t better skilled, but rather better informed than the other side. Novantas consulting work has shown conclusively that the biggest factor in price realization in commercial banking is information: Loan officers who have the information on the current clearing price for each deal can get the client to close at the best price.