Novantas in the News

USA TODAY — Banks Seek Customers’ Help to Stop Online Thieves 30th Jul 2010 About 80% of U.S. households have come to do their banking over the Internet, banking consultancy Novantas says.

The last watchdog — Banks Require Your Help to Keep Online Banking Safe 30th Jul 2010 Novantas, a banking consultancy, states most households have made online banking their main means for interacting with their financial institutions.

the economist — Surviving, Not Thriving 22nd Jul 2010 Sherief Meleis of Novantas, a consultancy, thinks a sharp decline in loans as a percentage of deposits has more to do with the shrinkage of loans than the growth of deposits.

THE STREET — New Study From Informa Research Services And Novantas Reveals Huge Gap 1st Jul 2010 “The study reveals many interesting trends regarding the distribution of retirement dollars among the mass affluent, emerging affluent, and affluent segments,” said Wayne Cutler, managing director at Novantas.

Fox business — Dangers of Sharing Credit-Card Accounts 23rd Jun 2010 More consumers will rely on authorized user status or joint account status to obtain credit, says Gaurav Gupta, director of consumer lending and risk at Novantas, a consulting firm for the financial services industry.

ABC News — Banks Eliminating Free Checking 18th Jun 2010 “Banks are trying to find ways to continue to offer low-cost, almost free checking products,” says Rick Spitler of Novantas.

The Economist — A New Dominion 17th Jun 2010 Banks with more than 10% of the branches in a given local market typically garner a disproportionately large share of deposits. TD can do the same with only 5-6% of total branches because of its reputation for convenience, says Sherief Meleis of Novantas.

Bankrate.com — Sharing Credit Card Accounts 17th Jun 2010 More consumers will rely on authorized user status or joint account status to obtain credit, says Gaurav Gupta, director of consumer lending and risk at Novantas, a consulting firm for the financial services industry.

the wall street journal — End Is Seen to Free Checking 16th Jun 2010 “If you put $1,000 in a checking account and don't do anything with it, it will be hard to get that for free,“ says Sherief Meleis, a managing director at Novantas LLC, a consulting firm that advises banks.

Complinet — Do Canada’s bankers have the solution to regulatory reform? 15th Jun 2010 Canada’s banks are viewed as institutions, almost as utilities that play a special role in the nation’s economy and growth, notes veteran Canadian banker Greg Smith, managing director in the Toronto office of Novantas. South of the border, the ten largest US banks account for between 35 and 40 percent of deposits. Canada’s big banks are treated more like utilities than highly competitive businesses, notes Robert Vokes, managing director.

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