The U.S. banking industry has always followed a very simple formula: Intermediation 101 calls for banks to gather deposits from local depositors (primarily retail) and lend to local borrowers (primarily businesses).
The Novantas Review is pleased to introduce a new feature in which we interview an expert about the banking industry.
As more Millennials* seek “must have” mobile banking services, they increasingly want to be untethered from their bank’s physical locations. More than three-quarters of them would consider a bank that doesn’t have branches.
If you’re wondering whether startups are starting to shake up the consumer deposit business, look no further than Wells Fargo’s Greenhouse and JPMorgan Chase’s Finn.
Case Study: A Spark-based Distributed Simulation Optimization Architecture for Portfolio Optimization in Retail Banking
Strata Data Conference NYC 2018
Banks are slowly warming up to the benefits of telecommuting, particularly as technology and security protocols evolve to make it easier to offer, industry experts said.