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.
3rd Annual Liquidity Risk Management USA 2018
Asia Pricing & Commercial Excellence Summit 2018
Companies have gone after deposits through mailings, call centers and digital tools. Those efforts, some going back decades, have gathered about 5 percent of U.S. deposits, according to Novantas.