Is your bank a tortoise or hare? Lower rates will make banking more difficult, but your customers are still going full steam ahead in the race toward digital. Can you keep up or will someone else meet them at the finish line?
The process of scoring deposit customers can have faster impact than you might think. Novantas reveals ways to optimize scoring now.
Should your bank cut rates just because the Fed did? It’s not an easy decision. Novantas explores rate trends and strategies in the latest Perspective.
How much do banks really know about their customers? The new issue of the Novantas Review explores strategies that bank can use to identify the most valuable deposits and prospects.
With all eyes on the Fed, banks can take steps now to maintain profitability without sacrificing much-needed digital investment.
The flattening yield curve is expected to continue pressuring industry profitability in coming months, even though the Fed has hit the brakes on interest-rate hikes.
The Fed may have stopped raising rates, but banks haven’t. Competition is forcing banks to pay up for deposits.
Banks often waste time and money pitching their products to consumers who aren’t even shopping for a new banking relationship. New tools can help banks target prospects more effectively.
Daniel Crosby is a psychologist and behavioral finance expert who applies his study of market psychology to many aspects of financial services. He recently sat down with the Novantas Review to talk about how behavior influences financial decisions.
What do companies want from their banks? Fewer accounts and more fee transparency, according to interviews with corporate treasurers.