Industry Insights
Novantas Viewpoint
This Week in Retail Banking | May 9, 2020
Banks have spent nearly two months entrenched in the fallout from COVID-19 and it’s now time to pump up efforts in areas like digital onboarding and marketing which will be increasingly critical in the months to come.
Novantas Viewpoint
This Week in Retail Banking | May 2, 2020
Across the country, many people are now accustomed to working from home during the COVID-19 pandemic, prompting businesses to realize that face-to-face contact may not be as important as they thought.
Perspectives
Commercial Deposits Surge, But Which Ones Are Sticky?
Commercial deposits are surging across the industry, driven by credit-line drawdowns and changes in the way corporate customers are managing liquidity.
Novantas Viewpoint
This Week in Retail Banking | April 25, 2020
As some states begin to re-open the economy, banks will start thinking about the re-entry plans for their retail networks.
Perspectives
Corporate Treasury Teams Are Key to Company Resilience During COVID-19
There’s no doubt that COVID-19 is having widespread implications for corporate treasurers at companies of all sizes – from liquidity challenges to supply-chain disruptions.
Novantas Viewpoint
This Week in Retail Banking | April 18, 2020
It was another tough week for banks as jobless claims topped 22 million, PPP funds ran dry and online banking systems crashed just as the much-anticipated stimulus checks began to arrive.
Perspectives
Commercial Commitment Drawdowns: A Liquidity Event to Manage Now and Study Later
The industry is seeing an acute spike in committed commercial facility utilization, representing just one more consequence of the sudden and severe economic shock from COVID-19.
Novantas Viewpoint
This Week in Retail Banking | April 11, 2020
As the U.S. has begins to show some signs of “flattening the curve,” there are emerging signs that some of the changes in consumer behavior will have a permanent impact on the banking industry.
Perspectives
A Call for Workforce Flexibility, Creativity As In-Branch Sales Decline
The industry is undergoing a radical shift as consumers who are avoiding the branch are increasingly ready to accept digital and other remote channels.
Novantas Viewpoint
This Week in Retail Banking | April 5, 2020
Another week of lockdowns and the rollout of the CARES Act is adding an additional degree of organizational complexity for banks.