Google is preparing to launch a checking account that is backed by Citigroup and a Stanford University credit union. What does this mean for traditional banking?
The Fed just cut rates for the third time this year, a move that will keep pressure on bankers as they race to reprice their books.
As banks grapple with the fall-out from a series of scandals, they must also respond to the changing attitudes toward digital banking.
Novantas and the Consumer Bankers Association conducted research earlier this year to understand U.S. consumer attitudes toward savings and their behavior associated with it.
What will your bank look like in five years? 10? Think about forming a successor bank that can help you plan for your institution’s future.
Novantas sits down for a Q&A with Columbia University Business School’s Rita McGrath, author of the just-released “Seeing Around Corners: How to Spot Inflection Points in Business Before They Happen.”
The recent rate cut hasn’t dampened competition for deposits among wealth managers and broker-dealers.
Digital acquisition of customers is quickly becoming one of the most important metrics for the U.S. industry, joining the old standards of efficiency ratios, net interest margins and market-to-book. Fintechs have long focused on such metrics. As branches lose foot traffic, digital acquisition is critical to banks as well.
The Fed cut rates, but that doesn’t mean your bank should. Or should it? In either case, your deposit strategy needs urgent attention because history tells us that deposit costs continue to rise even when the Fed reduces rates.
Stranded capacity. Idle tellers. Fewer walk-ins. Customer attitudes toward branches are changing, but too many banks are still following the old workforce models. Think creatively to get the most out of your employees – and make them happier, too.