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Last year, about 45% of new checking accounts were opened at the three national banks, even though those lenders only had 24% of U.S. branches. Regional and community banks, by contrast, had 76% of branches but only got 48% of new accounts.
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“And 50 years after the movie — almost to the day, we’re still worried about the use of technology. But this isn’t science fiction, the demand is here, like or not,” said Wayne Cutler
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Novantas is pleased to announce that in the first quarter of 2018, the company’s flagship solutions product, PriceTek® Deposits, has reached $3.2 trillion deposits under management.
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Novantas is pleased to announce that BankUnited, N.A. has selected the company’s PriceTek® Deposits platform to advance the bank’s deposit analysis capabilities and make more strategic portfolio decisions.
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“Because a majority of customers still have emotional attachment to branches, banks have to be careful how far and how fast they make cuts,” said Andrew Hovet.
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“Folks are still hanging onto this comfort of feeling like there is a branch nearby if, and when, they need it,” said Matthew Sharp
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Mobile banking apps keep getting better, but 60 percent of Americans would still rather open a new checking account in person at a bank branch than on a phone, tablet or desktop computer, according to a new survey.
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Novantas is pleased to announced that First Tennessee Bank has selected Novantas’s SalesScape™ program to provide data and analytics to enhance their branch optimization programs, including setting appropriate targets for branch performance.
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“This is one of the first truly new and radically interesting announcements coming out of the banking industry in some time,” said Kevin Travis.
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“When it comes to banking, people can find what they want at the lowest cost possible if they are willing to shop around and compare their options,” said Hank Israel.
