Novum’s analytics experts have abundant expertise in banking and technology, integrations, and analytics to help businesses achieve new insights in a dynamic banking environment. Novum designs complex banking projects and delivers better, cheaper, and increased time-to-market. “Our analytics platform, analytics engine, and data model are specific to banking dynamics,” says Clint Johnson, Managing Partner at Novum Partners.
Traditionally, the banking landscape deploys generic products, but often many fail in offering an out-of-the-box customer experience. Novum’s solutions concentrate on helping clients unravel potential business opportunities much before they express and deploy the most befitting tools and strategies. This assures increase in customer satisfaction and experience, which is a primary differentiating factor of the company. “We work to create the 'New Bank'—the bank that uses data and analytics for every facet of its business. Our Data Analytics platform gives us the competitive advantage in the market,” Johnson adds.
New Banks use fast, agile analytics solutions to understand the true impact of risk management. Novum brings a new, fresh perception as well as new methods and tools to their banking clients.
In an insightful example, one of Novum's mortgage banking customers approached them to build an analytic engine, based on mortgage market data to get real-time information on the housing market by zip code. Novum worked with them to implement a marketing engine and improved their sales process software. As a result, the customer was able to get better marketing insight, which in turn created new sales opportunities and acquired a positive outcome in their mortgage business.
We work to create the 'New Bank'—the bank that uses data and analytics for every facet of its business
For the future, Novum plans to expand their line of business in software and services and explore new opportunities in banking and advertising. The company is enrooted towards strengthening its base in the banking sector through the implementation of mobile banking tools to generate sales volume and gather more names in their prestigious clientele