Ceto has introduced Nova, a new platform aimed at helping community banks and credit unions improve operational efficiency.

This solution combines human expertise with software as a service (SaaS) to provide strategic guidance and “advanced software capabilities”.

Nova is designed to help financial institutions boost their competitiveness.

The platform features several applications, including Vantage, Nexus, and Pulse.

Vantage, currently available, allows institutions to monitor real-time market data on rates, fees, and product offerings.

This application transforms complex data into actionable insights, enabling banks and credit unions to make informed pricing decisions and attract customers.

Nexus, launched in April 2025, focuses on contract lifecycle management.

It allows institutions to manage vendor contracts efficiently by tracking agreements, invoices, and renewal alerts. This tool aims to reduce administrative burdens and prevent costly auto-renewals.

Pulse, scheduled for release in May 2025, will enable financial institutions to benchmark their performance against industry peers.

By integrating historical and real-time data, Pulse will help identify operational inefficiencies and potential growth opportunities.

Ceto has emphasised that Nova’s user-friendly interface and robust data analytics will assist financial institutions in optimising revenue and improving operational efficiency.

The platform is continuously updated based on user feedback, ensuring that it meets the evolving needs of community banks and credit unions.

Ceto president and CEO Douglas Ceto said: “Nova represents a significant leap forward for community financial institutions.

“By transforming data into actionable insights, we’re empowering our clients to drive profitability and innovation.”

In August 2024, Ceto announced the acquisition of VPCtech, recognised for its strategic banking expertise.