article thumbnail

How Can Regional Insurance Carriers Harness the Power of AI?

Perficient

One such industry that will be forced to utilize AI solutions to gain a competitive advantage is the regional insurance carrier industry. By harnessing the power of AI, regional insurance carriers can streamline their operations, enhance customer experience, and make more informed decisions.

Regional 221
article thumbnail

Regional Banks Guide Corporates To Future-Proof Accounts Payable

PYMNTS

As organizations turn their banks and other finserv providers to support that implementation process, Sigovitch said regional banks are facing a future in which corporates rely on them for more value-added advisory services.

Regional 214
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Large regional banks invest in startup deposit network

American Banker

and Regions Financial. ModernFi, which helps banks source or offload deposits in reciprocal or one-way arrangements, recently raised a Series A with participation from Huntington Bancshares, First Horizon Corp.

article thumbnail

How Regions Bank unwittingly invited a surge in check fraud

American Banker

We opened the door too wide, bad people came rushing in, and we didn't close the door timely enough," Regions' CFO said. The Alabama-based bank loosened its funds availability policy in 2022 as part of an effort to give customers early access to their paychecks. "We

article thumbnail

The Threat That Could End Community Banking & What To Do About It

On the surface, things are going well for community and regional banks and credit unions. Community banks are at risk of losing their core business to the companies innovating in the paytech and lendtech spaces. Small business lending is ground zero for this imminent disaster.

article thumbnail

Is the Fed board eroding regional Fed banks' independence?

American Banker

For the better part of the past decade, the Federal Reserve Board in Washington has played a more active role in presidential searches by regional reserve banks. The shift seems to have made the system more diverse, but some argue it's at the expense of regional bank independence.

36
article thumbnail

Big banks' deposit cost pressures are a warning sign for regionals

American Banker

Regional banks will likely report similar pains next week. JPMorgan Chase and Wells Fargo said the battle for deposits isn't over — a reality denting their ability to earn more interest income.

article thumbnail

Quick Guide to Digital Lending for Regional & Community Banks

How are some regional banks outperforming their bigger rivals? It’s an opportunity that other small and regional banks can learn from, and this guide is the playbook for how to do it. The answer may lie in their early adoption of digital lending as a core service.

article thumbnail

How to Attract Multiple Generations to Open New Accounts and Apply for Loans

Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers. The experiences of every generation are characterized by their behaviors involving finances.