Bank Innovation

DECEMBER 16, 2019

Virgin Money is making a play for the mass affluent. The brand released a new current account for U.K. customers last week, the first product launched by the bank since it was acquired by CYBG in 2018. With its mixture of personal finance management tools, savings features and remodeled branches, Virgin Money is aiming for […].

Strategy 243

Strategy Community Tools Branding 243

Independent Banker

OCTOBER 31, 2022

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? We spoke with two community banks that have ramped up their services to meet—and exceed—the changing expectations of customers. So how are retail banks meeting this challenge? By William Atkinson.

Banking Trends 151

Banking Trends Retail Trends Community Bank 151

PYMNTS

JANUARY 8, 2021

There's no doubt that the small business community is facing a period of immense tribulation. As Eiriz explained, the small business lending community has the opportunity, and perhaps even the obligation, to embrace collaboration and dig deeper into the entrepreneurial community in order to best serve SMBs and support the broader economy.

Strategy 231

Strategy Community Maine Lending 231

Independent Banker

JULY 31, 2022

Fallout from recent global events presents an obstacle to generating revenue for community banks. As we enter budgeting season, the answers might be found in a mix of strategies. It’s certainly an interesting time to be a community bank, but there are still plenty of ways to make efficiencies with an eye on profitability. ?

Strategy 135

Strategy Community Bank Louisville Community 135

Independent Banker

FEBRUARY 28, 2023

As community banks navigate this process, there are plenty of resources available to answer questions and provide guidance. After much strategy, planning and discussion, the implementation phase has arrived. Photo by Ismail Rajo/iStock The time has come for the long-awaited FedNow launch.

Resources 115

Resources Community Bank Community Texas 115

South State Correspondent

AUGUST 21, 2023

However, that publication, directly and indirectly, identified three discrete risks affecting community banks. We will outline what we think community bankers should glean from this publication. Risks to the Community Banking Sector Moody’s identified three risks to the banking sector, including risks to community banks.

Community Bank 195

Community Bank Community Capital Analysis 195

Jeff For Banks

JANUARY 14, 2021

In June of 2008 I gave a speech titled "The Death of the Community Bank" and in that speech I made predictions. Much like the General Store fell victim to the supermarket and the lumber yard fell victim to Home Depot, I predicted the community bank that did not pick targeted customer niches or develop product expertise will meet it's doom.

Community Bank 130

Community Bank Community FDIC Strategy 130

PYMNTS

NOVEMBER 20, 2020

It’s hardly competing with Amazon yet, but Target has shown more digital momentum than any major retailer during the pandemic. But get into the strategies around eCommerce and things start to get very interesting between the two. It’s worth looking at how the two brick-and-mortar champions, Walmart and Target, stack up.

Comparison 165

Comparison Strategy Retail Minneapolis 165

ABA Community Banking

JANUARY 22, 2024

The move to MDI status is part of the 130-year-old bank’s pivot to serving its community more deeply while building its capital base to support growth. The post Podcast: MDI status helps a mutual bank supercharge its strategy appeared first on ABA Banking Journal. On the latest episode of [.]

Strategy 52

Strategy Community Capital Community Bank 52

PYMNTS

FEBRUARY 24, 2020

As 2020 unfolds, the retail business has been dramatically altered. But with consumer spending holding steady, it’s important for retailers to grasp the opportunity to create innovative ways to get, keep and grow customers. And retailers that deploy experiential tactics drive repeat purchases at rates nearly twice those who don’t.

Retail 210

Retail Branding New York City Indiana 210

ABA Community Banking

MARCH 23, 2020

Nuts-and-bolts strategies to help banks respond to the coronavirus pandemic . The post Coronavirus Response: Common Practices for Community Banks appeared first on ABA Banking Journal.

Community Bank 115

Community Bank Community Strategy Resources 115

Bank Innovation

JANUARY 27, 2020

Elizabeth, a Missouri-based community bank with $150 million in assets, investing in a core banking startup is critical for its future. Together with a group of other community banks, Bank of St. For Brice Luetkemeyer, president and CEO of Bank of St. Elizabeth recently invested in Neocova, a St.

Missouri 221

Missouri St. Louis Community Bank Community 221

PYMNTS

DECEMBER 23, 2019

Walmart President and CEO Doug McMillon said during a strategy meeting that supercenters are the focus of the company’s plan. They are also community gathering spots and open 24 hours. The retailer also intends to create “edge computing” capacity in which data is processed nearer to where it is taken in.

Strategy 133

Strategy Houston Meeting System 133

Independent Banker

JANUARY 1, 2022

To have a true impact on the needs and expectations of today’s consumer, financial institutions must adopt successful practices from retail sectors, such as e-commerce, travel and entertainment that successfully deliver on expectations for consistent, personalized experiences through every stage of the buying journey. Gaining Trust.

Retail 103

Retail Community Branding Study 103

PYMNTS

MAY 14, 2018

In an effort to restock stores faster, Target is experimenting with a new strategy to distribute products to its stores. The retailer is testing the new strategy at a warehouse in New Jersey. The facility is making smaller and more frequent shipments to stores, while using the same inventory supply to fill online orders as well.

Strategy 100

Strategy New Jersey Retail Online 100

Independent Banker

DECEMBER 31, 2021

They share tips for how community banks can get started. Social media has made it easier for community banks to nurture connections with prospects, customers and the community. To harness the power of social media as an effective marketing tool, community banks should consider how paid social could amplify their digital reach.

Marketing Strategies 91

Marketing Strategies Strategy Marketing social media 91

PYMNTS

OCTOBER 5, 2020

The Carrboro, North Carolina-based chain has used its technology-first strategy to get, keep and grow its customer base – even while its stores were shut down early in the pandemic. Even now that its stores are open, the retailer has discovered that its eCommerce, curbside pickup and virtual fitting services remain popular with customers.

Technology 131

Technology Retail North Carolina National 131

PYMNTS

MARCH 26, 2020

For retailers, especially those deemed non-essential and struggling with revenue, branding may be on the back burner right now. A lot of what makes strong brands is consistency and adherence to values,” says Sean Claessen, chief strategy officer at Bond Brand Loyalty. “A Big mistake, say several branding experts.

Branding 145

Branding Retail social media Customer Experience 145

PYMNTS

NOVEMBER 26, 2019

The Marketing Strategy . He sees it less as a group and more of a community. Laine says that the company built the community into a place that provides value through content as well as deals. For the future, the PenaltyBox is dabbling in the retail market.

Community 161

Community United States Groups Exercises 161

PYMNTS

JULY 16, 2020

All four companies — as well as other retailers — are fitting into the framework of a platform PYMNTS calls Digital 3.0 So far, retailers have done a decent job here. The retailers mentioned at the beginning of this piece have taken a stance on health that should have been taken by federal and local governments.

Retail 155

Retail Apple Examples Marketing Strategies 155

PYMNTS

MARCH 10, 2020

The uncertainty in the market has left merchants worldwide rethinking their strategies for reaching consumers — and creating connections as the ripples are running through the global economic ecosystem. This, according to some reports , has caused some system-wide refocusing, as marketing and advertising budgets are shrinking drastically.

Community 150

Community social media Marketing Branding 150

PYMNTS

JULY 3, 2019

Large financial institutions (FIs) are increasingly turning to FinTech firms and alternative lenders to augment their small business (SMB) offerings, but community banks are beginning to get on board with the partnership strategy , too.

Community Bank 116

Community Bank Community Fintech New Jersey 116

Bank Innovation

AUGUST 20, 2019

Oregon Community Credit Union (OCCU) has launched phase one of its digital platform, a move meant to “set the foundation” for the credit union’s new focus toward automation, Chris Whittaker, vice president of consumer lending, told sister publication Auto Finance News on Monday.

Oregon 150

Oregon Community Lending Digital Banking 150

PYMNTS

DECEMBER 30, 2020

We have created an app through which small retailers can seamlessly make payment to distributors [that] are now sending their staff for collecting payment,” said Marg ERP Chairman and Managing Director Thakur Anup Singh in a statement at the time. “We It will bring down their cost, improve efficiency and promote digital payment.”.

Strategy 175

Strategy Big Data Fintech Management 175

PYMNTS

SEPTEMBER 28, 2020

But as it moves away from concept and toward reality, the metaverse could become a legitimate platform for retail. That might bring back memories of avatars and second-life communities, for those who can remember that far back. For retail purposes, there are two kinds of metaverses. Sounds more like retail than gaming.

Retail 136

Retail blockchain Community cryptocurrency 136

PYMNTS

MARCH 27, 2020

The divide between essential and non-essential retail grows bigger by the day as deep discounters and dollar stores continue to add stores, employees and revenue during the COVID-19 crisis. We’ve had pretty much 100 percent cancellation from all major retailers,” he said , naming Macy’s Inc., Nordstrom Inc., TJX Companies Inc.

Retail 130

Retail Capital Groups Community 130

PYMNTS

FEBRUARY 15, 2018

The talks — and the retail offerings — will come to WeWork spaces in New York, San Francisco, Atlanta and Philadelphia, Glossy reported. The events and shops allow J.Crew to gain visibility and add to its strategy of featuring non-models for its marketing. Crew has struggled with the retail reset that is sweeping the segment.

Retail 108

Retail San Francisco Philadelphia Atlanta 108

South State Correspondent

MAY 31, 2023

The advent of generative artificial intelligence is about to shift branch strategy again to re-raise the question – how can we get the most out of our branches? As such, banks should use the branch purposefully, leveraging a specific strategy built around human interaction. Strategy drives tactics, and tactics can drive success.

Data 195

Data Branch Strategies Strategy Mobile 195

PYMNTS

MAY 29, 2020

A partnership was born, and the students could then help retailers get onto the Shopify program and generate precious revenue. Next, Carder developed a plan to unleash the students, who have digital marketing and product management skills, to the retail community along with partnerships in their belts from Google, Facebook and Shopify.

Maine 142

Maine Retail Google Community 142

Perficient

AUGUST 14, 2020

Three leading organizations — Salesforce , Perficient , and The Chartis Group — have come together to share bright spots within the healthcare community that can point the way to building the necessary capacity to adapt. Change in Investment Strategy. Commit to an Analytics Strategy.

System 519

System Analytics Strategy Guidelines 519

PYMNTS

OCTOBER 19, 2020

billion for a controlling stake in the hypermarket operator Sun Art Retail Group , Alibaba said in a statement on Monday (Oct. billion — in Auchan’s A-RT Retail. In a quest to dominate online food shopping in China, Alibaba invested $3.6 As part of the deal, Alibaba will acquire a 70.94% equity interest — worth about $3.6

Online 231

Online Retail Groups Operations 231

South State Correspondent

FEBRUARY 20, 2023

Community bankers need to understand their competitive landscape. Who the competition is, what the lending competition is offering, their delivery channels, and service levels can help community banks differentiate their services and enhance their competitive advantage.

National 195

National Lending How To Community Bank 195

PYMNTS

AUGUST 16, 2019

Brick-and-mortar retailers are teaming up with social media platforms to curate labels for their stores and their websites. Kohl’s , for instance, will bring emerging brands to over 50 physical retail locations and online starting in the fall through Curated By Kohl’s.

Branding 101

Branding Retail social media Houston 101

PYMNTS

JUNE 15, 2018

It’s been a week of experimentation in retail, with many big names opening new types of stores to — as the saying goes — see what sticks. It seems more likely that these brands will uncover their key rather than some universal master retail key that can solve the brick-and-mortar challenge across the board.

Retail 100

Retail Ohio Columbus San Antonio 100

PYMNTS

JULY 27, 2020

She is also a member of the Noank Agriculture Cooperative , which includes all elements of the oyster hatching and farming community on the Long Island side of the sound. This is the area of expertise for marine biologists such as Karen Rivara, who owns and operates Aeros Cultured Oyster Company on the northern shore of Long Island.

Industry 157

Industry Strategy New York City Connecticut 157

South State Correspondent

MAY 1, 2024

With financial hardship, competition from dominant players, and a startup budget, Gentle Monster faced many of the same challenges as a community bank. Being months away from bankruptcy, Kim launched a bold five-step plan driven by a strategy around innovation. Each store is closer to an art exhibit than a retail outlet.

Innovation 195

Innovation social media Branding Marketing 195

PYMNTS

SEPTEMBER 27, 2019

Brick-and-mortar retailers are expanding their efforts to provide customers with health and wellness services while taking steps to train their employees for healthcare roles. said in the announcement about the offering, “Walmart aims to be the market leader in providing retail workers a path to careers in growing fields like healthcare.

Branding 101

Branding Retail North Carolina Georgia 101