Remove Innovation Remove Maine Remove National Remove Regional
article thumbnail

How To Do Better Against National Bank Lending Competition

South State Correspondent

Many existing community bank customers and prospects are also national bank customers. There are now many online, nationally-focused lenders that are capable of an entire virtual relationship. Traditionally, community banks would compare their financial performance and health to similar-sized banks in their region.

National 195
article thumbnail

Amazon To Build $40M Robotics Innovation Hub Near Boston

PYMNTS

Amazon is planning to build a $40 million state-of-the-art robotics innovation hub near Boston that will result in the creation of 200 tech and manufacturing jobs, Amazon announced in a press release Wednesday (Nov. The new facility will be in addition to the Amazon Robotics site in North Reading, Massachusetts. Massachusetts Gov.

Boston 161
Insiders

Sign Up for our Newsletter

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

article thumbnail

4,000 Years In, Bringing Innovation To Mead (Yes, Mead)

PYMNTS

The honey-based fermented beverage (sometimes called “honey wine” though dedicated mead drinkers affirm that mead is a fundamentally different drink than wine) has been something of a niche or regional favorite for the last five or so centuries. . But the 21st century has seen something of a mead renaissance. million in revenue.

article thumbnail

EU Proposed Law Aims To Make Friends With FinTech

PYMNTS

s exit from the bloc next year, the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region. A “blueprint” that includes best practices and guidelines for setting up innovation hubs will be released by the final quarter of 2018 for regulatory “sandboxes.” exits the bloc in 2019.

Fintech 136
article thumbnail

Will The Pandemic Finally Get Central Banks Interested In Building Digital Currencies?

PYMNTS

A central entity may maintain exclusive rights to create or destroy currency in a region such as a nation. A central entity may be associated with a government of such a region.”. So a retail CBDC is now [the ECB’s] main focus.”. “A central entity may implement a monetary policy and issue currency.

article thumbnail

NRF Cautions On Treasure Hunt Shopping

PYMNTS

The National Retail Federation (NRF) and other groups have released guidelines for store operation and design today (May 22) as members begin to come back from the economic devastation of the pandemic. In a word, the main message is about flexibility.

Retail 148
article thumbnail

5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Mostly, this means getting innovative with deposit and payment products. Develop a more innovative process. Despite all the talk about innovation, banks remain slow with their time to market for new products. Bank product innovation should be measured in weeks, not months. Why is this so important? Conclusion.