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Major Core Vendors Are Failing Regional Banks

Gonzobanker

Rapid consolidation in the banking industry is creating a growing band of regional banks that find themselves stuck in a solution provider market that isn’t fully capable of serving them. FIS has captured a dominant share in the regional banking space with its IBS core platform (formerly Metavante).

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Community Banks Accelerate FinTech Integrations

PYMNTS

This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings. For more community banks, the latter strategy can fast-track digitization initiatives.

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AI Healthcare Mkt Projected To Reach $36B By 2025

PYMNTS

“The growing adoption of NLP [in] applications such as patient-data and risk analysis, lifestyle management and monitoring, and mental health is propelling the growth of this technology in the market.” as one of the major contributors in the region’s AI-in-healthcare market.

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

South State Correspondent

Popular projects for 2023 include online loan and deposit onboarding utilizing third-party data to speed the process, compliance-as-a-service, payments, card controls, service case management, leveraging data for customer insights, and providing open banking APIs to customers. Sectors like office, retail, and hospitality, are even worse.

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Kroger Risks Losing The Digital Grocery Race

PYMNTS

Now playing catch-up, Kroger has budgeted $4 billion for investments, including warehouses managed by robots, a meal-kit company and digitally LED enabled shelves that market directly to customers. In its home Cincinnati region, sales were up increased 4.9 percent of the region’s total $6.1 Target bought Shipt Inc.,

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Big Plays Push Investments & RedKix Grabs $17 Million In Seed Funds

PYMNTS

RedKix has an idea somewhat comparable to Slacks insofar as it hopes to innovate the way workers manage their tasks by creating a better way to merge email and chat functions. The firm makes enterprise resource planning and retail management software. That funding round was led by IIFL Asset Management.

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The Great Grocery Race Shifts Into High Gear

PYMNTS

The players are many — but in the last year and a half, Walmart, Amazon and Kroger have managed to pull ahead in the earliest rounds of the race in terms of the breadth and depth of their enhanced offerings for consumers. Jet will also factor in locality when deciding which products are featured in its assortment for that region.

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