The Re-bundling rhythm varies by region

Daily Fintech

The post The Re-bundling rhythm varies by region appeared first on Daily Fintech. Efi Pylarinou is the founder of Efi Pylarinou Advisory and a Fintech/Blockchain influencer – No.3

Pandemic shifts regional bank’s tech roadmap

Bank Innovation

Happy State Bank, which has holdings of $3.8 billion, is prioritizing interactive teller machines (ITM) to help bridge the gap between human interaction and social distancing as it revamps its digital product roadmap to better support customers during the pandemic. Technology is going to move from that second-tier priority all the way up to a […].

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MENA Region Holds Regulatory Clues For Merchants

PYMNTS

In regions where open banking and other electronic payments pilots are becoming common, such as the Middle East-North Africa (MENA) region, pandemic-era payments are all about privacy, security and trust, particularly in B2B transactions.

Regions using AI to make most of customer feedback

American Banker

Digital banking Regions Bank Customer experience Digital Banking 2020Over the past year, the Alabama bank has been developing new tools that analyze survey responses, phone interactions and social media posts to identify opportunities to improve digital offerings.

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. “Regardless of whether you’re a customer of a regional bank or a large national, or international, bank, what matters is that you earn that trusted advisor seat,” he said.

Digital investments and the growth of regional credit card issuers

Accenture

regional credit card issuers have grown receivables by nearly nine percent, with the largest growth within this group being double digit. The post Digital investments and the growth of regional credit card issuers appeared first on Accenture Banking Blog. Payments Credit Card Issuer Payments Navigator Regional IssuerGuest blogger Tripp Gavin and Frank Martien examine the role technology investment has played in helping smaller banks grow faster than their larger counterparts.

How Regions Bank Provides an Amazon-like Experience

Bank Innovation

Regions Bank tied with Amazon.com in a recent ranking of web experiences. How does a super-regional bank match the efforts of one the most sophisticated digital companies in the world, one that obsesses over customer experience? Compliance Mobile Online Retail Technology amazon online banking Regions“Our customers ask for the same thing they did 20 years ago,” Andy Hernandez, EVP and head Read More.

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. Let’s imagine how concerning and tenuous it must be for a regional bank CIO looking to execute and innovate in today’s vendor market with the following options available to them: FIS leads, but where’s the client soul?

Regions Bank Teams Up with Marketplace Lender Avant

Bank Innovation

Regions Bank teamed up with online marketplace lender Avant Inc. Beginning in the second half of 2016, customers can apply for an unsecured loan on the Regions Bank website through the Avant platform, which will carry Read More. Innovations Lending Mobile Avant marketplace lending regions bankto provide customers with a streamlined loan application and underwriting “experience,” the companies announced this morning.

Regions to ‘Refresh’ Digital Offerings as Avant Comes Online

Bank Innovation

Regions Financial Corp. The Regions-Avant partnership was announced last April. Cards Lending Marketing Mobile Online Retail apps Avant ios marketplace lending regions bank Regions Financialis using its upcoming Avant deployment as an opportunity to “refresh” its digital offerings. The bank’s CEO, Grayson Hall, said yesterday during the company’s earnings call that the Avant loan application service will go live next month.

3 corner fight between Security Tokens, NASDAQ/NYSE and Regional Exchanges

Daily Fintech

Everything else was denigrated as a “regional exchange”. The post 3 corner fight between Security Tokens, NASDAQ/NYSE and Regional Exchanges appeared first on Daily Fintech. Fintech General ASX ipo NASDAQ NYSE regional exchanges security token“Going public” used to mean only one venue decision – NASDAQ or NYSE? In the past that tended to mean a lower valuation, as you were restricted to only local investors.

Contactless payments volume soars in Nordic region

Payments Source

Contactless payment volume surged during the first four months of 2020 in Denmark, Norway, Sweden and Finland, accounting for about 70% of all transactions, according to new data from Copenhagen-based payments technology firm Nets. Contactless payments Norway Finland Network rules Sweden Denmark

Currencycloud Links Regional Banks To X-Border B2B Tech

PYMNTS

To provide regional and community banks with a full-scale solution to manage and grow their FX programs, FinTech firm Derivative Path, Inc. Our industry-leading rates platform now combined with Currencycloud’s capabilities will make our offering even more powerful for our regional and community banking clients.”. and global payments platform Currencycloud have partnered.

How regional banks edged out larger rivals in reputation rankings

American Banker

Wells Fargo Regional banks Mary Mack Coronavirus Client communicationsThe results of the American Banker/RepTrak Survey of Bank Reputations underscore the importance of communicating in a crisis.

Regions Rolls Out Financial Education Program

Banking Exchange

The bank has launched Regions Next Step to offer free online tools and resources for customers The Economy Feature Financial Trends Duties Technology Community Banking Feature3 Fintech PPP Covid19. 1Community Banking

Kroger, Ocado To Build Regional High-Tech Fulfillment Centers

PYMNTS

Through our strategic partnership, we are engineering a model for these regions, leveraging advanced robotics technology and creative solutions to redefine the customer experience.”. The Cincinnati-based grocery chain, which has 2,757 stores nationwide, has partnered with Ocado to build warehouses in the Great Lakes, Pacific Northwest and West regions to accelerate its ability to provide customers with products. .

FinTechs Take A Regional Approach To SMB COVID-19 Relief

PYMNTS

Below, PYMNTS rounds up the latest solutions that FinTechs and lenders are developing to ease the PPP lending process for SMBs and FIs alike, with many initiatives focused on enabling regional and community banks to maintain a competitive edge against the biggest banks. Online SMB loan marketplace LendingTree launched its SBA loan marketplace designed to help SMBs access funding from regional and community banks.

Your Bank’s Social Media Strategy Needs to Drive the Consumer Experience (and Revenue), Says Regions Bank

Bank Innovation

Exclusive Online Social Media online banking regions bank Sapient Razorfish TwitterEXCLUSIVE—Social media strategy is a must for all areas of business in today’s world, including banks—who, fighting against entrenched perceptions of their legacy institutions, often rely on social media platforms to reach their younger customers. However, it’s not enough just to establish a presence on social media (the bare minimum of being considered alive, in.Read More.

Regions to buy equipment finance firm Ascentium

American Banker

The acquisition of the Texas-based lender will help Regions expand its offerings to small businesses while adding about $2 billion of loans to the bank's balance sheet. Regions Bank M&A Commercial lending Commercial banking Small business

Why Goodwill Regions Are Tapping Into Digital Marketplaces

PYMNTS

To bring their merchandise in front of millions of shoppers through eCommerce, several Goodwill regions are teaming with mobile marketplace OfferUp. With the tie-up, the items are listed under handles for regional Goodwill locations. More than 100 Goodwill store locations ranging from New York to San Francisco are uploading products like collectibles, clothing and furniture to the platform to drive in-store and online sales.

Churn And Regional Preferences Challenge Subscription Commerce

PYMNTS

In non-iPhone Apple news, last month the tech company introduced a “grace period” for lapses in app store subscriptions. Apple’s grace period can last for six or 16 days, depending on whether the subscription duration is weekly, monthly or longer. To the benefit of merchants, the consumer’s access runs uninterrupted during that period so revenue streams won’t be interrupted.

Regions Bank Makes A Digital Push With The Help Of AI

PYMNTS

Birmingham, Alabama-based Regions Bank is one such bank that is taking a digital-first approach as it seeks to remain competitive. What we’re really trying to do is shift the in-branch experience from what used to be very transaction-focused to much deeper and more meaningful advice and guidance in the brand,” said Shawn Bradley, Regions’ executive vice president of customer insights. “[We’ve] Another key facet in Regions Bank’s digital transformation is its ATMs.

Wealth Management Still a “People’s Business,” Says New Regions Exec

Bank Innovation

robo advisory — is a trend to “watch closely,” according to Kate Randall Danella, Regions Bank’s newest head of private wealth management. Corporate Innovations Mobile Operations Technology Wealth Management HR regions bank robo advisory SigFig techDigital advisory — a.k.a. But adoption by the bank is likely years away. It’s a space we are watching closely and having conversations now. We look into how Read More.

Regions' plan to boost lending in 2020

American Banker

Total loans at Regions Financial fell slightly last year, but executives say a shift in consumer lending priorities and more aggressive C&I lending will start to pay off this year. Earnings Regional banks Consumer lending Marketplace lending Regions Bank SoFi

Pack of regionals can satisfy stress tests with minimum buffer

American Banker

Six of the eight regional banks that announced their stress capital buffers on Tuesday said they will need just a 2.5% Capital Federal Reserve Stress tests Regional banks Coronaviruscushion to weather an economic downturn. All eight said they’ll keep their dividends steady.

Marriott Sees ‘Improving Trends’ In Greater China As Region’s Travel Begins Recovery

PYMNTS

Marriott CEO and President Arne Sorenson said on a Monday (May 11) earnings call that, overall, “negative trends appear to have bottomed in most regions around the world. He noted that occupancy levels in the region are currently a bit more than 30 percent, which is higher from the lows of below 10 percent in mid-February. As the coronavirus pandemic moved throughout the world, Marriott International Inc. reported that revenue per available room (RevPAR) plummeted by 22.5

Banks Need to Think of Their Customer Service in Terms of Seconds, Not Minutes, Regions Bank Says

Bank Innovation

Exclusive Lending Mobile Payments PFM Premium lending Mobile banking mortgages online banking online lending regions bankEXCLUSIVE—Consumers are impatient, and growing less and less inclined to fill out the long forms necessary to apply for a loan, mortgage, or other financial service. This is why banks need to use their treasure troves of data to make sure they don’t need to, Andy Hernandez, executive vice president and head of digital banking […].

Adobe On How Regional Payments Enable Global Growth

PYMNTS

based firms, he noted, as they soon realize that European countries like the Netherlands or Germany prefer bank-to-bank payments to credit cards, and that those in the Asia-Pacific region tend to favor mobile wallets and bank-based methods. This makes researching a region’s preferences critical before launching services there. Regionality is really important,” he noted.

NCR Widens Regional Service With Purchase Of Midwest POS

PYMNTS

The acquisition will expand NCR’s service to 1,000 restaurants in the region. NCR Corp. announced the acquisition of Midwest POS Solutions to expand its presence in Kentucky and Indiana, as detailed in a press release on Monday (Oct. Midwest POS is among the first NCR Aloha dealers. The Indiana- and Kentucky-based Midwest POS technology company has been serving the restaurant industry for more than 75 years.

Bitcoin Daily: Chinese Leaders Back Regional Digital Currency Plan

PYMNTS

In other news, leading political advisers in China have suggested a regional cryptocurrency, Coindesk reported. The Official Monetary and Financial Institutions Forum (OMFIF) unveiled the debut of its Digital Monetary Institute, Cointelegraph reported. The think tank’s founding members encompass financiers, policymakers, regulators and technologists in addition to select firms such as Cypherium.

Delivering Regional Flavor With State-Specific Subscriptions

PYMNTS

To offer shoppers a curated selection of local products ranging from décor to local flavors, eCommerce innovators are assembling subscription boxes around different U.S. states. California Found , for instance, is essentially a boutique gift box of artisanal goods from the Golden State. In lieu of a big-box store or Amazon , the box aims to provide shoppers with opportunities to purchase gifts for friends or loved ones through a different channel, with a differentiated experience.

McDonald’s Will Open 200 Restaurants In Nordic Region

PYMNTS

McDonald’s will open 200 restaurants in the Nordic region over the next 10 years, as well as begin home deliveries this year in an attempt to take on rivals, such as Taco Bell and Yum! McDonald’s currently serves 150 million customers each year in Denmark, Sweden, Norway and Finland from its estimated 430 restaurants in the region. The expansion will create 5,000 jobs in the region. Last year, McDonald’s sales in the Nordic region grew 5 percent to € 1.2

Bird To Roll Out Scooter Program In Three Regions

PYMNTS

The executive said it took longer than expected to work out all the details and kinks, and added that Bird Platform is trying to stay with one startup per region. Ultimately, the company expects each region to operate hundreds and eventually thousands of scooters. We want to provide the best vehicles and best technology, as long as they continue to invest and scale in the region.”.

Bulgarian bank launches region's first HCE-enabled mobile wallet

Mobile Payments Today

The bank said is using MasterCard's certified Host Card Emulation technology to enable contactless payments through its current mobile banking app

Synovus hires former Regions execs to form affordable housing business

American Banker

The additions come as the Georgia regional looks to maintain momentum in commercial lending. Regional banks Recruiting Affordable housing