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.

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.

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. At the heart of Regions’ digital push is a sophisticated AI tool to assist bank staff in their customer interactions.

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.

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. The post Major Core Vendors Are Failing Regional Banks appeared first on Gonzobanker.

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. Regionality is really important,” he noted.

NEW REPORT: Behind Regions Bank’s AI-Powered Digital-First Push

PYMNTS

That is something Alabama-based Regions Bank has sought to achieve through its AI ROSIE, according to Shawn Bradley, executive vice president of customer insights for the bank.

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.

Consolidation isn't the answer for regionals

BankThink

If regional banks really want to compete against behemoths and nonbank entrants they need to emphasize products over M&A. M&A Strategic buyers Consolidations Community banking Branch network BB&T SunTrust

Regions Financial rethinking M&A after First Horizon-Iberiabank deal

BankThink

If the no-premium agreement announced by First Horizon and Iberiabank this week is a sign that sellers’ asking prices will come down, then Regions might reconsider its anti-M&A stance, a company executive said.

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?

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.

Regions leery of expected Fed rate cut

BankThink

Regional banks Earnings Workforce management Interest rates Regions Bank Federal ReserveThe Birmingham, Ala., company warned in its earnings call that moves by the central bank could make it harder to lower costs.

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.

A survival guide for small regionals

BankThink

Growth strategies M&A Commercial lending Wealth management Mortgages Regional banks Community banking Earnings

Zions is latest regional to announce layoffs

BankThink

Regional banks Consumer banking Earnings Net interest margin Zions Bancorp. Huntington Bancshares and U.S. Bancorp also said in recent days that they are eliminating jobs to reduce overhead and improve profits.

Regions set to replace core deposit system

BankThink

Core conversions Core systems Deposits Earnings Credit quality Commercial lending Regions BankThe company says the upgrade will support future digital investments. It also said Tuesday that third-quarter profits climbed 8% but reported a sharp increase in criticized business loans.

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.

Why Regional Payment Preferences Matter For Global Subscriptions

PYMNTS

Beyond product and strategy, payment methods come with highly regional preferences. A recent study by GoCardless analyzed payment preferences for subscriptions, memberships, bills and installment plans in 10 countries and found a number of regional quirks.

Pressure's on regionals to boost fee income

BankThink

The problem is regionals tend to lack the side businesses that the big banks possess to offset lending slumps. Performance reports Regional banks Community banks Growth strategies Deposits M&AMargin expansion may grind to a halt if the Fed holds rates steady or cuts them further.

Regional banks use hedging tactics to combat rate cuts

BankThink

KeyCorp, Regions Financial and others have sacrificed short-term profits to avoid being crushed by an anticipated decline in interest rates. Interest rate risk Regional banks Earnings Interest rates Net interest margin Greg Carmichael KeyCorp Fifth Third Bancorp Regions Bank

Japan’s Struggling Regional Banks Take Investment Risks To Stay Afloat

PYMNTS

Japan ’s struggling regional banks are taking on riskier investments as they struggle to survive. There’s excessive competition among regional banks now, which is driving fierce competition to get profit margins,” said Takayuki Atake, head of credit research at SMBC Nikko Securities Inc.

New Fears Over China’s Regional Banks As EY Quits

PYMNTS

China’s community banks are raising new fears over the health of the industry after auditor Ernst & Young resigned from its work with regional bank Bank of Jinzhou.

Regions' big investment in digital is paying off

BankThink

Digital banking Consumer banking Mobile banking Mobile technology Online banking Digital mortgages Regions Bank

Chargeoffs on Rise at Regionals

American Banker

Several regional banks, including Huntington and UMB, have reported higher net chargeoffs in the third quarter. earnings-national-regional-banks performance oh mo national-regional

Regions recruits fraud specialist from BBVA Compass

BankThink

The Southeastern regional bank said Thursday that it had hired Lee Byrd to a new role dedicated to protecting customers and the company itself from fraud. Fraud detection Fraud prevention Regional banks Recruiting Digital banking Regions Bank BBVA Compass

Regional banks sound alarm over new interest rate benchmark

BankThink

SOFR LIBOR Policymaking Regional banks Joseph Otting Jelena McWilliams Randal Quarles Federal Reserve FDIC OCCExecutives sent a letter to the federal banking regulators last month expressing concern that an alternative to the London interbank offered rate could limit credit availability.

Regions AI tool helps steer cross-selling

BankThink

It’s a good example of a regional trying to balance competitive pressures and cost control. Artificial intelligence Regional banks Consumer bankingThe Alabama bank’s artificial intelligence system ROSIE pulls information from hundreds of data sources to help employees suggest the best new product or service to offer a customer.

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 Twitter

Shopee opens new regional base in Singapore

The Paypers

(The Paypers) Shopee has opened its new regional headquarters in Singapore as the ecommerce player looks to drive further growth in Southeast Asia

Synovus lands Regions exec to fill CFO spot

BankThink

Jamie Gregory has worked for Regions for a decade and was named head of corporate financial strategy early this year, but he's jumping ship to Synovus in late June. Regional banks Succession planning Recruiting C-suite Synovus Financial Regions Bank

US working capital provider PrimeRevenue further expands in EMEA region

The Paypers

(The Paypers) US-based supply chain finance provider PrimeRevenue has announced the expansion of its presence in the EMEA region

Regions to buy health care asset management firm

BankThink

Regions Financial is following the lead of other regionals, which have been scooping up investment firms that specialize in health care. M&A Asset management Asset managers Regional banks Healthcare industry Regions Bank

One regional bank’s plan to wait out the Fed

BankThink

Growth strategies Net interest margin Regional banks Earnings Interest rates M&A Fee income Mortgages Citizens Bank Federal ReserveCount Citizens Financial’s Bruce Van Saun among those who think interest rate cuts could halt by mid-2020.

Regions Private Wealth Manager Promoted

American Banker

The $126 billion-asset holding company for Regions Bank said Jeremy King, who had been support manager for private wealth, is now executive vice president of wealth management strategy and effectiveness for Regions Wealth Management.

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

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.

Regions bailing on indirect auto lending

BankThink

Auto lending Regional banks Consumer banking Regions BankAdd the Alabama company to the list of lenders that are disappointed in the returns on loans made through car dealers and the ability to build broader relationships with those borrowers.

Regions shuffles more executives

BankThink

Since John Turner took over as CEO in July, Regions has announced several executive appointments, including promoting Kate Danella to oversee strategic planning. Women in Banking Regional banks Succession planning Wealth management M&A

Regions names new heads of tech, M&A, consumer banking

BankThink

Consumer banking Technology M&A Regions BankAmala Duggirala, Logan Pichel and Kate Danella are all part of the executive leadership team reporting to CEO John Turner.

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.

On the cusp: regional integration in Asia

Celent Banking

One of the major themes will be regional integration, which is another way of saying the development of cross-border markets. In insurance, the continued development of regional markets. Financial institutions will be challenged to create new business models and technology strategies to extract the opportunities offered by regional integration.

A Regional Approach To Global SME Trade

PYMNTS

But FedEx Business Insights also found that intra-regional exporting is a major force behind SME growth today, perhaps serving as a stepping stone for small businesses that may have their sights set on global growth ahead. Intra-regional exporting is a strong driving force, representing an average of nearly $800,000 in revenue, 10 percent above their exports to other regions,” the report stated.