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 […].

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


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MENA Region Holds Regulatory Clues For Merchants


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.

Digital investments and the growth of regional credit card issuers


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.

BAS 2020: Regions taps IBM Watson to upgrade call center


Regions Bank is using AI technology from IBM Watson to improve its customer service. Automation customer service HSBC IBM Watson Premium regions bank TSB Bank

Regional Banks Guide Corporates To Future-Proof Accounts Payable


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.

How Regions Bank Provides an Amazon-like Experience

Bank Innovation

Regions Bank tied with 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.

BAS 2020: Regions upgrades consumer lending system with automation


Regions Bank is overhauling its consumer lending system to keep its competitive edge. “We Automation BAS20 Consumer Lending omnichannel Premium regions bank secured lending unsecured lending

Why Regional Supermarkets Need To Change Their Strategy


Toilet paper and bleach may be flying off the shelves right now, but regional grocers are fighting to stay alive. Some ideas for those have been published in a study by Bain & Company, The Future of Retail: A Survival Guide for Regional Grocers. On one hand, notes the report, the regional grocer’s local scale is losing the muscle to compete with the enhanced scale of the monster chains. grocery shoppers, pinpointing the qualities of a winning model for regionals.

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.

Major Core Vendors Are Failing Regional Banks


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’ Duggirala to present at Banking Automation Summit


Regions Bank’s enterprise chief operations and technology officer, Amala Duggirala, will take the virtual stage at the Banking Automation Summit to discuss best practices for automation project implementation. Automation Banking Automation Summit regions bank

CFPB investigating Regions’ overdraft practices

American Banker

Regions Bank Overdrafts CFPB Law and regulationThe bank disclosed in a regulatory filing that it is in the process of responding to a civil subpoena from the Consumer Financial Protection Bureau. It is the latest bank to come under regulatory scrutiny for the fees charged to consumers who overdraw their accounts.

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 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.

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

China Expects Economy To Improve In 2021 As Region Sees Boost In Tourism


Li Keqiang , Chinese premier, forecasts that the country could return to normal economic activity by next year, Reuters reports.

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.

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.

Currencycloud Links Regional Banks To X-Border B2B Tech


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.

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

Why Goodwill Regions Are Tapping Into Digital Marketplaces


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.

FinTechs Take A Regional Approach To SMB COVID-19 Relief


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.

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.

Kroger, Ocado To Build Regional High-Tech Fulfillment Centers


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. .

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 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

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 […].

Regions Bank Makes A Digital Push With The Help Of AI


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.

Churn And Regional Preferences Challenge Subscription Commerce


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' 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

Adobe On How Regional Payments Enable Global Growth


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.

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


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

NCR Widens Regional Service With Purchase Of Midwest POS


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.

McDonald’s Will Open 200 Restaurants In Nordic Region


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