Boost Broadens Biz Card Network To 30 Regions

PYMNTS

4) said Boost Payment Solutions is expanding its commercial cards network to new regions around the world, a move the company said would strengthen its international acquirer relationships and broaden the reach of its straight-through processing (STP) solution, Boost Intercept.

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.

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.

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.

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.

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.

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.

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?

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.

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.

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.

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

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

Regions' big investment in digital is paying off

BankThink

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

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.

Boost expands international card network to new regions

The Paypers

(The Paypers) Boost Payment Solutions has announced the expansion of its international commercial cards network to nearly 30 regions

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

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 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.

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

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

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

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.

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.

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 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 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

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

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.

A-Rod, J. Lo invest in fintech; Inverted yield curve hurts regionals

BankThink

The power couple wants to help turn Acorns Grow from a niche app into a megabank; with many floating-rate loans, regionals’ profits drop as yields slip. Morning scan Fintech CRA Regional banks Gender issues Regulatory relief M&A Joseph Otting

A regional bank chief's case for the long view

BankThink

Regional banks Digital banking Fee income Citizens FinancialWeighing in on interest rate and other uncertainties facing all banks, Citizens Financial CEO Bruce Van Saun emphasized investments in point of sale, digital banking and other initiatives meant to enhance revenue down the road.

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.

Amazon Makes Bid For All Of The 22 Regional Sports Networks Disney Is Unloading

PYMNTS

Amazon.com, the eCommerce giant, is reportedly making a bid for all of the 22 regional sports networks that Disney purchased as part of its Twenty-First Century Fox deal. CNBC wasn’t able to ascertain how much the suitors are bidding on the regional networks.

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.

Bitcoin Daily: Binance To Launch Regional “Libra-Like” Currency; Coinbase Left 3K User Passwords Unprotected

PYMNTS

Binance has announced plans to launch its blockchain project, Venus, to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. Binance is looking to create new alliances and partnerships with governments, corporations, technology companies, and other cryptocurrency companies and projects involved in the larger blockchain ecosystem, to empower developed and developing countries to spur new currencies,” the company wrote in a blog post.

Global ATM Survey Reveals Significant Regional Differences

Mobile Payments Today

ATMs are widely available around the world, however, usage appears to vary greatly. This new infographic looks at the results of a recent survey commissioned by TNS into how consumers use this technology. Download your copy now

Regions Bank using IBM’s Watson to answer customer questions

BankThink

Artificial intelligence Machine learning Virtual assistants Customer service Regional banks Regions Bank IBMThe artificial intelligence engine will handle simple queries directly, feed information to customer service reps for others and analyze all calls.

Goldman Sachs, Regions help raise $55M for construction-lending fintech

BankThink

Venture funding Construction industry Fintech Global investing Venture capital Commercial lending Goldman Sachs Regions BankBuilt Technologies will use the money to invest in research and development while it builds out its client base.

Fintech In Mexico: 80+ Startups Bringing Financial Innovation To The Region

CB Insights

The post Fintech In Mexico: 80+ Startups Bringing Financial Innovation To The Region appeared first on CB Insights Research. Like much of Latin America, Mexico is seeing an uptick in financial innovation — especially around digital payments.

Regionals' proposed CECL fix gets thumbs-down

BankThink

CECL Accounting regulations Capital requirements Community banking Regional banks FASBBigger banks complained that a two-tier system would force them to rethink their models, while smaller banks raised concerns about adding more complexity to an already burdensome process.

Fintech regions to watch out for in 2019

Bobs Guide

Headlining in 2018, the price volatility of bitcoin, cloud computing, and challenger banks stole the show. Funding in the UK from the government in East London Tech City and tech partnerships in Brazil and South Africa, has shown that digitisation and innovation have been front of mind for both

Afreximbank supports intra-regional trade with USD 25 bln

The Paypers

(The Paypers) African Export-Import Bank has disbursed USD 8 bln out of the USD 25 bln it planned on a revolving basis to support intra-regional trade between 2017 and 2021

Rachel Bryant, Regions Bank | Most Powerful Women: Next

BankThink

Women in Banking Risk management Stress tests Compliance Regional banks Regions BankRachel Bryant specializes in risk management, and she applies that framework not only to her job duties, but also to her career path.