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.

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.

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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.

Why Regional Supermarkets Need To Change Their Strategy

PYMNTS

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.

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?

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.

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.

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.

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 Kroger Family of Companies, the nation’s largest supermarket chain, and Ocado Supermarket Co.,

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. and global payments platform Currencycloud have partnered.

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.

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

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. As the coronavirus pandemic moved throughout the world, Marriott International Inc.

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.

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

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

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.

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' 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

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.

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.

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

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.

2Q preview: Regional banks staring at steep profit declines

American Banker

While elevated loan-loss provisions are expected to eat into all banks’ earnings, midsize banks could suffer more than their big-bank rivals because they have fewer revenue drivers.

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.

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.

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.

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.

After big banks suspend stock buybacks, will regionals follow suit?

American Banker

Regions Bank Bank stocks PNC Financial Services Group U.S. They are under less pressure from policymakers to halt repurchase plans, but some have already hit the brakes and others may unofficially do so if the pandemic worsens. Bancorp Coronavirus Buybacks

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.

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.

Bitcoin Daily: OMFIF Debuts Digital Monetary Institute; 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.

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.

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.

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