New PYMNTS Data Show Sharp Regional Variations In Disposable Income

PYMNTS

Bridge millennials in ce rtain regions can be particularly prone to facing precarious financial situations while juggling their expenses. Consumers in the Mountain region, meanwhile, were those least likely to report living paycheck to paycheck, at 49 percent.

Regional Banks Accelerate Modernization Through FinTech

PYMNTS

The Core-as-a-Service (CaaS) provider will integrate its core banking technology within the Tennessee-based regional bank, with First Horizon pointing to growing competitive forces within the regional banking arena.

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Regions eyes bigger role in financing renewables

American Banker

Regions Bank Earnings ESG Commercial lending

Regions Bank sees potential threat in rising COVID cases in Southeast

American Banker

Regions Bank COVID-19 Earnings Commercial lending

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.

Commoditization, Optimization or Transformation: What’s in Your Core Wallet?

Gonzobanker

It has become crystal clear that digital transformation is now the largest technology initiative for regional and community financial institutions. Three winning core strategies to accommodate any financial institution’s budget, business case, and future vision.

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.

Appointments: Middlefield, Pacific Western, Regions Bank

Banking Exchange

Middlefield CEO to retire, while Pacific Western creates chief innovation officer role Management Feature Human Resources Feature3. 1Management

Deposit glut ties Regions' hands

American Banker

Regions Bank Net interest margin Liquidity Deposits Earnings Regional banksDeposits are soaring while loan demand lags and mortgage-backed securities offer weak returns. So the Alabama company has parked loads of cash at the Fed in hopes the economy will pick up steam before profit margins suffer.

Regions buying industrial loan company EnerBank USA

American Banker

Consumer lending Regions Bank ILCs Point-of-sale M&A

Two more regional banks are rethinking overdraft fees

American Banker

Regions Bank Overdrafts Citizens Financial Consumer banking Fee income

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.

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.

Regional banks, credit unions begin lending to pot firms

American Banker

Credit unions Regional banks Commercial lending Cannabis

MercadoLibre Earnings Show Power Of ‘Digital Front Door’ For Developing Regions

PYMNTS

It all makes the LATAM region a fascinating use case in how eCommerce and payments can not only invigorate economies but also allow regional players to expand more assertively cross-border by leveraging the network effects and digital exactitude inherent in online marketplaces.

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 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.

Regional, Community Banks Face Digital Challenges Post-Pandemic

Banking Exchange

Greenwich Associates reports widening gap in digital investment between national and regional banks Community Banking Feature3 Feature Technology Retail Banking Covid19 PPP Customers Tech Management Mobile Online.

Big Banks Outperform Regions in Mobile Apps, Says Survey

Banking Exchange

Bank of America ranks highest in banking mobile app satisfaction, reports JD Power Retail Banking Feature Lines of Business Technology Mobile Online Tech Management Feature3 Community Banking Consumer Compliance Customers. 1Retail Banking

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.

Ashley Garrison, Regions Bank | Next 2021

American Banker

Regions Bank Human Resources The Most Powerful Women in Banking: NEXT 2021 Women in Banking

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.

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.

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.

Bitcoin Daily: Bithumb Restricts Crypto Trading In Regions Without AML Rules; Blockchain.com Crypto Wallet Experiences Outage

PYMNTS

Bithumb has banned users from nations without proper anti-money laundering (AML) rules, The Korea Herald reported Tuesday (March 9). The ban extends to 21 countries, which are all on the Financial Action Task Force ’s (FATF) watchlist for not having AML rules in place.

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

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.,

Regions not interested in bank M&A, CEO says

American Banker

The Alabama company is instead on the hunt for nonbank acquisition candidates as well as employees or clients it could lure away from regional banks that have announced merger deals recently, John Turner says. Regions Bank Stress tests M&A Regional banks

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 Coronavirus

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.

BAS 2020: Regions taps IBM Watson to upgrade call center

BankInovation

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

Deposit glut weighs on regional banks

American Banker

Regional banks Commercial lendingHarris Simmons of Zions Bancorp. warned that excess deposits could suppress loan demand and pose an inflation threat, while Darren King of M&T tried to reassure investors that deposits will be less volatile than some fear once the economy improves.