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.

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.

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

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?

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.

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.

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

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.

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.

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 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

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.

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

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

Regions separates chairman and CEO roles

BankThink

Succession planning Corporate governance Career moves Grayson Hall Regions Bank AlabamaThe Alabama bank has named former power company executive Charles McCrary chairman instead of giving the job to new 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.

Cloudleaf to offer digital supply chain services in MENA region

The Paypers

(The Paypers) US-based IoT and digital transformation company Cloudleaf has teamed with Bahwan CyberTek to offer digital supply chain solutions in the MENA region

Collapse Of Regional Italian Banks Puts 40,000 SMBs In Jeopardy

PYMNTS

Earlier this year, Italy initiated its largest bank bailout in its history when it committed up to $19 billion to save two failing regional banks, Banca Popoalare di Vicenza SpA and Veneto Banca SpA. 20), the ongoing struggles of those FIs is putting as many as 40,000 small and medium-sized businesses (SMBs) in the region in jeopardy.

Regions not interested in bank acquisitions, CEO says

BankThink

Speaking at an investor conference Wednesday, John Turner said that sellers’ asking prices are too high and that Regions would prefer to buy a nonbank that could help boost fee income. M&A Regional banks Fee income Commercial banking Consumer banking Regions Bank

A Tale Of Two Payments Regions: UK And Germany

PYMNTS

But, of course, no two consumers are exactly alike – especially when comparing consumers across different regions of the world. The only way to predict what the emerging payments trends are for today is to seek out the one group of people who has the power to control the entire market: consumers.

Forget M&A: Regions takes different path in pursuit of growth

BankThink

Commercial banking Consumer banking Digital banking M&A Succession planning Growth strategies Deposits Regions Bank AlabamaNew CEO John Turner hasn't fully laid out his vision for the future, but it clearly will involve hiring specialized lenders, balancing labor-saving AI with old-fashioned relationship building, and more streamlining.

Why Regions did away with teller jobs

BankThink

Consumer banking Branch banking Branch management Branch network Workforce management Regions BankWhen the Birmingham, Ala., bank was rethinking its branch strategy, it had to reconsider the role of its tellers. Ultimately, it decided to transition those workers to a more general banker role that emphasizes meaningful conversations with customers and continuous career progression.

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.

Lighter reg touch could be mixed blessing for regionals

BankThink

LCR Liquidity requirements Stress tests Regional banks Regulatory reform Regulatory relief Investor confidence NSFR Lael Brainard Federal ReserveThe Federal Reserve Board plan to revise its post-crisis framework promises reduced compliance costs and other benefits. But some analysts see the removal of guardrails as increasing failure risk, which may spook investors.

Bulgarian bank launches region's first HCE-enabled mobile wallet

Mobile Payments Today

The bank said is using MasterCard's certified Host Card Emulation technology to enable contactless payments through its current mobile banking app

Airlink, Bell Helicopter Deliver Disaster Relief to Remote Regions in Haiti

Bank Innovation

What can data-driven startups gain from Ruhrgebiet region in Europe?

Dataconomy

The Ruhr region known to be a steel and coal mine hub in Europe is reimagining the entrepreneurial spirit which was it’s foundation 150 to 200 years ago. The post What can data-driven startups gain from Ruhrgebiet region in Europe?

Regions Financial names new president

BankThink

Succession planning Regional banks Grayson Hall Regions BankJohn Turner, the head of the Birmingham, Ala., company's corporate banking group, takes over the president's title from Chairman and CEO Grayson Hall.

Mobile payment usage in APAC region grows 30 percent in 2018

The Paypers

(The Paypers) Mobile payment usage in the APAC region has grown 30% in 2018, with 63% of consumers citing the mobile device as an important shopping tool

Regions partners with mortgage fintech

BankThink

Bank technology Fintech Mortgage technology Mortgage applications Digital mortgages Regions Bank Bank of America AmazonThe bank says its partnership with Lender Price will help streamline and simplify its home loan process.

US regional banks enjoy a golden age

The Banker

A decade on from the sub-prime mortgage crisis, the US’s regional lenders are using their ample capitalisation as a springboard for acquisitions and digital initiatives. Jane Monahan reports

Regional banks' reg relief triumph gives way to new battle

BankThink

Regulatory relief SIFIs Regional banks GSIBs Randal Quarles Kelly King SunTrust BB&T Fifth Third Keybank Huntington National Bank Federal ReserveBanks technically relieved of the “systemically important” label in last spring’s legislative package are lobbying regulators hard over concerns that they could still face tough standards.

Regionals finding fee income a less reliable Plan B

BankThink

Fee income Regional banks Earnings Capital markets Wealth management Mortgages Fifth Third Bancorp Regions Bank Synovus Financial Huntington BancsharesThe pressure is on for banks to lean more heavily on capital markets, wealth management and other nonmortgage sources of fee income. That could get tougher in upcoming quarters.

Regional banks get a boost; Kudlow considered

BankThink

Morning scan Dodd-Frank Regional banks Trump administration AML Digital paymentsSmaller bank stocks have outperformed the big banks with the prospect of Dodd-Frank rollbacks; Trump “very strongly” pondering TV analyst for adviser role.

Latin America Tech Booms As Brazil Dominates And Regional Investors Grow

CB Insights

Investors from around the globe are flocking to Latin America — within the first half of 2018, deep-pocketed investors like Andreessen Horowitz, Sequoia Capital, and DST Global have backed startups in the region. Since 2012, investments into the region have nearly tripled.

Regions Names Head of Insurance Unit

American Banker

Regions Financial has a new chief executive for its insurance business. breaking_news dealmaking-strategy people fee-income al national-regional

Regions taps insider to lead new office of community affairs

BankThink

Leroy Abrahams had previously served as president of the bank's North Central Alabama region. Regional banks C-suite Corporate ethics Corporate governance Regions Bank

Regions to sell insurance business to BB&T

BankThink

M&A Regional banks Brokers BB&T Regions BankBB&T is the nation's fifth-largest insurance broker. The deal, expected to close in the third quarter, would further expand its reach in the Southeast and Texas.

Texas 40

Why this regional bank made autism-friendly branches a priority

BankThink

Regions Financial is taking steps across its 1,500-branch network to embrace consumers with autism and train its staff to help them. Consumer banking Branch management Customer service Regions BankBusiness development, not just compassion, is part of the motivation.

The best API will win the day for regional banks

Bobs Guide

With more than 75% of larger global banks retracting their correspondent banking relationship in the international markets, regional banks are frequently turning to the new utility model as well as emerging fintech to keep delivering the international services to their clients that they’ve

Acuant, Codebase launch eKYC solution in GCC region

The Paypers

(The Paypers) Acuant and Codebase Technologies Digibanc have joined forces to provide the Gulf Cooperation Council region with a digital identity and eKYC solution called Digibanc Identity

Regions Buys Affordable-Housing Syndication Business

American Banker

Regions Financial in Birmingham, Ala., breaking_news national-regional dealmaking-strategyhas bought a business that manages low-income housing tax credits.

Regions' guide to building digital relationships

BankThink

Regions Financial's tool that helps customers find the right account for themselves is among the reasons why Andy Hernandez is a Digital Banker of the Year finalist. Digital banking Mobile banking National banks Bank technology Regions Bank