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.

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

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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.

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

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

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

Suddenly, expenses rising faster than revenue at regional banks

American Banker

Citizens Financial Group’s fourth-quarter results highlight the challenges regionals face in generating top-line growth. Earnings Regional banks Consumer lending Commercial lending Bruce Van Saun Citizens Financial PNC Financial Services Group Regions Bank U.S.

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

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 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.

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.

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.

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?

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 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.

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.

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.

C&I picture brightens for regional banks

American Banker

Commercial lending was sluggish in 2019, but leaders at Huntington, KeyCorp and M&T are encouraged that rates are stabilizing and business sentiment is improving. Earnings Commercial lending Net interest margin Revenue and expenses

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.

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.

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 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.

Japan’s Struggling Regional Banks Take Investment Risks To Stay Afloat

PYMNTS

Japan ’s struggling regional banks are taking on riskier investments as they struggle to survive. There’s excessive competition among regional banks now, which is driving fierce competition to get profit margins,” said Takayuki Atake, head of credit research at SMBC Nikko Securities Inc.

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

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

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.

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.

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.

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.

Big Banks Improve, Regionals Stuck in Neutral: 2016 Reputation Survey

American Banker

Large banks are gaining momentum as regional banks stall in the annual American Banker/Reputation Institute Survey of Bank Reputations. magazine national-regional

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.

Wells Fargo Names Regional Head of Middle-Market Banking

American Banker

breaking_news womenin-banking people small-business national-regionalWells Fargo has named Monica Cole to head middle-market banking for six Midwestern states.