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

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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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

Podcast: A Continuous Cycle of Tech Investment at Regions Bank

ABA Community Banking

Regions Bank exemplifies the latter mindset. The post Podcast: A Continuous Cycle of Tech Investment at Regions Bank appeared first on ABA Banking Journal.

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

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.

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 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.

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

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.

Why this regional bank is dumping N.Y. multifamily loans

American Banker

People's United in Connecticut is letting the loans run off its books as it invests in higher-yielding commercial loans. Community banking Commercial lending Earnings Multifamily Connecticut Massachusetts New York

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.

Regions Bank Plucks New CIO From FinTech Arena

PYMNTS

The latest example of this comes from Regions Bank at its corporate headquarters in Birmingham, Ala. Prior to joining the Regions Bank community, Duggirala served as the CTO of Kabbage, a small business lender. Regions Bank’s head of regional banking, John Owen, and Duggirala’s direct supervisor commented on her hiring and the value she’ll add to the team. ” Payment Methods amala duggirala CIO CTO FinTech Innovation Regions Bank What's Hot

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.

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

Fintech regions to watch out for in 2019

Bobsguide

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

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.

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

The SME trends fintech companies need to know in the MENA region

Daily Fintech

The post The SME trends fintech companies need to know in the MENA region appeared first on Daily Fintech. Jessica Ellerm is a thought leader specializing in Small Business and the Gig Economy and is the CEO and Co-Founder of Zuper, a neowealth disruptor in Australia.

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

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

Bank Innovation

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.

Regional Banks and Institutions Give Employers Lower Ethics Rankings

Banking Exchange

Survey also finds fewer than half of bank employees know what conduct and ethics controls are in place Compliance Management Compliance/Regulatory Community Banking Feature3 Financial Research Human Resources Feature Management Compliance. 1Compliance