Regional Banks: How to future-proof a financial institution
Like many organizations, regional banks are experiencing a time of rapid change. In the wake of a pandemic, and in order to keep up with an increasingly digitized society, these institutions need to augment their services to remain competitive among other banks and appeal to societal shifts. But regional banks don't need to go on this journey of transformation alone, with fintechs and other partners at the ready to help them make sense of the evolving retail banking industry and to help them adopt modern solutions.
In today's episode of Financial Futures, we'll be joined by senior vice president and group executive of regional banking at FIS, Nicole Pienkos, and vice president and business executive at FIS, Mike Gravelle. We'll be exploring the challenges that are facing regional banks and examining some of the solutions and opportunities that are emerging out of this period of innovation. We'll also find out what sets regional banks apart from the community and national banks and take a look at what makes them uniquely suited to address the financial needs of their customers. Plus, we'll hear how having the right tech partners helped regional banks to rapidly adapt to the hurdles presented by the pandemic, and we'll find out how they're carrying those lessons through to serve an increasingly digitized society.
We'll also ask:
- How are data insights driving regional banking innovation?
- Why could digitization be one of the keys to addressing gaps in the workforce?
- What do banks need to consider when adopting new technologies?
- Why is it important to have good fintech partners?
- Why were regional banks instrumental in the payment protection program during the pandemic?