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Community Banks Are Missing Out on the Value of Social Media

The Financial Brand

This article Community Banks Are Missing Out on the Value of Social Media appeared first on The Financial Brand. Nearly 9 in 10 community and regional banks are active on social media, but they lag on using it for sales. Meanwhile, examiners are keeping tabs.

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Bank wire fraud – How social engineering and technology perpetrate fraud losses

Abrigo

Would you like other articles like this in your inbox? While previously, fraud was local or regional, today, scammers leverage technology extensively. They employ technology and social engineering tactics, reaching victims through email, social media, and text messages. Spread the word.

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How To Improve Uninsured Deposit Performance

South State Correspondent

In this article, we will look at deposit performance data related to high balances and show how banks can dramatically increase value by restructuring relationship-based products and better-allocating marketing/sales dollars more efficiently. For example, while banks in the Southeast and Mid-Atlantic regions of the U.S.

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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

This article highlights ten not-so-evident lessons of the banking crisis that every banker must consider going forward. Some form of this ratio will likely be applied to the national and regional banks, which means larger community banks will also be judged by this ratio. SVB showed what happens when this risk is realized.

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Big Tech Compliance Tracker: France Fines Amazon And Google $164 Million; Australia Warns Facebook And Google To Pay News Firms 

PYMNTS

The watchdog said both firms had contravened the French Data Protection Act’s Article 82. 9, accusing the company of “illegally maintaining its personal social networking monopoly through a years-long course of anticompetitive conduct.”. Amazon was told to pay 35 million euros (approximately $42.5

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Big Tech Compliance Tracker: Apple, Google, Amazon Boost UK Fees To Cover New Digital Tax; Amazon Gets FAA’s OK For Drone Delivery 

PYMNTS

Tumusov wrote in a social media post that “lowering the commission and having the ability to bring products to users is a growth opportunity for IT developers.”. Facebook Might Ban Users From Posting News Articles in Australia. DOJ Reportedly Plans to Sue Google as Early as This Month.

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10 Data-Driven Ideas To Increase Branch Engagement

South State Correspondent

In this article, we look at cell phone tracking data for about 1,000 branches across the industry to derive insights to help banks increase branch engagement and boost branch profitability. Take the time and effort to explain the backgrounds of the bankers, both personal and professional, and invite the community to establish a relationship.

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