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How Banks Can Stay More Connected Like Amazon

Gonzobanker

Rework management accounting and resource allocations to reflect real production value instead of traditional profits and losses, which often treat marketing, contact centers and information technology as cost centers. Deploy strategic delivery plans—aligning with strategic or tech plans —that may start with a journey-mapping exercise.

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Cybersecurity Spring Cleaning Checklist 2023

Ublocal

Think about using a password manager. Scan Your Social Media Accounts Just like with your email, take some time to go through your social media accounts and remove any that you no longer use. Whenever you can, use multi-factor authentication to login to your accounts.

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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

While we wrote about the root cause of the failure of Silicon Valley Bank (SVB) HERE , the lessons of the current banking crisis go beyond interest rate risk management. 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.

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Squared Away- How It Happened

Jeff For Banks

I will be attending the Financial Managers Society FMS Forum this upcoming June. The challenge was that it was a book designed for community financial institutions. But for this exercise, I leaned on my family. But it is not as targeted towards micro issues facing community financial institutions, as was mine. Very niche.

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10 Data-Driven Ideas To Increase Branch Engagement

South State Correspondent

Despite that increase in profitability, banks need to be mindful of how they manage their branch and customer base to increase profitability further. 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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Fraud prevention and detection: Empowering clients through education

Abrigo

Effective fraud risk management includes detection and fraud monitoring that should consider customer or member history and behavior. Clients should also be wary of social media scams. While interacting with friends and family online can be a fun pastime, social platforms are a feeding ground for fraudsters.

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Non-Maturity Deposits – A New Machined Learned Framework For ALM

South State Correspondent

Recent bank failures hurting public perceptions, the current market trends of higher rates, Quantitative Tightening, digital banking, social media, and a flight to safety have increased the difference between model and observed liability durations. Banks take a pool from 2018, as an example, and then track runoff to the present.