Remove Community Remove FDIC Remove Online Remove Seminar
article thumbnail

3 Ways Financial Institutions Can Step Up for Underserved Communities

Perficient

The financial services industry must consider its customer experience game while also grappling with a sense of distrust from many communities due to systematic barriers, maintaining utmost accessibility due to the essentiality of the business, and the lack of financial literacy across the country. Trust and Transparency. .

Community 275
article thumbnail

Fraud prevention and detection: Empowering clients through education

Abrigo

Takeaway 2 Client fraud education at financial institutions should include takeaways that explain how to protect themselves from phishing and tips for staying secure online. While interacting with friends and family online can be a fun pastime, social platforms are a feeding ground for fraudsters. According to the FTC , $2.7

Fraud 195
article thumbnail

Traditional Banks v. Alternative Lenders: How Goliath Can Beat David

Banking 2020

According to FDIC Data Calls as outlined in the Forbes , in the 4th Quarter of 2014, traditional banks’ commercial loan portfolios saw a 3.1% Here are a few ways Kyle described how this concept might work: Marketing to the local community and actively becoming a part of it. Now is the time to change that perception.