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Five Challenges to Your Bank of the Future and Ideas to Overcome Them

Jeff For Banks

I recently mentioned to a community bank management team that community financial institutions are slower to close branches because their decision making goes beyond the spreadsheet and market potential. Community bankers know the town mayor, and key business leaders. We over-invest in under-performing branches.

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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. Some options include: In-person fraud prevention seminars, either held at a branch location or a local community center. Tap into anti-fraud resources offered by other organizations.

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