Gonzobanker

MARCH 22, 2023

Here are seven key areas where bank executives need action plans to address burning challenges: Communication – Bankers have been working to calm their customers and community, but the quantity and quality haven’t yet met the standard in an always-on social media world where the public is sniffing for transparency and authenticity.

social media 78

social media Capital Risk Management Strategy 78

Jack Henry

OCTOBER 22, 2014

This helps me understand the FI’s products/services, business culture, and face to the community. I also like to check for staff pictures on the chance that I can put a face with a name for the particular employee that I am working with on IT regulatory compliance and risk management efforts.

Community 83

Community Meeting Compliance social media 83

Insights on Business

NOVEMBER 20, 2018

If you operate in any regulated industry, you need to assure both the regulatory community and your clients that you are acting in the best interests of the customer. In most cases, risk management and compliance teams haven’t been able to evolve quickly enough to keep pace with the relentless ingenuity of the wrongdoers.

Analytics 79

Analytics Compliance Risk Management social media 79

Gonzobanker

DECEMBER 22, 2020

Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. And how did community banks and credit unions respond to the COVID craziness? Jill is continually demonstrating just how loud a $300 million community bank can roar!

Idaho 181

Idaho Community Industry Strategy 181

Gonzobanker

JANUARY 4, 2016

There is strength in numbers, and there’s absolutely no reason for community bankers to try to compete against players a hundred times bigger on their own. We see the types of content being shared through social media. As consultants , we haunt the halls of industry conferences.

San Diego 60

San Diego Phoenix social media Strategy 60

Jeff For Banks

JUNE 2, 2023

Second, this can be accomplished only if the industry does not have too much influence over its regulators and if the regulators have the ability to hire, train, and retain qualified staff. Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate? We were concerned about the panic.

FDIC 78

FDIC Community Bank Regulation Lending 78

FICO

APRIL 5, 2017

This allows us to apply AI to improve risk prediction without creating “black box” models that don’t give risk managers, customers and regulators the required insights into why individuals score the way they do. By contrast, FICO analyzes new data sets along five lines to see if they will add value to credit risk scoring.

How To 52

How To Analytics social media Data 52

Abrigo

FEBRUARY 8, 2024

Takeaway 3 Numerous resources can help banks and credit unions offer training on fraud to help customers or members recognize scams and avoid theft. Effective fraud risk management includes detection and fraud monitoring that should consider customer or member history and behavior. According to the FTC , $2.7

Fraud 195

Fraud Resources social media Software 195