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Trust: Once Again the Most Precious Currency in Banking

Gonzobanker

Bank confidence is a fragile reed, and a troubled bank is damaged by any rumors, true or not.” Irvine Sprague, Former FDIC Director So Gonzo Bankers … how many of us have been hesitant lately to check our iPhone each morning to see what trouble may have hit the fan in the financial world during a few restless hours of slumber?

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Seeking Banking Balance Between Physical And Digital

PYMNTS

Chase, Wells Fargo, Bank of America and Citi, to name a few, all scaled back their physical bank branch locations between 2012 and 2016, according to the Federal Deposit Insurance Corporation (FDIC). Additionally, if recent trends are any indication, physical bank branches stand to lose a lot of ground in the near future.

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Seven Big Threats Facing Seven Big Tech And Payments Players This Halloween

PYMNTS

In most of those cases, the narrative was about the rise of the neo-bank targeted to millennials, whose distrust of traditional banks rivaled that of their parents’ or grandparents’ distrust of “The Establishment” in the 1960s. And that is a bank – one with FDIC insurance and safeguards that keep their money safe.

Payments 196
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Fraud prevention and detection: Empowering clients through education

Abrigo

As financial transactions become increasingly digital, consumers and businesses must be equipped with the knowledge to navigate day-to-day business securely. At the same time, it is important not to deter clients from using digital banking methods for daily transactions. Clients should also be wary of social media scams.

Fraud 195
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Finovate Fall 2016 Live Blog – Day 2

William Mills

Customers want self-service capabilities but regulation and risk is top of mind that get in the way of digital interactions. Social media is a special challenge since social media was not created with compliance in mind. They record automatically on digital channels. Especially to bank or invest?