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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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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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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. If it doesn’t, then it’s worth a management discussion over if you should have fewer branches. Many banks succeed with their branch network despite themselves.

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Are You Ready For A Cyberattack?

PYMNTS

The International Telecommunications Union (ITU) gave these three African countries the highest marks in the region in its Global Cybersecurity Index based on their legislative frameworks, technical capacity to respond to incidents and cooperation with other countries. Charlie Huggins, fund manager at Hargreaves Lansdown, agreed.

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12 Industries That Will Thrive Thanks To Millennials

CB Insights

Social media is also helping campers discover new places to visit, then share their experiences with others: 30% of millennials said that they picked a camping spot after seeing someone else go there. As with many industries in today’s information economy, millennial travel trends are strongly influenced by social media.

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The AI Industry Series: Top Healthcare AI Trends To Watch

CB Insights

Similarly, nearly 10,000 people use the mPower app, which provides exercises like finger tapping and gait analysis to study patients with Parkinson’s disease who have consented to share their data with the broader research community. . Apple is also working with popular EHR vendors like Cerner and Epic to solve interoperability problems.

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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

As more people have worked, learned, banked, exercised, relaxed, and even sought medical care from home during Covid-19, they have gotten a crash course in just how much can be accomplished at home. In October 2019, robo-advisor Betterment introduced a series of cash-management products, including high-yield savings and checking with ATM.

Industry 101