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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

Percentage of Uninsured Deposits: At the time of failure, SVB had approximately 88% of their deposits above the FDIC-insured $250k limit and ran at 95% at the end of last year. 8) Deposit Impact of Social Media: SVB’s customer base and followers were highly active on Twitter and other social media properties.

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AI fraud challenges: How to guard against losses

Abrigo

As we harness the power of AI to enhance operational efficiency, detect patterns, and optimize decision-making processes, financial institutions must remain vigilant. Public social media sources have made it easier for fraudsters to obtain information by looking at what people post online.

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Trust: Once Again the Most Precious Currency in Banking

Gonzobanker

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? “Bank confidence is a fragile reed, and a troubled bank is damaged by any rumors, true or not.”

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Fighting Fraud with… Fake Fraud?

Bank Innovation

Humans are by nature vulnerable to social engineering and may discuss where they work on social media — LinkedIn is a treasure trove for would-be bank hackers. The most vulnerable point in a bank’s network today might just be Bill over in marketing — or any employee. A common attack against a Read More.

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10 Top Banking Podcasts You Should be Listening to

Abrigo

In many cases, the podcasts or hosts have sizable social media followings, and all release a new episode at least once per month so you can stay up to date with the latest trends in the finance world. If you have an interesting podcast to share, please send it to marketing@abrigo.com.

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Seeking Banking Balance Between Physical And Digital

PYMNTS

With more consumers moving to mobile transactions over visits to branches, some banks are considering closing brick-and-mortar locations to reduce operational costs. The price of real estate is prompting even the largest players in the banking world to scale back their branch operations. Inspiration in Mobile Apps.

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How Banks Are Marketing to Different Demographics Online

NCR

We’ve learned that through a smart combination of website translation, Conversion Rate Optimization (CRO), and insights into localized Pay Per Click (PPC) and social media campaigns, banks can achieve sustained success in new markets. According to the FDIC , almost 50% of US Latino households are “unbanked or “under-banked.”

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