Independent Banker

OCTOBER 14, 2014

A status update on banks and social media. According to a statistic released as part of the ICBA 2014 Top 50 Community Bank Leaders in Social Media, nearly 2,500 banks have a Facebook or Twitter presence, and the numbers continue to exponentially grow. .* 140-word summary of the social media guidance.

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social media Risk Management Compliance Community Bank 88

PYMNTS

DECEMBER 10, 2018

Social media giant Facebook is looking to grow its blockchain team, according to a report. The company said its ultimate goal is to “help billions of people with access to things they don’t have now – that could be things like equitable financial services, it could be new ways to save, it could be new ways to share information.

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blockchain social media cryptocurrency Risk Management 177

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. Fraud Risk Mitigation Fraud was the single largest topic at Nacha.

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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.

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social media Capital Risk Management Strategy 78

Gonzobanker

APRIL 11, 2023

We’re living in a world where trust can snap overnight and social media has no off hours. Inform them of the upcoming change across all your brand’s channels (website, mobile app, social media). Be proactive on social media so that negative commentary from disgruntled users won’t elude your firm.

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Digital Banking social media System Customer Experience 146

Abrigo

MARCH 6, 2017

The ABA has a new report out on how banks are using social media, and much of the report focuses on using Twitter, Facebook, LinkedIn and the like to boost customer service, make connections in the community and recruit staff. It often Tweets columns tied to breaking news and statistics. Learn more here.

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PYMNTS

APRIL 2, 2020

Banks can even harness external regulatory, trading and social media engagement data, all of which can be processed and analyzed to benefit their operations. Financial data is useful in helping banks develop wide-reaching marketing campaigns, but social data is critical to developing offers for specific customers. “If

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PYMNTS

JUNE 16, 2019

In addition, the social media giant plans to connect users’ financial information to their personal Facebook profiles, which means that the data would be under the company’s control. Meaning some computation being done could kick you out of Uber, Facebook and Shopify, if you become a risk-management issue.”.

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Independent Banker

OCTOBER 1, 2022

Gen Z, the younger generation, has transitioned into the workforce and is primarily being targeted through social media messages and chatbots,” Fratangelo says. While devoting more space on your bank’s website or in your social media posts related to financial fraud prevention is good, more will always be needed,” he says.

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Fraud social media Millennials Examples 133

PYMNTS

OCTOBER 14, 2019

Many of the risks that companies face not only stem from these vendors further down the supply chain, but often aren’t recognized by corporations struggling to obtain visibility and connectivity to those suppliers beyond the first tier. Any efforts to press vendors to keep information up to date would often be considered intrusive.

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Data Innovation Analysis Risk Management 134

Accenture

JUNE 5, 2019

UK-based fintech CreditEnable is helping corporate lenders tap into the power of digital demographics by collecting extensive global financial datasets on small and medium enterprises (SMEs) and using proprietary credit algorithms to quickly generate insights on both risk and opportunities.

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Trends social media Innovation Technology 172

Abrigo

NOVEMBER 17, 2023

Social media scams account for the highest losses and are higher than any other fraud typology , at a reported half-billion total loss. This , of course , doesn’t include fraud losses that were not filed due to the victim's embarrassment or lack of knowledge on how to report. financial s ystem. Find out how BAM+ stops fraud scams.

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Insights on Business

JANUARY 17, 2019

In addition to sessions on platforms, cloud, AI & automation, blockchain, and security, companies will find many financial services specific sessions with customer speakers addressing topics such as blockchain, risk management, and technology adoption for core financial services processes. IBMFintech Twitter. IBMLive Twitter.

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San Francisco CA social media blockchain 93

Abrigo

MAY 5, 2022

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. Listen to the podcast episode, " How To Sleep Easier at Night About Capital and Risk Levels.". keep me informed. Whitepaper.

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PYMNTS

JUNE 13, 2019

“The specific issues resulting in these scores had to do with various privacy concerns, including a lack of transparency as to why Facebook collects and shares certain user information,” said Reid Steadman, global head of ESG at S&P. These issues caused the company to lag behind its peers in terms of ESG performance.”.

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Risk Management Apple Company Data 161

FICO

SEPTEMBER 30, 2022

FICO has announced its panel of independent judges for the 2023 FICO® Decisions Awards , which honor businesses achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. Neeti Aggarwal, CFA senior research manager, The Asian Banker.

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PYMNTS

OCTOBER 14, 2016

One firm, IdentityMind Global, provides real-time risk management and fraud prevention through “digital identities,” collecting data across dozens of parameters and separating the financial ecosystem into good actors — those deserving of trust (and completed transactions) — and, well, bad actors.

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Independent Banker

OCTOBER 28, 2014

In a world where information can be the most valuable currency, community banks are gathering more of their internal data. Drew McMullen, a partner and managing director for Sense Corp. Drew McMullen, a partner and managing director for Sense Corp. They have lots of options. According to Mark Dittman, CEO of IBT Inc.,

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Data social media Community Bank Community 88

PYMNTS

DECEMBER 10, 2019

And the tactic du jour as the sun is setting on 2019, Barnhardt said, is synthetic identity fraud, a form of attack that is a known commodity in the risk management world, but not necessarily a well-understood one, as evidenced by the fact that it has been so over the last several years. The Rising Threat of Synthetic Identity Fraud.

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Fraud System Data Tools 158

FICO

MAY 19, 2023

Prosper also proactively mitigates credit risk and meets the increasing credit demand for creditworthy customers based on their monthly updated FICO® Scores. Prosper also proactively mitigates credit risk and meets the increasing credit demand for creditworthy customers based on their monthly updated FICO® Scores.

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United States Lending social media Tools 52

PYMNTS

MAY 18, 2016

Alternative data can create an accurate ‘digital fingerprint’ of a consumer, blending trusted online and social media intelligence with conventional offline data for hyper-informed decisions—handled in a way that doesn’t sacrifice the consumer experience for security.

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Fraud social media Operations Capital 101

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. Importantly, Huntington has continued to focus on digital investments and its strong legacy of product management to remain a progressive regional bank. Nobody is quite sure which side this seesaw will land on.

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Independent Banker

NOVEMBER 13, 2014

In a world where information can be the most valuable currency, community banks are gathering more of their internal data. Drew McMullen, a partner and managing director for Sense Corp. Drew McMullen, a partner and managing director for Sense Corp. They have lots of options. According to Mark Dittman, CEO of IBT Inc.,

Data 70

Data social media Community Bank Community 70

Insights on Business

NOVEMBER 20, 2018

Risk and compliance investigators have now identified over 100 different market manipulation techniques that employees can use to gain an unfair advantage over their employers or customers. Most companies today still take this siloed approach, because until recently, there was simply no alternative.

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Analytics Compliance Risk Management social media 79

Social Assurance

JULY 21, 2016

Passengers were left stranded with nothing to do but sit on their phones, pout and voice their frustrations on social media. However, Southwest stepped up and used social networks to communicate with their customers, address concerns and face the crisis head on. We will keep you posted as we have more information to share.

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social media System Video America 12

Social Assurance

NOVEMBER 25, 2020

A time for food, in-person or virtual family interactions, and conversations about the latest politically charged social media app. But what is it – and what does this social media site mean for your financial brand? These are often individuals who feel that other social media sites have been unjustly censoring content.

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Branding social media Risk Management Management 15

Jack Henry

OCTOBER 22, 2014

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. Information that I believe is being shared in an effort to better establish connections with the FI’s customer base.

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Insights on Business

MARCH 6, 2019

Tech like video cameras can assure you your child has made it home from school, while apps can let you know your child’s location or notify you if they’re speeding while driving, or can even tell you how much time they’re spending on social media. Learn more at ibm.com/RegTech.

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San Francisco social media Technology Meeting 93

Gonzobanker

JANUARY 4, 2016

We see the types of content being shared through social media. Retail executives collectively evaluated their Retail organizational structures to determine the most productive distribution of departmental ownership and experience management. Looking for a great way to share information, insights and ideas with peers?

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San Diego Phoenix social media Strategy 60

FICO

APRIL 6, 2017

While some new market entrants may have a vested interest in pushing AI solutions, the fact is that traditional scorecard methods and AI bring different advantages to credit risk modeling — if you know how to use them together. Take, for example, our new credit decisioning solution, FICO Origination Manager Essentials – Small Business.

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How To social media Analytics Examples 96

FICO

JANUARY 27, 2022

Managing risk and improving the customer experience during a pandemic presented credit professionals with new sets of challenges. Differing customer activities happening right now need to be captured to trigger and inform real-time decisions. Can you access all internal data regardless of its location or format?

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PYMNTS

MARCH 11, 2016

While creating real-time intelligence solutions for customer acquisition in-house is an option, the process may require companies to become experts themselves in compiling data, along with covering the associated capital and ongoing management costs.

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Data Customer Experience social media Fraud 100

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. Chris’ public posts including his playbook for dealing with COVID-19 were gobbled up on social media. Remember that? Then, in 90 days, COVID-19 turned everything on its head.

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Idaho Community Industry Strategy 172

FICO

AUGUST 3, 2022

For payments, risk, fraud prevention and financial crimes professionals, FICO World 2022 delivered a wealth of information on rapidly emerging trends and solutions. One customer told how they had been able to deploy user defined variables in FICO Falcon Fraud Manager to track and understand payment velocities.

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Fraud Analytics Trends Innovation 52

Gonzobanker

NOVEMBER 17, 2016

My colleague Ryan Rackley summed it up perfectly when he referred to social media as the “new tattoo.”. RegTech companies like NICE Actimize and Trulioo provide cloud-based platforms intended to simplify and standardize compliance processes through automated mapping of regulatory risks.

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Payments Las Vegas Risk Management Cyber Security 60

Social Assurance

JULY 1, 2014

recently did a study where we looked into how many banks & credit unions were on social media. Marketing doesn’t have time, compliance doesn’t have time, who has time to manage this? If we are going to create time for social where are we going to take it from? What if social media is a fad?

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social media Handbook Community Tools 22

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. How FICO Can Help You Advance Your Credit Risk Models and AI.

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How To Analytics social media Data 52