Gonzobanker

MAY 23, 2023

The historic deposit runs on several niched regional banks have woken up bankers and their investors, regulators and policymakers to the threats that liquidity flows place on the entire industry. Bank leaders are working overtime to defend their performance and relevancy. trillion or 5.5%

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social media Risk Management Regional Industry 146

South State Correspondent

MARCH 15, 2023

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. While interest rate risk caused the most significant impact on value, several other factors contributed to the terminality of each bank that was closed.

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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. It is likely that regulators will soon ask banks to come up with a plan.

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Conference Payments Fraud Data 195

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

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

MARCH 12, 2018

Austin Burkett, global head of Quant and Feeds at Thomson Reuters, said, “News and social media are driving the investment and risk management process more than ever with the continuing rise of passive and quant-driven trading.”.

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Bitcoin social media cryptocurrency Austin 102

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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FICO

APRIL 24, 2023

Trust Bank implemented the customer onboarding and risk management capabilities using FICO® Platform , a cloud-based decisioning platform that allows companies to centralize and operationalize advanced analytics at speed to enhance customer experience, for optimal digital onboarding.

Risk Management 52

Risk Management Digital Banking Customer Experience Management 52

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. As overseers tighten the leash with stringent regulations aimed at protecting consumers, the cost of compliance grows. The FTC further addresses the highest losses by type of fraud scheme.

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Gonzobanker

JULY 10, 2020

Now that the PPP frenzy is over, get ahead of your next loan opportunity and start managing your portfolios. Risk Management. Risk management was never out, but the level of investment and emphasis we saw during the early part of the 2008-2009 crisis lessened during the past four to five years.

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CFPB Monitor

AUGUST 23, 2022

each of these companies made false representations—including on their websites and social media accounts—stating or suggesting that certain crypto–related products are FDIC–insured or that stocks held in brokerage accounts are FDIC–insured.” 1828(a)(4), and its implementing regulation, 12 C.F.R Part 328, Subpart B.

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FDIC social media cryptocurrency US 78

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.

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Analytics Compliance Risk Management social media 79

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. Third, the regulators need adequate financial resources. My lesson learned to the regulators, read your past lessons learned.

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FDIC Community Bank Regulation Lending 78

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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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. The Bank Regulator Working for Merchants Award!

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Fintech Community Regional Technology 194

FICO

DECEMBER 20, 2022

Vice President, Product Management. What scammers see here is a big patchwork of payment options that offer a way to take money directly from consumers, and that change popularity with the social media tides. New digital payments channels and methods will grow next year, giving new opportunities for fraudsters and scammers.

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PYMNTS

MARCH 11, 2016

The approval process itself can be prone to a variety of different friction points, but even with an efficient approach there is always the risk of unknowingly approving bad or fraudulent customers.

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Data Customer Experience social media Fraud 100

Gonzobanker

JANUARY 4, 2016

Today, bank executives are struggling to stay current in an industry growing ever-more complex with increased regulation, changing customer expectations and digital disruption. We see the types of content being shared through social media. Threats to the banking business model are coming from new, unanticipated competitors.

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PYMNTS

JULY 3, 2017

This is done in accordance with The Package Travel, Package Holidays and Package Tours Regulations 1992. Agents can no longer get away with not offering a wide range of payment methods, around-the-clock support and best-in-class fraud and risk management.

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ZootBlog

NOVEMBER 11, 2015

In today’s environment, as banks manage increased regulation and competition from industry outsiders, they must operate in the same fashion. Their strategy is to develop such strong muscle memory that when they are in competition, their body executes flawlessly. They become students of the game. Everything.

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Innovation Fintech social media Knowledge Base 60

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.

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How To Analytics social media Data 52

Fintech Labs Insights

JANUARY 7, 2016

Social media financial compliance specialist Gremln raised $1.4 Social media management & compliance for financial institutions . Credit risk management. Tags: Enterprise, compliance, social media, regulations, marketing, Finovate alum. Source: WhoGotFunded. million Seed.

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St. Louis social media Company Fintech 12

Filene

JUNE 3, 2016

The multifaceted challenge demands an increased focus on quickly discovering and addressing attacks, the importance of collaboration and networking, the need to improve vendor management, encryption, enhanced staffing, training and education, balancing and owning risk, and delivering on the promise to protect members’ confidential information.

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FICO

AUGUST 28, 2017

Social Profile Data. Mining Facebook, LinkedIn, Twitter, Instagram, Snapchat or other social media sites is possible, but few lenders would want to brave the regulatory hurdles of being the first mover. Lenders need to explain how consumers are scored – certainly to regulators, and often to consumers themselves.

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Data Analytics social media Technology 52

Fintech Labs Insights

JUNE 18, 2015

Compliance & risk-management technology. Mobile personal finance manager . Tags: Risk management, security, regulation, compliance. Source: FT Partners. Harvest Exchange. Investor network. HQ: Houston, Texas. Latest round: $5 million Series B. Total raised: $9.4 Source: Crunchbase. Mobile alt-credit .

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Gonzobanker

DECEMBER 22, 2015

No one has been more successful at using social media to generate awareness and a positive image for their bank than Jill (@JillCastilla, @CitizensEdmond). Jill’s use of Twitter is a model for any bank CEO looking to engage on social media. Bank project management offices. Regulator Award.

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Community Bank Apple Community Technology 60

CB Insights

MARCH 27, 2019

Facebook, for example, disclosed that an unprecedented data breach in September 2018 exposed the social media accounts of up to 90M users — including login credentials — effectively compromising access to any site that lets users log in with their Facebook account. But the company is not alone. Collectively, FAMGA has poured nearly $2.5B

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Fintech Labs Insights

OCTOBER 30, 2016

Deloitte recently asked what we should make of “regtech” in a new report titled, “RegTech is the new FinTech: How agile regulatory technology is helping firms better understand and manage their risks.” OutsideIQ ( F16 ) enables FIs to uncover regulatory risk using a combination of machine learning and human analysis.

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