Gonzobanker

MAY 23, 2023

Sources: S&P, Cornerstone Advisors For the regional banks, a combination of major failures coupled with large businesses moving money for risk management and investment purposes remains the major cause of deposit outflows. Banks $10 billion and under have actually grown deposits in the past year!

social media 159

social media Risk Management Regional Industry 159

Payments Source

OCTOBER 1, 2018

Two watch sellers are diving into a pilot that will test whether social media and blockchain can power alternatives to Amazon and eBay for e-commerce sales, shopping, payments, risk management and marketing.

blockchain 68

blockchain social media Risk Management Management 68

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.

social media 150

social media Lending Community Community Bank 150

South State Correspondent

APRIL 23, 2023

Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run. The root cause of Silicon Valley Bank’s (SVB) failure is poor risk management – plain and simple.

Management 195

Management Security Risk Management social media 195

PYMNTS

DECEMBER 10, 2018

Social media giant Facebook is looking to grow its blockchain team, according to a report. The company posted on its careers page that it’s looking for data engineers and scientists, software engineers and a product marketing lead for its blockchain team.

blockchain 177

blockchain social media cryptocurrency Risk Management 177

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.”.

Bitcoin 102

Bitcoin social media cryptocurrency Austin 102

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.

Analytics 237

Analytics Data Big Data social media 237

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.

social media 78

social media Capital Risk Management Strategy 78

Abrigo

DECEMBER 17, 2019

The types of compromised accounts that are commonly available and most popular on account markets are financial (bank, investments, brokerage), e-commerce, online payments, dating sites, mobile / telecommunications, social media, and email. Lending & Credit Risk. Portfolio Risk & CECL. Learn More. Asset/Liability.

Fraud 307

Fraud Tools social media Cards 307

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.

Fraud 133

Fraud social media Millennials Examples 133

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.”.

Data 116

Data blockchain social media cryptocurrency 116

PYMNTS

OCTOBER 29, 2019

“We need to work with our governments in Latin America to show them the potential of the technology,” said Eirivelthon Santos Lima, the project director of IADB’s environment, rural development and disaster risk management division in La Paz, Bolivia. I personally don’t believe Libra will succeed,” he said.

Bitcoin 102

Bitcoin blockchain social media America 102

ABA Community Banking

MAY 25, 2015

College students targeted in debit card scheme that uses social media pathway Payments Risk Management Cards Cyberfraud/ID Theft.

Cards 40

Cards social media Risk Management Management 40

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.

San Francisco 93

San Francisco CA social media blockchain 93

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.

Trends 172

Trends social media Innovation Technology 172

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. Not just for a little bit, but for hours and hours.

social media 12

social media System Video America 12

Gonzobanker

JULY 10, 2020

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. Regulators are now ramping that back up, and model risk management focused on portfolio risk is going to top the list.

Risk Management 88

Risk Management Capital Strategy social media 88

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.

Fraud 195

Fraud Training Trends Compliance 195

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. And for many people heading back to the office from remote work, podcasts can be a productive and enjoyable way to pass the commuting time.

Community 195

Community Lending Maine Resources 195

William Mills

JUNE 22, 2017

The team also consists of Rachel Morrissey, executive producer of Fintech5, and Mike King, a fintech social media leader and author of Bankwide. Topics include fintech, risk management, blockchain, fraud detection and more. Bank on IT. BAI Banking Strategies. BankSocial.

Fintech 61

Fintech social media Cyber Security Conference 61

PYMNTS

DECEMBER 6, 2018

“Alongside this survey data, we’ve also conducted an extensive global analysis of social media conversations around the term ‘financial planning and analysis’ when discussed alongside AI, from 2016 through 2018,” Iervolino explained. In a separate report published on Wednesday (Dec.

North Carolina 124

North Carolina Survey Analytics Analysis 124

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.

Branding 15

Branding social media Risk Management Management 15

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.” According to the FDIC’s press release , “[b]ased upon evidence collected.,

FDIC 78

FDIC social media cryptocurrency US 78

PYMNTS

JUNE 13, 2019

These events have created uncertainty about Facebook’s diligence regarding privacy protection, and the effectiveness of the company risk management processes and how the company enforces them. These issues caused the company to lag behind its peers in terms of ESG performance.”.

Risk Management 161

Risk Management Apple Company Data 161

FICO

NOVEMBER 2, 2021

. Top-performing digital collections technology should easily co-ordinate a full range of omnichannel customer contact channels, including social media, text, mobile apps, chat-bots and automated telephone calls. This is one of the fundamentals of digital-first collections.

social media 52

social media Tools Strategy Risk Management 52

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.

Fraud 100

Fraud Online social media Risk Management 100

FICO

SEPTEMBER 30, 2022

He maintains an editorial advisory board of leading bank executives and is a regular guest banking analyst with BBC, NBC and other leading media. Mark Feeley has over 30 years’ experience in global capital markets, consulting and associated technologies, focusing on risk management, front- and middle-office platforms and data management.

Meeting 52

Meeting Analytics Management Strategy 52

FICO

MAY 19, 2023

“Prosper’s commitment to providing wider access to credit has been impressive,” said Neeti Aggarwal, CFA, senior research manager at The Asian Banker and one of the FICO Decisions Awards judges. Read this blog to understand some of many FICO approches available to help with financial inclusion.

United States 52

United States Lending social media Tools 52

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.

San Francisco 93

San Francisco social media Technology Meeting 93

FICO

APRIL 6, 2017

To build the models in Origination Manager Essentials, our data scientists used AI and machine learning algorithms to discover a better way to segment the scorecards. They’re focused on using many types of alternative data, such as information gleaned from social media, to deduce credit risk.

How To 96

How To social media Analytics Examples 96

Insights on Business

JULY 17, 2019

Our goal has always been to provide our customers with the tools and insights that help them meet their governance, risk and compliance (GRC) needs, and we do so, by leveraging the innovation of IBM within a single ecosystem. Digitalization brings along risks like IT security, Cybersecurity, etc. Learn more at ibm.com/RegTech.

Risk Management 110

Risk Management Management Report Compliance 110

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. As consultants , we haunt the halls of industry conferences.

San Diego 60

San Diego Phoenix social media Strategy 60

PYMNTS

JULY 3, 2017

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. For forward-thinking travel agents looking to stay ahead in an extremely competitive market, a payment system that not only works, but is flexible and primed for growth, is essential.

Online 112

Online Payments Fraud Cards 112

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.

social media 195

social media FDIC Branding Management 195

PYMNTS

MARCH 11, 2016

GIACT’s solutions aim to streamline the customer acquisition process and improve the customer experience, while also bringing in newer information data sources, such as social media, in order to include additional detail within the approval process. “As

Data 100

Data Customer Experience social media Fraud 100

ZootBlog

NOVEMBER 11, 2015

Alternative lenders collect data from different sources than traditional banks (such as social media interactions) and continuously update their risk management knowledge base with new sources of data.

Innovation 60

Innovation Fintech social media Knowledge Base 60

Social Assurance

JULY 1, 2014

recently did a study where we looked into how many banks & credit unions were on social media. Designs for the web can easily be translated over to social while informative articles around calculators and information for newsletters can be used for content on social. What if social media is a fad?

social media 22

social media Handbook Community Tools 22