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Connect with an expert Common fraud schemes Check fraud Check fraud is one of the most concerning fraud trends for community banks in 2025. Variations include: Pig butchering scams Scammers build relationships with victims through socialmedia or dating apps, persuading them to invest in cryptocurrency or other financial opportunities.
Fraudsters create fake profiles on dating apps and socialmedia platforms, using stolen images and fabricated stories to build relationships with their targets. Scammers can use details shared on dating sites and socialmedia platforms to better target victims. Staying on top of fraud is a full-time job.
Protecting customers from disaster fraud In the aftermath of hurricanes, wildfires, floods, and other natural disasters , vulnerable communities often see an uptick in disaster fraud schemes designed to steal personal information or relief funds from would-be donors. Find out how Abrigo Fraud Detection stops check fraud in its tracks.
By implementing robust policies and utilizing advanced software to detect check fraud, these officers can significantly impact their community. Postal Service, said during a recent Abrigo webinar that postal inspectors have seen a rise in check theft since the end of the pandemic. “It Marydith J.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of socialmedia, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. faster than their competitors. faster than their competitors. Learn how to offer the experiences and products that appeal to Gen Z.
The ABA has a new report out on how banks are using socialmedia, 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. 14) @News_CUInsight – CUInsight is an independent source of news on the credit union community.
In a recent Sageworks webinar, 60 percent of attendees said that one of their main road blocks to adopting new technology at their firm was their unfamiliarity with potential solutions. The use of Webinars, email marketing and socialmedia can help position your brand for growth in this digital world.
Ask almost any community banker, and they will tell you their value proposition around their bank revolves around service. At 19%, community banks ranked only above credit unions in delivering customers that were “extremely satisfied with the outcome of their problems and a whopping 35% that were “not satisfied.”.
Clients should also be wary of socialmedia scams. While interacting with friends and family online can be a fun pastime, social platforms are a feeding ground for fraudsters. billion was lost to fraud through socialmedia between January 2021 and June 2023. According to the FTC , $2.7
In a recent Sageworks webinar , Adam Blitz, principal and consultant with GetBlitzed Solutions , explained how CPAs can position their firms as a place where their clients come to grow their businesses. Perception internally matters as much as how you are perceived externally by clients and in the community,” he noted.
fzJKgSN5zwE Inexpensive videos can be added to your signature line, shared on socialmedia and uploaded to your website to drive traffic. There is a rule of thumb on socialmedia to engage your network seven times for every post that you push out. Hold seminars or webinars. Follow and re-tweet experts.
Get more tips for managing the AML program from this webinar: "Conquering BSA challenges: Best practices for managing a successful AML program" DOWNLOAD Takeaway 1 AI can enhance our efficiency, but financial institutions must be on guard against AI fraud. Here are several suggestions for tightening security.
They employ technology and social engineering tactics, reaching victims through email, socialmedia, and text messages. Navigate your BSA exam with tips from this on-demand webinar. Navigate your BSA exam with tips from this on-demand webinar. Financial literacy is key critical.
He told Vox in an email that while the extension had some penetrations with niche groups before now — primarily college students in long-distance relationships and military members — the community has exploded as word of mouth has gotten around among the bored and housebound. the market has never quite found big success.
Recent bank failures hurting public perceptions, the current market trends of higher rates, Quantitative Tightening, digital banking, socialmedia, and a flight to safety have increased the difference between model and observed liability durations. Banks take a pool from 2018, as an example, and then track runoff to the present.
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. 8) Deposit Impact of SocialMedia: SVB’s customer base and followers were highly active on Twitter and other socialmedia properties.
Apply further rising rates, socialmedia amplification of rates or risk, general sensitivity to safety, greater competition, or a credit shock to the deposit holding institution. This is one of the great mysteries of community banking. Almost every community bank touts its commitment to the relationship.
The most professional socialmedia site has evolved to meet its users’ needs and the difference could surprise you. Don’t forget to catch our webinar about the State of SocialMedia 2020. We’ll be going over changes for all socialmedia platforms and new follower expectations. Upcoming Webinar.
This could be in the form of in-depth staff training and certification, staffing smarter contact center representatives, smarter mobile apps and websites, financial education, webinars about cash management, videos or blogs. About one-third of community banks are planning to add or replace this technology.
That means digitizing all aspects of their businesses from marketing to all facets of daily operations, from consumer-facing outreach to payments in the back office in order to stay connected to consumers and communities. The key, she added, has to focus on what the company does well, and leverage those strengths across the internet.
The financial press, economic commentators and socialmedia sites have used a collection of terms this year that convey a certain image of market values for investment securities: “Plummet.” Community bankers have come to grips with the notion of their bond portfolios being, ahem, “submerged” in a number of ways. Underwater.”
The Independent Community Bankers Association and BankMarketingCenter.com offer some great ideas that BankMarketingCenter.com can help you plan and implement great digital marketing. Advertise and promote a webinar using socialmedia aimed specifically at entrepreneurs on how to create a small business and how your bank can help.
Community-based institutions have unique circumstances (and personal viewpoints) that impact how they see the world in the future and what planning will look like for them. Be hyper-sensitive to your community. a live webinar during which they’ll dig deeper into this topic. Getting Back to Work. Click here to register.
Most of these campaigns revolve around an email drip campaign, digital advertising, retargeting, socialmedia, podcasts/video, and print. With minimal effort, a community bank can rank at the top of the Google search page, where they would gain visibility from 100 to 1,000 searches per month per state.
This is the most direct way to communicate everything you want viewers to know about your business. Community focused: This type of video focuses on giving your community content they would enjoy rather than pushing a product. SocialMedia. Socialmedia is a simple and cost-effective way to increase views.
As a financial marketer, you probably know how difficult it can be to grow engagement on socialmedia. Plus, with the levels of compliance surrounding financial marketing, most institutions involve multiple team members, with various levels of experience, to executive social strategies. Share SocialMedia Policies.
In a recent article from SocialMedia Today , they shared their socialmedia marketing predictions for 2021. Here we have broken down some of those socialmedia trends that you should be paying attention to as a financial marketer. This is a formidable challenge for community banks. Facebook Pay.
In a recent article from SocialMedia Today , they shared their socialmedia marketing predictions for 2021. Here we have broken down some of those socialmedia trends that you should be paying attention to as a financial marketer. This is a formidable challenge for community banks. Facebook Pay.
When it comes to the financial fallout, small businesses, including smaller community banks, will take the biggest hit. Community banks should be prepared to provide SBA loans, if possible, and see whether emergency loans are a viable option. Be Creative, Engaged Community Leaders. Community banks are just that—in the community.
Credit unions use it in schools, in the community, at the branch, in newsletters, on their website, and in socialmedia. Join us for this webinar, which will give you an overview of the "It’s a Money Thing: Clever financial education content increases engagement" report. Register for this webinar now!
While we recommend typically focusing things like engagement, impressions and website clicks (if applicable), Instagram allows brands to unlock even deeper metrics about your communities. For example, for a community post or campaign, you may want to try using the hashtag #golocal #community or #banknamecares.
Is your community something you’re proud of? What effort are you putting in to better your community? Financial brands are truly are the heroes in their communities. Our Community Spark award recognizes banks and credits that are going above and beyond to create a spark and make a difference.
Come play with us… …On socialmedia! One of the first things you should do, if you have not done so already, is connect with us on socialmedia – both you personally, and your credit union’s profiles. Reach out to Holly if you have socialmedia questions. …On our team!
Socialmedia is a valuable medium for financial brands to grow their audience, increase their customer, and generate sales. If you’re just starting out with social selling, we’re putting together this content series to help you craft winning social campaigns from the start. Why Social Selling?
Our Annual Marketing and Compliance Survey and Report sought to better understand how some of these changes affected the financial services industry and how community financial institutions responded to the challenges. SocialMedia Marketing. Upcoming Webinar. Community Engagement. Making Compliance Cool.
While we all know that creating engaging socialmedia content is all about trial and error, it’s important to understand how we can not only make this process easier, but how we can also save time while planning content calendars. Do you find that a majority of your socialmedia followers are your customers?
Pro Tip: Set a KPI for each of your social posts, which will help you better understand why you’re making that post. Your socialmedia post KPIs can be things like awareness (reach), website clicks, etc. It is used to calculate the total user engagement on a socialmedia post by its likes, comments, retweets and shares.
We will define social selling, share the reasons you should care about social selling, provide tips and best practices, and how your financial brand can support social selling. . What is social selling and why should I care? If you’re a financial brand, we’re here to help you support social selling while mitigating risk.
As financial service providers continue to leverage socialmedia in their marketing and branding efforts, they continue to face the same timeless issue: how to make their brand stand out. After realizing the power of socialmedia, bank marketers need to take the next step. How can you capture the attention of consumers?
Reviews, listings, socialmedia accounts, and website information constitute the bulk of your online experience. Reviews are left on socialmedia comments, questions, and review sites. This online communication carries with it new expectations; namely time and efficiency. Be Open to Change.
According to a post from Mark Zuckerberg, “ The research shows that when we use socialmedia to connect with people we care about, it can be good for our well-being. Why is this good for Community Banks? The greatest asset a community bank has on socialmedia is their authenticity with their community.
Knowing how to navigate the complexities of each social channel in your marketing mix is one of the biggest challenges that financial marketers face. Here’s some guidance on how to share the love on all of your socialmedia accounts! Use this tool to share your upcoming webinar or new branch opening! With over 2.7
Did you catch the news about the proposed changes to the Community Reinvestment Act ? Your bank’s involvement in the community should not only count toward CRA credit but should also be celebrated in your marketing communication. Crowdsource Ideas from Your Community. Crowdsource Ideas from Your Community.
Did you catch the news about the proposed changes to the Community Reinvestment Act ? Your bank’s involvement in the community should not only count toward CRA credit but should also be celebrated in your marketing communication. Crowdsource Ideas from Your Community. Crowdsource Ideas from Your Community.
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