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Building trust is not limited to overarching company leadership. Greenwood operates completely online, but they partner with FDIC-insured banks and are part of a global ATM network that allows members to use more than 100,000 ATMs fee-free when they need to withdraw and deposit physical cash and checks. Education and advocacy.
After all, the larger a company’s online and cloud presence, the bigger the target on that company’s back for cyberattackers and bad actors. With more data connections in place, it can be harder for leadership to identify that a problem even exists. Shadow IT is a prime example of this point of friction, noted McDonough.
Takeaway 2 Client fraud education at financial institutions should include takeaways that explain how to protect themselves from phishing and tips for staying secure online. While interacting with friends and family online can be a fun pastime, social platforms are a feeding ground for fraudsters. According to the FTC , $2.7
Community Banker University offers educational opportunities through live, in-person seminars and webinars, publications, audio conferences, self-study programs and videos. It also offers online training available 24/7. Education Online. Leadership Development Conference. Community Banker University.
These resources provide a range of options, from online courses to annual conferences, that allow community bankers to remain current in their operational responsibilities and maintain their certification, as ongoing industry change continues to require new learning. It also offers online training available 24/7. Lead FWD Summit.
Kyle Enger, known for his thought leadership in the world of relationship banking on the West Coast said it best, “Traditional banks have to embrace digital lending in their hometowns to compete.”. For instance, they could offer light advisory services or seminars to business owners who have working capital lines of credit.
When BeverageCo sought to take advantage of digital, they had many isolated initiatives (such as online advertising and a corporate Facebook page) underway, but lacked traction in any of them. The company also lacked a cohesive vision that promoted collaboration between digital and the traditional corporate structure.”
Among its digital innovations is an extensive library of application programming interfaces (APIs) that runs its customer platform and allows the bank to originate and service loans on online lending platforms. Many customers found Cross River Bank’s portal just by searching online, Goldfeder says.
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