Millennials are currently the largest adult generation in the nation, and they have the largest economic impact. They’re over 2 billion strong with spending power in excess of $200 billion. But “banks have largely left millennial banking habits out of the picture when developing marketing strategies,” according to Everfi, a financial education firm.
The Financial Institution Learning Center
A banking blog that answers the industry's top questions and problems.
If you’re a manager in the Financial Services sector, it’s not news to you that the employee turnover rate is high in your industry. Depending on which statistics you consult, the attrition rate ranges from 18% to more than 25% of the workforce, and it’s increasing with the changes the pandemic has required.
You’ll likely come across many options when looking for a wire system, and you can bet that each option will have different functions and features. So the question is, which option best suits your institution’s needs? Do you really need all the bells and whistles?
In this post, we’re going to discuss the top three pains and frustrations financial institutions experience when using an outdated wire transfer system.
A previous blog post discussed ways to effectively educate your bank employees and gave examples of multiple things to consider when providing that employee education. In this post, I’ll show you the benefits of having training content available for your employees and tracking their progress. Specifically, this blog will discuss
Is your financial institution still processing wires manually? If so, consider the hidden costs and risks you’re accepting. Manual wire processing is among the most inefficient processes in banking operations, costing you far more than adopting a good software solution for wires.
Did you know that phishing increases during a crisis like the current pandemic? And even before the pandemic, phishing was a major cybercrime threat.
Are you worried about protecting your community bank against cyberattacks? If so, no wonder—cyberattacks against banks increased by 238% in just two months of 2020, according to Cybertalk
In this post, I’m going to show you four types of videos your bank needs to be using. Using all four videos will take your bank’s marketing efforts to the next level and will help you increase deposits.