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.
The Financial Institution Learning Center
A banking blog that answers the industry's top questions and problems.
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
Fraud is a serious problem for many individuals and businesses today, including financial institutions. It’s important that you understand the potential dangers of fraud, whether you’re operating a relatively small organization or a large, commercial financial institution. Naturally, you’ll also need to know more about the best methods for preventing and reducing fraud in your organization. So if you want your financial institution to be the most secure it can be, then you’ll love this list of tips, techniques, and strategies.
Providing your customers and potential prospects with a great website experience is crucial in today’s world. We live in a world of information where we can Google whatever we want to find our answer in a matter of seconds. That’s why it’s more than important for your bank to be creating special offers, education content, and beautiful landing pages that’ll keep your customers interested, engaged, and coming back for more. But to help you manage and create this content, you'll need a solid content management system that works well for your bank’s needs.
APIs (application programming interfaces) are simply communication tools for software applications. APIs are leading to key advances within the banking industry as financial institutions continue to collaborate with third parties.
Technology continues to progress faster than in past years. Today it only takes computers 12 to 18 months to double their capabilities. With this fast pace of technological developments, each succeeding generation is becoming more and more tech savvy. In fact, many banks are preparing now to provide the digital accommodations Gen Zers seek.