News Topic: social media
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Hacking tools, stolen credit cards advertised on Facebook groups
Fireworks, cow videos, giveaways: How banks are embracing TikTok
Scams lurk in ads on Google searches for student loan relief
Klarna CEO’s LinkedIn post names hundreds of staff dismissed in cost-cutting
Banks bid for viral fame with videos and influencers on Instagram
Communicating Distress in the Digital Era
During times of corporate uncertainty, the company’s message to customers, vendors and employees can either instill confidence or foster anxiety. This holds true more than ever in the digital and social media era. In a chapter 11 scenario, then, engaging ... Read full article
Hawaiian bank recruits social media influencers to promote digital account
Mazzara v. Provencher Illustrates Dischargeability in the Era of Social Media
Written by: ... Read full article
Credit unions need younger members. Can TikTok help?
The social media platform skews toward a more youthful demographic, while credit unions' average member age has been stuck in the late 40s for decades. But even institutions that use it have concerns about security. ... Read full article
Banks turn employees into social media envoys
Truist, First National Bank of Omaha and Peoples Bank in Washington state are finding creative ways for loan officers, financial advisers and others to become ambassadors on platforms including Facebook and Instagram. ... Read full article
Not paying attention to Gen Z? Your credit union is already behind.
This oldest consumers in this next group are approaching their mid-20s, so financial institutions must think about tweak their marketing if they hope to reach them in an meaningful way. ... Read full article
Banks turn to influencers to build buzz about their brands
Financial institutions like Ally Financial, Clinton Savings Bank and First National Bank of Omaha are recruiting personal finance experts, college students and local personalities to promote their products and services. ... Read full article
SoFi launches social network for investors
Clients of the challenger bank's robo-adviser are able to see one another's trades, add comments and watch a leaderboard of top investors. ... Read full article
What two credit unions can teach banks about marketing
Crane Credit Union has taken an Instagram Stories-like approach, while Certified Federal Credit Union is crafting personalized email messages. ... Read full article
Misinformation is spreading as much as the coronavirus
The pandemic has fostered the distribution of even more bad information on social media. Banks and other companies need to step up to solve the problem — including support of tougher legal restrictions on internet content. ... Read full article
‘This is shameful and I will advise the media’: Tales from the Twitterverse
Since the coronavirus pandemic began, banks have seen customer posts more than double across their social media platforms. Here's how they are responding to the demand — and the anger. ... Read full article
JPMorgan puts senior credit trader on leave over WhatsApp use
WhatsApp may be a great way to communicate with friends, but when Wall Streeters touch it, their firms get very nervous. ... Read full article
Facebook's bid to break banking
The social media giant says its cryptocurrency project can bring services to the world's unbanked. Lawmakers and regulators aren’t so sure. ... Read full article
House Democrats seek to bar tech firms from operating like banks
Lawmakers circulated a bill just ahead of hearings on Facebook’s Libra cryptocurrency that would prohibit companies with over $25 billion in annual revenue from launching a digital financial asset. ... Read full article