While the timing, technology, and methods used for collecting and archiving social media may vary depending on the breadth and scope of your financial instruction’s size social media presence, all of your content should be preserved in a manner that:
If your bank fails to do so, you can be exposed to lawsuits, regulatory investigations, fines, examiner scrutiny, and irreparable damage to your reputation and customer goodwill.
Not to worry, we got your back. We help banks archive social media content for compliance with federal regulations and FFIEC Social Media Guidance. We can collect and preserve your bank’s content on a monthly or quarterly basis, and our social media archiving tools help you maintain this content in public file as required by the Community Reinvestment Act.
Once your social media is collected and preserved, we can also help your social media compliance audits to make sure you comply with your social media risk management program and financial regulations.
By preserving your bank’s online content with our social media collection tools, as well as conducting periodic compliance audits, you’ll be one step closer to receiving that stamp of approval from your friendly neighborhood examiner. If not, you’ll expose your bank to lawsuits, regulatory investigations, fines, examiner scrutiny, and irreparable damage to your reputation and customer goodwill. The choice is yours.