Credit Unions Are Way Behind The Curve On Data Analytics: Report

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How far behind are credit unions when it comes to data analytics and digital transformation?
According to a recent study from Best Innovation Group and OnApproach, 45 percent of credit unions don’t currently have a strategy in place, and those that do have a strategy still say it will take three to five years to implement.

The Future Is Faster Bitcoin, Say Guys Who Made Faster Bitcoin

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On the day Stephen Hawking died, in the week Secretary of Education Betsy DeVos admitted she hadn’t ever visited a failing public school in her home state, in the year that the West’s faith in liberal institutions seemed to crumble faster than ever, it was comforting to hear, in the PlayStation Theater in Times Square, after a prelude of sliders and bao, that the future had arrived.

Evernym Releases Digital ID Blockchain For Credit Unions

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The software, known as MyCUID, is declared as a way for members of the credit union to protect themselves from identity theft and identity fraud. The ledger will allow users to share only that personal information that they need or want in a given situation.

Blockchain CUSO CULedger Joins WOCCU

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The World Council of Credit Unions board of directors has unanimously approved CULedger, a U.S.-based credit union service organization, for WOCCU membership.

Artificial Intelligence, Banking, And The Customer

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Now there are people who would argue that blockchain technology or the distributive ledger is the most important new technology, and I certainly think that both of those are transformative. But when it comes to finding a really good fit between the customer and the banking industry, there is no more transformative technology than artificial intelligence.

Technology, Evolution, and Revolution

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Revolutionary technology: how offering brand new technology will aid you in member retention.
Evolutionary technology: addressing specific member needs to enhance your offerings.

Credit Unions Are Way Behind The Curve On Data Analytics: Report

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How far behind are credit unions when it comes to data analytics and digital transformation?
According to a recent study from Best Innovation Group and OnApproach, 45 percent of credit unions don’t currently have a strategy in place, and those that do have a strategy still say it will take three to five years to implement.

Smartspeakers Are Calling; Are Credit Unions Picking Up?

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Smartspeakers – or “digital voice assistants” – may have tongues wagging in the tech world, but they have people in the credit union industry talking, too. Why? Because those little listening devices that can play music, buy things or even lock the front door – all via voice command – are popping up everywhere, and developers are rapidly devising ways for them to help members track account balances, move money around and maybe even get loans or other products.