Credit Unions Are Way Behind The Curve On Data Analytics: Report
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.
Best Innovation Group And Onapproach Publish Results Of 1st National Survey On Data Analytics And Decisioning Trends In The Credit Union Industry
Best Innovation Group (BIG), an innovation catalyst and strategic consulting partner focused on strengthening and growing credit unions, recently published its first semi-annual survey on data analytics with long-time partner OnApproach, the leading provider of big data and analytics solutions for credit unions.
A ‘Mental Shift’ After Crash Course In Distributed Ledger Technology
Credit union professionals are getting a crash course in distributed ledger technologies thanks to a series of immersive three-day classes emphasizing…
Blockchain CUSO CULedger Joins WOCCU
The World Council of Credit Unions board of directors has unanimously approved CULedger, a U.S.-based credit union service organization, for WOCCU membership.
Family And The Bulletin Board
When I first started credit unions, branches were the thing. Home banking hardly even existed at that time and involved things like sending disks to members so that they could dial in to your organization like it was AOL.
Artificial Intelligence, Banking, And The Customer
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.
Credit Unions Are Way Behind The Curve On Data Analytics: Report
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?
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.
A Credit Union’s Biggest Cultural Challenge: Its Smart Use Of Data
Many credit unions are successfully building the fundamental skills and infrastructure they need to utilize data more effectively. They’re aggressively investing in analytic tools, staff skills, and warehouses, but less so in the newer tools of decisioning, fraud, and predictive machine learning and AI technologies.
Pick Your Track: The AXFI Conference Has Something For Everyone
The fifth AXFI Conference is going to be bigger and better than it’s ever been, now offering attendees three programming tracks focused on real-world, actionable takeaways: analytics, innovations, and cyber security.