New Member Behaviors Energize Old Fraud Trends
Fraud Monitoring and Detection Analytics Proactively Protect Credit Union Members Credit unions confront a new reality that is now shaped by changing member behaviors that are motivated by a national health and economic crisis. Thousands of non-essential brick-and-mortar shopping sites are closed for now. Credit union branches are either closed altogether or available only during […]
Big Data Insights Found in Unexpected Places
It’s often easy to overlook the obvious. As a team member of Trellance, a company that integrates all of the disparate data sources within a credit union into a single source of truth, I have failed to recognize the value of all the data available to credit unions. At a 2015 CUNA CFO Council Conference, […]
Data Use Cases for Credit Unions: Chapter 2
Getting Out from Behind The Curve Chapter 1 of this series considered the importance of establishing a specific goal to solve using data analytics and proving the ROI in order to justify automation and decisioning using business intelligence in a credit union. Chapter 1 also highlighted two real use cases of success credit unions have had […]
4 Reasons for a Scalable Data Warehouse
How can your credit union meet the rapidly changing data requirements necessary for today’s economy? Scalable data warehouse architecture is vital for the Credit Union Movement. It gives credit unions the ability to flexibly change and add data to their data warehouse (DW). With a constant flood of technological innovations and regulatory changes, credit unions are continually being […]
5 Reasons To Pool Your Data
Data continues to prove itself as a necessity for decision-making in financial institutions. For years, major banks and innovative companies such as Google and Amazon have taken advantage of Big Data to gain better insights into their customer base and make business decisions to position themselves for the future. The credit union industry is finally […]
5 Questions for Credit Unions Planning to Implement a Big Data & Analytics Solution
Businesses are always looking for ways to improve efficiencies and processes, and more often than not, this means implementing a new system or tool throughout their organization or customer base. Of course, these opportunities come at a high price in terms of financial cost, implementation nightmares, and human issues. Often these implementations fail miserably as they run […]
7 Challenges to Consider When Building a Data Warehouse
Most credit union leaders are familiar with the concept of Big Data and business intelligence. Still, they may fail to fully understand the significance they have on their credit union and its future. Big Data can provide credit unions with the ability to make better decisions that positively affect member relationships and, ultimately, their top and bottom […]
