Authored by: Keith Beck (Symitar Business Analyst) and Robin Hess (Lead Symitar/Data Analyst) Q4 is here, and it is already a busy time for credit unions. For those using Symitar platform, end of year brings a host of additional time sensitive challenges. We have broken down three key things Symitar users should do before the
Becoming data-driven is a priority for most companies today and the reasons are clear. According to consulting firm McKinsey, data-driven organizations are 23 times more likely to acquire customers, six times as likely to retain customers, and 19 times as likely to be profitable. The data says … use your data! Most credit unions don’t need to
The cloud promised to change the technology landscape when it went mainstream in the early 2000s, offering the potential to reduce the burdens of data storage, hardware investments, and scaling web services. As it gained momentum in the business world, the financial services sector wasn’t quick to follow suit. For almost a decade, uncertainty around
The following is an article written by Trellance’s President and CEO, Tom Davis. The article originally appeared on CUInsight.com. Last month, on a plane to India to open our company’s newest office, I had hours to reflect on changes in the credit union industry since my work here began in 2004. The digitization of financial
Consumer enthusiasm for technology is growing – but they don’t necessarily think about it that way. Instead, of “technology,” consumers want … Immediate access to the products and services they need. The convenience to manage their lives from anywhere. Fluid interactions that blend digital and in-person. Tailored experiences based on their habits and preferences. Personalized
What Can a Successful Auto Refinance Program do for Your Credit Union? “We could not have imagined having such success with such a small mailing,” says an enthusiastic Martin Fogarty, director of remote delivery at Capitol Credit Union in Austin, Texas. “From 656 members, to generate $1.3 million worth of loans has been great.” When
The following is an article written by Trellance’s Data Science Product Manager, Jeff Johnson. The article originally appeared on CUInsight.com While cloud solutions took the business world by storm about a decade ago, banks and credit unions were initially slow to adopt over prudent concerns about data security. As those data security concerns have been
The following is an article written by Trellance’s Data Services Delivery Director, Merrill Albert. The article originally appeared on CUInsight.com. One of the benefits of a more data-driven society is the opportunity to reduce the biases that unconsciously creep into human decision-making. No one wants to think they are biased in their work, but today, we
To meet growing demand by credit unions for cloud-based data analytics, Trellance is announcing the release of five new cloud offerings. 65% of credit unions have either invested in, or plan to invest and implement cloud-based solutions, according to a recent Cornerstone Advisors survey. Trellance’s new cloud-based business analytics offerings are available by monthly subscription
You now have more information at hand about your credit union than ever before. But are you using it to “out-think” your rivals? If not, you may be missing out on a potent competitive tool.
This blog will:
