Serving Credit Union Members in a Time of Pandemic
Three Trends That are Here to Stay Because of COVID-19by Paolo Teotino The world, as we knew it has been completely redefined by COVID-19, which, in such a short time, has had a remarkable impact on our lives and the way we do business. It is impossible to estimate the long-term implications of this pandemic, […]
Data Management Framework – 7 Essential Components for Credit Unions
Managing your data takes work. Just because you have data does not mean it is the correct data. You must make sure that you have useful data to inform the rest of your operations. People who are good at managing data are usually those who like having structure and disciplined processes that others will support. […]
Data Use Cases for Credit Unions
Data analytics was once the sole domain of giant tech companies. Amazon suggests products based on previous purchases. Facebook’s algorithms determine your friend’s posts; you most want to see on your timeline. Google propagates data about you so that when you search for something like hotels in San Francisco, you start seeing ads for restaurants […]
Data “De-Identification”: The Stairway to Big Data Heaven
Credit union interest in Big Data is at an all-time high. The promise of predictive analytics and other Big Data opportunities will be a key part of helping the industry compete more effectively with traditional banks and fintech upstarts. However, where does the data for Big Data come from? The answer is simple: from the […]
Transactional Data: Big Data and the Rise of Payments
Today, there are very few that will deny the importance of data and analytical decision making. Big Data has been a buzzword for years, but it has finally turned into a reality. Companies like Amazon and Uber dominate their industries with the use of data analytics. They, among many companies, have realized that data is […]
What is a Data Lake? – Part 1: Testing the Waters
Financial institutions all over are working to build effective data strategies and improve decision-making. With so many new technologies and innovations out there, it can get very difficult to keep up with the industry and even keep straight the buzzwords we hear throughout the day. In this piece, let’s dive in to better understand what […]
6 Steps to Develop a Data-Driven Vision
As an industry in the middle of a massive shift, credit unions must steer in the best direction to enter a prosperous future. The Financial services industry has traditionally been an industry where change happens gradually at the direction of a few large institutions. Since the introduction of the internet in the 1990’s, finance has […]
7 Challenges of Implementing a Big Data & Analytics Solution
Most credit union leaders are familiar with the concept of Big Data and business intelligence, but many fail to fully understand the significance they have on their credit union and its future. Big Data & Analytics can provide credit unions with the ability to make better decisions that positively affect member relationships and, ultimately, their […]
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 […]
