The Decision Maker

Austin

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ETL ≠ DIY

Posted by Austin on Oct 3, 2014 11:51:00 AM

Credit unions are increasingly looking for ways to drive performance by improving their reporting and analytics capabilities. One of the biggest payoff initiatives is a data warehouse.

Simply stated, this is a secure, unified repository of the credit union’s most valuable data structured in a way to quickly deliver valuable insights.

While the credit union’s core and other operational systems are built to support efficient transaction processing, they are typically poor at reporting and analytics. A data warehouse essentially takes a snapshot of every transaction from the different operational systems and integrates them into a powerhouse of data fine-tuned to answer mission critical questions quickly.

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Topics: Data warehouse

Moving Toward Multi-Channel: The Necessary First Step

Posted by Austin on Aug 29, 2014 10:52:58 AM

A new report from McKinsey and Company, The Future of US Retail-Banking Distribution, presents some compelling information for credit unions considering implementing or expanding a multi-channel strategy:

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Defining a Member: Helping Credit Unions Identify Their Members

Posted by Austin on Aug 13, 2014 6:29:38 AM

Credit unions, as member-owned financial cooperatives, track and report regularly the number of members they have. Membership is reported to the National Credit Union Administration (NCUA), the credit union board, credit union management and in the annual report to members, among others.

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Topics: Reporting and Analytics, Credit Unions, Members, Decision Support

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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:

  • Educate subscribers about data integration and Big Data and Analytics.
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