The Decision Maker

Credit Union Analytics Comes of Age: 9 Essential Guidelines

Posted by Peter Keers, PMP on Jun 6, 2017 11:04:00 AM

A fascinating new report by McKinsey & Company highlights that credit unions can drive organizational value by creating an analytics culture.

The report recognizes that financial services analytics has reached a point where marketing was in the 1970’s for the banking sector. Prior to that time, sales and marketing initiatives for credit unions and banks were rare. In 2017, a credit union would find it difficult to survive without some level of marketing effort.

Read More

Topics: Analytics, Company Culture

Spotify Has Acquired Blockchain Technology… How Will the Distributed Ledger Affect your Credit Union?

Posted by Mark Portz on May 31, 2017 11:02:00 AM

 

Last month, Mediachain Labs, a blockchain operator, was acquired by Spotify, a popular audio streaming service. The goal of the acquisition is to utilize the new technology to help track and appropriately pay the correct people when songs are played on Spotify. This is especially challenging with Spotify’s impressive growth in both users and song selection.

Read More

Topics: AXFI Conference, Blockchain

7 Ways to Make the Most of Credit Union Member Data

Posted by Steven D. Simpson and Paul Ablack on May 16, 2017 11:01:00 AM

Leaders and business intelligence at credit unions are putting a tremendous focus on ways to use advanced data analytics to identify trends, detect patterns and glean other valuable findings from the sea of information available to them. Without question, member data is valuable. But the greatest value lies in the ability to empower each line of business to achieve strategic initiatives and performance goals. When this empowerment is coupled with improving member service, a proven, repeatable best practice results.

Read More

Topics: Data Analytics, Member Behavior, Leadership, Data-Driven

Stop Worrying about Millennials, Say Hello to Generation Z: Part 2

Posted by Mark Portz on May 9, 2017 1:04:00 PM

In the first part of this blog, we learned about who Generation Z is. Now that we have a better understanding of who we are talking about and realize that we need to be prepared, let’s look at what it means for your financial institution.

Read More

Topics: Mobile Banking, Data Integration, Mobile

Reports of Reporting’s Death are Greatly Exaggerated

Posted by Peter Keers, PMP on May 2, 2017 11:01:00 AM


In the world of credit union data and analytics, there are hot topics galore:

These subjects fall under the trendy term, Data Science. Yet, when it comes down to the practicalities of everyday business at a credit union, plain old reporting still provides the most information used for decision making. An O’Reilly/TIBCO Jaspersoft e-book released in March 2017 quotes a recent InformationWeek survey that found 88% of organizations are using reports while only 34% use data science.

Read More

Topics: Reporting and Analytics, Omni-Channel, Data Visualization

Business Use and ROI of Data Analytics with CUbroadcast at NACUSO [VIDEO]

Posted by Mark Portz on Apr 25, 2017 2:05:13 PM

OnApproach CEO, Paul Ablack, and Mike Lawson of CUbroadcast caught up at the NACUSO Network Conference in Orlando to discuss credit union industry trends and the upcoming 2017 AXFI Conference

The interview covers credit union collaboration, fintech disuption, enterprise data integration, predictive analytics, data pooling, member experience, Identity and other exciting topics relevant to today's financial services industry. 

Read More

Topics: Video, Data Analytics, collaboration, AXFI Conference, CUBroadcast

Building for the Future

Posted by Michael Cochrum on Apr 5, 2017 11:15:00 AM

When my brother and I were kids, we liked to build things. We built forts, ramps and anything else we could fashion out of scrap wood.  Typically, our projects served a specific function, to ward off rival “street gangs” of preteens from another block, to propel our dirt bikes into the air, or whatever else we decided could or would result in our becoming temporarily disabled.  We thought we were good builders, but the greatest evidence that we were not, is that our work does not exist in any form today.

Read More

Topics: Big Data, Data warehouse, FinTech

Credit Union Service Organizations and Platform Analytics with Paul Ablack

Posted by Mark Portz on Mar 27, 2017 12:02:00 PM

In the sixth and final Data Analytics Series BIGcast, That’s a Wrap, John Best speaks with Paul Ablack, OnApproach CEO, about key themes and trends we are experiencing in the credit union industry, and how credit unions can get started with data and analytics.

Read More

Topics: CU Analytics Platform, BIGcast

CU Analytics and Collaboration on CUbroadcast at CUNA GAC [VIDEO]

Posted by Mark Portz on Mar 21, 2017 12:02:00 PM

 

Read More

Topics: collaboration, Big Data & Analytics, AXFI Conference

Stop Worrying about Millennials; Say Hello to Generation Z: Part 1

Posted by Mark Portz on Mar 16, 2017 12:04:00 PM

There has been a major emphasis on making banking friendly for millennials. Of course, this is a necessity as millennials make up a larger percentage of the workforce and have different expectations for their financial institutions than previous generations. However, there are bigger changes to prepare for. If you are struggling to please millennials, a generation of adults who were impressed by the ability to send text messages and pictures as high schoolers, how will you be able to meet the needs of Generation Z – the generation who has been operating smart phones and tablets (and in some cases coding) before they could walk or talk?

Read More

Topics: Millennials, FinTech

Subscribe to Email Updates

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.
  • Provide tips and best practices.
  • Provide entertainment.
  • Share ideas and expertise.

Posts by Topic

see all