The Decision Maker

CuOS – A Platform for Credit Unions Similar to Apple iOS

Posted by Austin Wentzlaff on Jul 31, 2017 9:02:00 AM

Apple has made a tremendously successful company off of one thing… Is it the iPhone, iPad, iPod, or Mac series? No.  What makes Apple so powerful and successful is not its products, but rather the ecosystem it’s created through its standard operating system, the iOS.  An operating system or “platform” that enables its users to connect with the rest of its users as a community and its developers.  With this common platform, all users are on a level playing field with a similar access to all “apps” and services that have been created on the platform – rather than each user building everything themselves.

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Topics: Analytics, Shared Applications, collaboration, CU Analytics Platform, Insight Platform

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. 

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

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

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

 

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Topics: collaboration, Big Data & Analytics, AXFI Conference

Medtronic and Masimo agree to share de-identified patient data to improve patient safety; A lesson for the credit union industry

Posted by Paul Ablack on Nov 15, 2016 10:01:00 AM

In a Star Tribune article this week, “Medtronic agrees to share data in patient-safety effort”, we learned that “when it comes to patient safety, the leaders of the two companies are now sitting at the same table to discuss how they can share de-identified patient data with each other, as well as outside researchers and entrepreneurs, to predict health problems.”

The need to share data about patients and customers is hitting the mainstream as companies figure out that the pooling of this data is critical to the discovery of new insights that can help them develop better products that improve the lives of their customers. Competitors in many industries are realizing that they need to “get over themselves” and start figuring out ways to share this data for the greater good.

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Topics: Data Pool, collaboration

How Credit Unions can Achieve Big Data without Big Costs

Posted by Mark Portz on Oct 18, 2016 11:00:35 AM

By now, credit unions are aware of the industry’s changing landscape. Credit Unions are facing Fintech influence, industry disruption, and realize it is no longer an option, but a necessity to capture and optimize every piece of obtainable data to remain competitive in financial services. Large banks have been investing heavily in big data and continue to do so. Unfortunately, these banks are directly competing with credit unions, which don’t have the same resources available to effectively invest in big data. Awareness is step one, but one state is taking action to put the power of big data in the hands of credit unions.

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Topics: collaboration, Big Data & Analytics

4 Reasons to use Credit Union Service Organizations (CUSOs)

Posted by Austin Wentzlaff on Aug 20, 2015 2:10:40 PM

“[CUSOs] provide a means to an end – allowing credit unions the capability to fulfill the financial needs of their members in a cost effective environment through efficient delivery channels.  Plus, they attract the brightest and most innovative minds to the board table, bringing best practices of credit unions across the country, which is a priceless experience.”  – Doug Petersen President/CEO of Workers’ Credit Union.

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Topics: Big Data, Credit Unions, Credit Union Service Organization, collaboration

Credit Unions Must Collaborate for Big Data & Analytics

Posted by Austin Wentzlaff on Jun 19, 2015 11:30:00 AM

“Alone we can do so little; together we can do so much” – Helen Keller

The credit union industry (or credit union movement as it’s often referred to) is probably one of the most collaborative industries in the United States, if not the entire world. Unlike other organizations, credit unions share everything from ideas to secrets. They truly care about the welfare of the industry and its millions of members. It’s great! Collaboration benefits credit unions in several ways – however, in my opinion, one way in particular presents the biggest opportunity.

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Topics: Analytics, Big Data, Big data/analytics, collaboration

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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.

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