The Decision Maker

Credit Union Cooperation: Google Maps Style

Posted by Nate Wentzlaff on Feb 7, 2017 12:02:00 PM

As credit unions begin their journey into the future, they must rely on an industry standard analytics platform to guide them to their destinations.

Google Maps has revolutionized how we navigate our lives. It saves us from headaches caused by unnecessary traffic and other challenges in traveling. My journey from work to home has many different routes depending on traffic patterns. During days with slower traffic (i.e. - winter snowstorms), the Google Maps recommended route will change every 5 – 10 minutes. Using an analytics engine that informs me of the best route allows me to spend extra time on more important things in life. Credit unions have a similar opportunity when navigating their institutions into the uncertain future of financial services. Establishing an industry standard analytics platform will enable credit unions to cooperate on analytics and guide them to their desired destinations.

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Topics: Analytics, Data Integration, Data Pool, Cooperation, Data Visualization, Insight Platform

6 Steps to Develop Member-Centric Models

Posted by Nate Wentzlaff on Jul 22, 2015 11:11:08 AM

As financial technologies become more complex, credit unions must design their business and data models around the member.

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Topics: Analytics, Big Data, Members, Cooperation, Analytic Data Model, data model

Cooperative Analytics: The Standard Data Model

Posted by Nate Wentzlaff on Apr 16, 2015 12:30:00 PM

In order to cooperate more effectively, credit unions must “read from the same book” by agreeing on common meanings for their business terms. 
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Topics: Big Data, Big data/analytics, Cooperation, Analytic Data Model, Semantic Layer

The Next Big Idea for the Credit Union Industry

Posted by Paul Ablack on Feb 23, 2015 11:11:57 AM

The credit union industry is on the cusp of significant challenges with the potential to disrupt the financial services landscape as we know it. Big Data and Analytics is driving a new breed of competitor into what has been a very traditional marketplace. The industry will need to envision and build out the “Next Big Idea” for credit unions to stay competitive and successfully navigate the next 10 years.

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Topics: Business Intelligence, Big Data, Credit Unions, Data warehouse, Data Integration, Data Pool, Big data/analytics, predictive analytics, CUSO, Cooperation

How Credit Unions Can Leverage Big Data [Video]

Posted by Austin Wentzlaff on Feb 5, 2015 11:30:00 AM

 


 OnApproach's Founder and CEO Paul Ablack discusses today's evolution of Big Data and how credit unions can benefit from this increasingly refined information to provide more specific products and services for enhanced value.

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Topics: Reporting and Analytics, Analytics, Mobile Banking, Business Intelligence, Big Data, Credit Unions, Mobile Payments, Data warehouse, Data Integration, Marketing, Data Pool, Video, Mobile, Shared Applications, Big data/analytics, predictive analytics, Lending Clubs, Cooperation, Podcast

3 Ways Community Spurs Advancement within the Credit Union Industry

Posted by Nate Wentzlaff on Dec 15, 2014 1:12:45 PM

Sharing ideas and analytics solutions allows credit unions to thrive in the ever-changing financial marketplace

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Topics: Big Data, Big data/analytics, community, Cooperation

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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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