The Decision Maker

The Power of Semantics in Credit Union Analytics

Posted by Nate Wentzlaff on Aug 23, 2016 11:06:00 AM

A common language forms a bond between humans and strengthens their ability to cooperate. Credit unions must agree on common semantics to establish powerful business analytics throughout the industry.

Language is very powerful tool. The ability for people to understand each other forms one of the strongest bonds known to man. The credit union industry has remained strong through the power of collaboration. However, new challenges have been mounting against the industry such as big banks and fintech competitors, stricter regulations and the increasing complexity of products and channels. Therefore, being on the “same page” is more important than ever. Currently, credit unions are speaking different languages and trying to collaborate. This results in miscommunication throughout the industry which depends on unity for strength. The ability to communicate easily and effectively is the foundation of credit union analytics.

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Topics: Data Integration, Data Standards, Semantic Layer, data model

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

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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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