How credit unions can win the big data play
Ask executives at the money center banks how they plan to win, against both fintechs and smaller institutions like credit unions, and they smirk as they say two words, big data. Big data is today’[...]
Ask executives at the money center banks how they plan to win, against both fintechs and smaller institutions like credit unions, and they smirk as they say two words, big data. Big data is today’[...]
As credit unions embrace data and analytics, the subjects of Big Data and Data Lakes are increasingly topics of interest. Just as “Data Warehouse” and “Business Intelligence” were novel (now nearly obsolete) concepts just a [...]
As collaborative community-based institutions, credit unions are very unique organizations. For many that have not been exposed to credit unions, it is difficult to see what makes this community so special, or even how a [...]
Credit union interest in Big Data is at an all-time high. The promise of predictive analytics and other Big Data opportunities will be a key part of helping the industry compete more effectively with traditional [...]
Credit unions are facing several unique challenges. As an industry, credit unions have fallen behind competing fintech startups and major retail banks. It is vital for financial institutions to understand the problems they are facing [...]
Data is rising at an incredible pace, covering all aspects of a consumer’s life. In the past two years, more data has been created than in the entire previous history of the human race. ([...]
Please note: this article was started when Bitcoin crossed $10,000. Bitcoin is now at $18,000 (maybe even higher as you read this). When thinking about Bitcoin and Amazon it might be easy for [...]
The term “digital transformation” has been a very hot topic recently, creating new conversations and products across a wide range of industries. This chart below, via Google Trends, displays the worldwide popularity of the phrase “[...]
Analytics has been a prevalent topic for many years but never more prevalent in the credit union industry than it is today. Just a few years ago, the topic hardly came up, but in 2017, [...]
By now it’s clear, data and data analytics is an extremely important growth area for credit unions. Behind it all, there is one main motive – monetizing data to its fullest extent. There is tremendous [...]
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 [...]
Forward-thinking credit unions are tuning their internal data for improved decision making. Previously, data was locked up in multiple, “siloed” transactional systems. Now, innovative credit unions organize their critical information within integrated data warehouses. However, [...]
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 [...]
In the world of credit union data and analytics, there are hot topics galore: Big Data Data Mining Predictive Analytics Machine Learning These subjects fall under the trendy term, Data Science. Yet, when it comes [...]
Credit unions are awash in data, but until recently there were few options for leveraging this data for better decision making. That has changed with the emergence of two major innovations. First, the data integration [...]