OnApproach News Archives

7 challenges of implementing a big data & analytics solution

7 challenges of implementing a big data & analytics solution

by: Austin Wentzlaff Most credit union leaders are familiar with the concept of Big Data and business intelligence, but many fail to fully understand the significance they have on their credit union and its future.  [...]

What is the ROI of big data for credit unions?

What is the ROI of big data for credit unions?

by: Paul Ablack Credit union leadership teams are increasingly realizing the “buzz” around Big Data & Analytics is real. However, there are two significant questions that get asked about this topic: Why should credit unions [...]

Why your members don’t need you

Why your members don’t need you

by: Austin Wentzlaff Consumers, particularly millennials, are becoming less interested in meeting actual people to solve their problems and more interested in doing it themselves.  With the rise of the internet, information is readily available [...]

Why analytics requires standard data sets

Why analytics requires standard data sets

With systems designed to capture a robust amount of data on every transaction that occurs throughout the credit union, standard data sets are required to form strong analytics. by: Nate Wentzlaff Credit union leaders must [...]

6 steps to develop a data-driven vision

6 steps to develop a data-driven vision

by: Nate Wentzlaff As an industry in the middle of a massive shift, credit unions must steer in the best direction to enter a prosperous future. The Financial services industry has traditionally been an industry [...]

Credit unions and big data/analytics

Credit unions and big data/analytics

by: Austin Wentzlaff OnApproach is featured on Corporate Review to discuss how they are helping credit unions to thrive in the financial services market. Credit unions struggle with their data because of the vast number [...]

DNA of a credit union

DNA of a credit union

The DNA of any organism is the model of its identity.  Analytical models of data (the building blocks of the credit union) will allow the industry to make better decisions that reflect their character. by: [...]

3 big data and analytics lessons for credit unions: Parsing the storm

3 big data and analytics lessons for credit unions: Parsing the storm

by: Peter Keers Big Data and Analytics lessons for credit unions can come from some unlikely sources. Consider the contest between U.S. and European weather-prediction models. The European Centre for Medium-Range Weather Forecasts (ECMWF) [...]

5 steps for making analytics work for your credit union

5 steps for making analytics work for your credit union

by: Austin Wentzlaff Analytics is top-of-mind for many credit union executives. Yet, as with all new technologies, there is a concern that it won’t work.  The concern is well justified.  There are many technologies [...]

The foundation of credit union excellence

The foundation of credit union excellence

In an industry where data is the most valuable asset, data integrity is essential. Building a successful credit union begins with data integrity. by: Nate Wentzlaff Credit union data is more abundant than ever. Along [...]

Big data/analytics: The curse of the black box

Big data/analytics: The curse of the black box

by: Peter Keers Credit unions seeking to improve their Big Data/Analytics capabilities face a classic choice: build (DIY) or buy? The “buy” option is often perceived as the more expensive option. Many credit unions [...]

Analytics tools: Cultivating the “data wilderness”

Analytics tools: Cultivating the “data wilderness”

The credit union industry is living in a wilderness of untamed data.  Cultivating this “data wilderness” will require a vast array of analytics tools. by: Nate Wentzlaff Credit unions are in the middle of an [...]