Why attracting millennials requires big data/analytics
Millennials are living in a vastly different world than their Baby Boomer parents. They live in a time in which a phone isn’t just a piece of plastic used for making calls, it’s [...]
OnApproach News Archives
5 essential steps for effective dashboards
by: Peter Keers In the quest to improve operational performance, credit unions are looking for ways to take advantage of Big Data and Analytics. One area of interest is dashboards. Dashboards are generally defined as [...]
6 steps to build an analytics-empowered alerts strategy
by: Nate Wentzlaff The amount of activities occurring at a credit union every day can be intimidating when building data-driven solutions. With complex business processes and tasks requiring manual intervention, credit unions are hesitant in [...]
Best of 2014: Credit union big data/analytics – Part 2
by: Austin Wentzlaff Big Data/Analytics has been buzzing around different industries for some time now. A prime example is how Amazon used Big Data/Analytics to dominate the retail industry. For the Credit Union [...]
The “Yin and Yang” of credit union reporting/analytics software: 3 factors to consider
by: Paul Ablack As a veteran of the Business Intelligence (BI) industry, which is now being eclipsed by Big Data and Analytics, I have witnessed many organizations looking for the “perfect BI software”. For at [...]
Best of 2014: credit union big data/analytics – Part 1
by: Austin Wentzlaff Big Data/Analytics has been buzzing around different industries for some time now. A prime example is how Amazon used Big Data/Analytics to dominate the retail industry. For the Credit Union [...]
Data analytics for personalized financial education
The opportunity for credit unions to give better financial guidance to members is hidden in a deep “data ocean” by: Nate Wentzlaff Credit unions store massive amounts of data on detailed aspects of members’ lives. [...]
Understanding analytics at your credit union
On December 9th, 2014 I attended an afternoon presentation at the Credit Union Big Data/Analytics Conference hosted by OnApproach. This particular session, “The Denali Story: What Management Needs to Know About Analytics” was presented [...]
3 ways community spurs advancement within the credit union industry
Sharing ideas and analytics solutions allows credit unions to thrive in the ever-changing financial marketplace by: Nate Wentzlaff Recently, I attended the Credit Union Big Data/Analytics Conference hosted by OnApproach. During the conference, many [...]
The credit union of the future
by: Peter Keers McKinsey & Company released a fascinating report in November 2014 titled The Bank of the Future. The observations of author Somesh Khanna are very relevant to the credit union of the future [...]
Predictive analytics empowers credit unions to “think globally, act locally”
In order to continue thriving, the credit union industry must launch predictive analytics solutions to impact local initiatives by: Nate Wentzlaff In his 2007 book, Competing on Analytics, Thomas Davenport explains how analytics solutions have [...]
3 credit unions trends on big data
by: Paul Ablack On October 16, 2014 I attended an afternoon of presentations and discussions on Big Data with a focus on information and insights for capital markets professionals. The event was a joint live [...]
The “Big Four” vs credit unions – a David and Goliath story
by: Austin Wentzlaff In my most recent blog post, “A Lesson from Amazon & Uber: How to Transform Data into Your Most Valuable Asset”, I discuss the ways in which data is changing how we [...]
4 ways “high tech” meets “high touch” in credit union big data/analytics
by: Nate Wentzlaff In his #1 New York Times Bestseller book, Megatrends, John Naisbitt predicted that with the rise of “high tech” solutions, people would increasingly feel a need for “high touch” connections to balance [...]
Lending clubs: A threat to credit unions
Although a credit union is operated cooperatively, as a “not-for-profit” entity, the “not-for-profit” status of credit unions does not prevent them from making money. Credit unions generate their revenue almost entirely from lending, both business [...]