“The world is now awash in data and we can see consumers in a lot clearer ways.”- Max Levchin

A transformation doesn’t exist until action is taken. One thing is to have amazing data and another thing is to be able to expose that data and visualize i

No doubt the election has been highly contentious and with it now behind us we can begin to ask the questions, “what does it mean?”  I’ll narrow that question a bit further to “what is the financial impact on credit unions?”  This past weekend Presid

Nowadays, the demand for data-driven business decisions is high. With more data being stored “in the cloud” by CRM systems like Salesforce, Sage CRM, etc., a solution is required to access the data in a short time and at one place. This is where API

When a company employs a data-driven approach, it means decisions are made on the basis of data analysis and interpretation. This approach enables the companies to flourish in the area of specialization and achieving the goal of better serving their

Credit Unions are more data centric now than ever before. They are emphasizing on collecting, storing harnessing data and laying strong data-based foundations. To make decisions which are member centric, and to be able to take actions where they are

COVID-19 has helped us to understand how data, analytics, and technology can simplify everything – right from placing orders online to getting door-step deliveries, having video chats with the family to running a business smoothly via digital medium

Good data and data strategies allow organizations to measure and establish baselines, benchmarks, and goals to keep moving in the area of specialization. The importance of data is indispensable and to help us understand it better, CULytics organized

What are the crucial steps towards building an analytics practice that will help your Credit Union perform in a manner which is relevant and progresses in a constantly changing business environment?

In this article, we throw light on how to build a

Continuous support to members and communities is in the DNA of Credit Unions. Now, as the economy is beginning to re-open, Credit Unions are reimagining their strategic plans and operations to face the New Normal of life during and post-pandemic. Th

For all financial institutions, Data Analysis needs to be a centralized, full-time function. In the face of disruptions such as COVID-19, we should be able to expose, understand, and harness the data to enable and take action.

In this article, we di

Data is so important now and we can use it to predict what to do in the business. For making predictions, we collect data in the data warehouse. It is used to collect and analyze business data from different sources. It is the core of the Business

Artificial intelligence is becoming a part of our daily lives- right from the image and facial recognition to analytics and personalized systems- we find that the need to trust these systems is paramount. AI is finding its ways into industries like

How many members of your credit union are applying for the new loans? What is the average net new loan amount per branch?

Check out this list of the top credit unions with the highest and lowest new loan balances per branch. The report is based on th

How is your transactional relationship with your members? Is it based on face-to-face meetups or are you having a transactional website that your members are using?

Efficiency Ratio – is the measure of credit union’s productivity. The lower the efficiency ratio, is generally considered better. A high or rising efficiency ratio means that the credit union is losing a larger share of its income to overhead expense