|Posted on September 13, 2019 at 5:20 AM|
By - Karan Bhalla (CEO, CU Rise Analytics LLC)
Financial consumers today have choices – at least 10,000 when it comes to financial institutions, to be more exact.
That’s why, when you secure a new member, retaining them is so important. Between 25-40% of new members leave a credit union in the first year. Consider this:Read Full Post »
|Posted on September 13, 2019 at 5:15 AM|
Faced with the reality that 40% of Americans aren’t visiting bank and credit union branches in favor of online and mobile banking, financial institutions today understand that they must be “digitally ready,” with an online presence that meets the expectations of today’s consumers.
Like other FIs, credit unions are expanding their digital presence by moving traditional banking services onlin...Read Full Post »
|Posted on August 26, 2019 at 10:35 AM|
|Posted on August 22, 2019 at 4:50 AM|
Credit unions, like all financial institutions, are deep in the era of digitization. There’s been a key trend of moving traditional banking activities online, which generates lots and lots of data. The sum of this online financial activity creates a detailed picture of the behavioral patterns of members.
Credit unions are growing in their acknowledgement of the importance of leveraging this data, but are falling behind other financial institutions in maximizing the opportunities. ...Read Full Post »
|Posted on August 8, 2019 at 3:35 AM|
VIENNA, VA (July 25, 2019) — This month, CU Rise Analytics welcomed Tom Davis as the newest member of its Board of Directors. Davis is the CEO of data consulting company Trellance, and is a recognized expert in credit union finance, technology, payments, and strategic planning.
CU Rise will leverage Davis’ deep experience as it expands its portfolio of innovative data analytics products and services and continues to serve a growing number of credit unions in the ...Read Full Post »