CU*Answers will help credit unions keep men and women apart in the latest iteration of its CU*BASE core processing system.
A tool known as the Gender Generator will be included in version 10. The new tool will help credit unions that use its relationship analysis and other data mining "Know Your Member" tools, the 165-customer tech CUSO said.
The Gender Generator updates a membership database by comparing it with a list of more than 11,000 names and, with an estimated 75% accuracy or better, decide what gender a member is who has a "gender-ambiguous name such as Chris or Pat," the CUSO said.
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CU*Answers, based in Grand Rapids, Mich., said it will soon operate on a new generation of IBM servers. The POWER6i550 expands the upgrade path of its decade-old i5 processors by more than 15 times, the company said, providing the "ability to handle virtually unlimited growth potential."
May 23 has been set as the go live date, the company said.
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