Data analytics.

Two-thirds of credit unions understand they must use data to compete against fintechs, big techs and banks but a third are not prioritizing information use and will struggle to compete.

That is among the findings from Tampa, Fla.-based innovation catalyst Best Innovation Group, Inc., in its Fall 2018 Semi-Annual Credit Union Industry Survey Report. The study, performed in conjunction with Plymouth, Minnesota-based data-consulting company OnApproach, provided a state of the industry update regarding data analytics and its adoption at credit unions.

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Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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