How can we ensure your credit union’s success in today’s competitive landscape? The answer lies in a simple yet critical question: How effective is your member retention strategy? Why is retaining customers so important? Well, it’s simple. Retaining your existing members is more cost-effective than acquiring new ones. Member Retention: The Key to Sustainable… Continue reading Boost Member Retention, Fuel Credit Union Growth
Category: Infographic
Data Analytics to Propel Your Credit Union’s Growth
Data analytics can play a crucial role in driving growth and improving decision-making within a credit union. Explore the infographic below to learn how! That’s great to hear! Data analytics can play a crucial role in driving growth and improving decision-making within a credit union. By leveraging data, you can gain valuable insights into member behavior, identify… Continue reading Data Analytics to Propel Your Credit Union’s Growth
Trends in Digitization: Credit Unions Revolutionize Operations for a Tech Savvy Word
In today’s tech-savvy world, where customers expect seamless digital experiences, credit unions must revolutionize their operations to stay competitive. Credit unions must adopt digital technologies to remain competitive and provide efficiency in operations. The digital transformation of credit unions is a strategic imperative for long-term success. By embracing digital technologies, credit unions can stay relevant… Continue reading Trends in Digitization: Credit Unions Revolutionize Operations for a Tech Savvy Word
Trends in Digitization: Credit Unions Innovate to Enhance Customer Experience
The process of digitization is having a profound impact on the financial services industry, and credit unions are no exception. To remain competitive and provide an exceptional customer experience, credit unions must adopt digital technologies for their operations. This includes: 1. Empowering customers with digital avenues for interaction 2. Creating a seamless omnichannel digital experience… Continue reading Trends in Digitization: Credit Unions Innovate to Enhance Customer Experience
Lending Trends 2023: What factors will impact the lending industry?
As we step into the year 2023, the lending industry finds itself at the precipice of exciting transformations and emerging trends. The dynamic landscape of finance and technology continues to shape how loans are originated, processed, and serviced. In this article, we explore the key lending trends of 2023 that are set to influence the… Continue reading Lending Trends 2023: What factors will impact the lending industry?
Manual Underwriting Minimizing Your Credit Decisioning Accuracy?
Loan underwriting is tricky. Everyone has unique financial circumstances, and there’s no way you can be 100% certain that someone will pay back a loan. Today we are seeing a new generation of borrowers, customers with no credit history, and a large digital footprint. The traditional policy-driven rules-based manual underwriting that has worked so far… Continue reading Manual Underwriting Minimizing Your Credit Decisioning Accuracy?
Think Big, Start Small: Journey to an Intelligent Enterprise
Covid-19 has significantly disrupted working practices across all industries. The pandemic has created an imperative to fundamentally reimagine the nature of work, workforce, and business processes. Technology continues to grow by leaps and bounds, but business processes don’t always keep up—and companies who fall behind pay a heavy price in lost profits, productivity, and value.… Continue reading Think Big, Start Small: Journey to an Intelligent Enterprise
Reaping Benefits Through Automation of The Quoting Process
As a professional services provider, how would you rate your Quote to Order process? Is it time for an overhaul? Speaking to engineering consulting services, it was quite evident that 90% of the enquiries came through referrals and word of mouth, despite various initiatives in marketing. Most business owners themselves handled sales and therefore the Quote to Order process, and the majority felt that… Continue reading Reaping Benefits Through Automation of The Quoting Process
Automate…Automate…Automate … APIs & RPAs to Your Advantage
Automate…automate…automate …You probably have heard the automate refrain many times over by now! Are you familiar with Robotic Process Automation (RPAs) ? For those who are not – any process that is repetitive in nature and is a ‘low hanging fruit’ for automation can be called a Robotic Process. Can you identify robotic processes in your workflow? They… Continue reading Automate…Automate…Automate … APIs & RPAs to Your Advantage
Cost Effective Dashboards for Professional Services Firms
Navigating small and medium sized businesses is extra tricky these days. The speed of technology and economic changes means that there is a constant need to adapt and dynamically solve new problems. What worked in the past is not guaranteed to work today and might even be a disaster tomorrow. Key challenges faced by… Continue reading Cost Effective Dashboards for Professional Services Firms