Analytics

New data analytics could help provide more comfort to banks in doing business with the cannabis industry, despite restrictive federal laws.

New data analytics could help provide more comfort to banks in doing business with the cannabis industry, despite restrictive federal laws.

Mastercard has launched two separate initiatives that touch the health care market — blockchain for visibility in food systems and Mastercard Healthcare Solutions to detect fraud and bring efficiencies in health care organizations.

Credit unions have traditionally struggled to access analytics due to limited resources but that is now beginning to change thanks to recent advances.

The Madison, Wis.-based think tank will launch its Centers for Excellence starting next year.

Data collection and analysis is more accessible than ever before, and credit unions must use this tool if they want to successfully compete.

Credit unions are slowly embracing the impact data analytics can have on the bottom line, but experts say goal-setting and measurable achievements must also be a part of the process.

The fast-growing data company, which says its mission is to help banks be better consumer advocates, will use its cash infusion for hiring, software development and new partnerships.

Credit unions have not invested enough in analytics. But changing that would help the industry compete with big banks and improve efficiencies.