Predictive analytics

Tech sprints that bring regulators together with bank officials, data scientists and software companies originated in the U.K. and have crossed the pond into the U.S.

It can be a painful process for a bank to go digital, but there are ways to ease the transition.

Testing shows an overreliance on machine learning data can unfairly harm credit scores.

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.

The bank has been deploying artificial intelligence in every business line, conducting research to find out what consumers think about the technology, and holding a roundtable with experts to define "responsible" AI.

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

Changes in consumer behavior patterns will force banks to reassess the information they use to attract customers.

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.