Blog

Digital Banking and Analytics Initiatives Top Banking Technology Predictions for 2022
January 20, 2022
When looking at major trends and predictions regarding banking technology for mid-market financial institutions this year, two themes top the list—digital banking and analytics initiatives. Mid-market financial institutions have been placing more emphasis on digital banking and analytics initiatives in recent years as consumer preferences and technologies evolve...
Data analytics are vital to understanding customer banking trends
January 13, 2022
The financial services industry continues to rapidly evolve. Between mergers, changing customer demographics, and increasing reliance on digital platforms for banking interactions, it can be difficult for smaller institutions to compete in a crowded market with large, national, and online-only banks. As customer interactions become increasingly digital, community and mid-market banks are challenged with maintaining the competitive advantage that local, personalized, white-glove service has traditionally afforded them...
Aunsight Golden Record creates a single source of truth for credit union data
January 5, 2022
Credit unions have a great deal of data spread across various systems. However, it is impossible to create a centralized, accurate and up-to-date record of all of this data manually. Aunsight™ Golden Record automates this process by aggregating, cleansing, and merging data into a single source of truth so credit unions have access to an accurate record of their data in one place...
What is the 1-10-100 rule of data quality
December 10, 2021
The 1-10-100 Rule pertains to the cost of bad quality. As digital transformation is becoming more and more prevalent and necessary for businesses, data across a company is integral to operations, executive decision-making, strategy, execution, and providing outstanding customer service. Yet, many enterprises are plagued by having data that is completely riddled with errors, duplicate records...
Daybreak's built-in data connectors and integrations speed insights for financial institutions
December 2, 2021
Got data? There's a Daybreak connector for that! Our customer intelligence data platform, Daybreak™ for Financial Services, has built-in connectors for the financial services industry so credit unions and banks can put an end to siloed, disparate data. Daybreak connects to most relevant data sources...
Failure to follow Data Privacy Compliance requirements can be costly
November 18, 2021
GDPR, CCPA and the newly coming CPRA (which goes into effect 1/1/2023) require intense data management, or the cost of non-compliance can rise to $1000 per record. These data privacy laws pertain broadly to personal information of consumers including...
November 11, 2021
The data accuracy market is currently undergoing a paradigm shift from complex, monolithic, on-premise solutions to nimble, lightweight, cloud-first solutions. As the production of data accelerates, the costs associated with maintaining bad data will grow exponentially and companies will no longer have the luxury of putting data quality concerns on the shelf to be dealt with “tomorrow.”...
Daybreak Analytic Database
November 4, 2021
Is your credit union in a position to hire experienced data scientists who will develop predictive algorithms to enrich your member relationships? With Aunalytics, you can take advantage an entire team of data science talent. Our customer intelligence data platform, Daybreak™ for Financial Services, includes industry relevant Smart Features...
How Cybersecurity Mitigation Efforts Affect Insurance Premiums
October 29, 2021
Cyberattacks have increased sharply over the past year. According to an August 2021 survey by IDC, more than one-third of organizations globally have experienced a ransomware attack or breach that blocked access to systems or data over the last twelve months. As a result, insurance companies are tightening eligibility requirements for…
Financial institution is hit by a ransomware attack
October 21, 2021
Many organizations in the financial services sector don’t expect to be hit by ransomware. In the recent State of Ransomware in Financial Services 2021 survey by Sophos, 119 financial services respondents indicated that their organizations were not hit by any ransomware attacks in the past year, and they do not expect to be hit by them in the…