The 5th Annual Analytics and Financial Innovation (AXFI) Conference is right around the corner. Due to popular demand, we are excited to announce the return of the Credit Union Industry Analytics Best Practices Competition. This time, with a twist. While this competition in the past has regarded best practices in analytics, the 2018 AXFI Conference will now highlight impressive credit unions making strides in both analytics and innovation. A total of 6 credit unions will be selected to present in the Digital Transformation Showcase: 3 for their analytics work products, and 3 for their demonstration of innovation in action.
Do you have an example of reporting and/or analytics that you created that has been beneficial to your credit union? We know credit unions are working hard every day to turn raw data into valuable insights that can be used by credit unions to better serve their members. We want to hear from you in a forum that will allow you to share these ideas with other so that they too can benefit from this knowledge.
To that end, we are inviting credit union employees to participate and showcase their hottest reporting, dashboarding, and/or analytics work product. The goal of the competition is to help the credit union industry become more analytically driven by collaborating and sharing best practices.
The top three submissions will be selected to pitch their work product in a 10 minute presentation (+2 minute Q&A) at the 5th Annual Analytics and Financial Innovation (AXFI) Conference in Minneapolis, MN on Tuesday, June 12, 2018. A panel of judges will then pick the winner based on the following criteria:
The winning submission will receive a plaque that can be prominently displayed at the credit union and a nationally distributed press release. All applications will also be validated for eligibility to be featured on the CU App Store, based on the following criteria:
“In recent years, new and innovative players have entered the financial services realm, and they’re looking to grab pieces of your business. I define this trend as “death by 6,000 cuts.” This refers to the six thousand financial technology startup companies that are each targeting one small piece of traditional financial institutions’ business model. These companies include such diverse offerings as CoinStar (coin exchange), Acorns (which rounds up customer’s purchases and puts the excess into investment accounts), and Kabbage (an online lender to small businesses). What traditional lenders will be left with is members’ transactional business while new, innovative players siphon off the more profitable pieces of the traditional banking business.”
- John Best, Founder/CEO, Best Innovation Group
Credit Unions cannot ignore the fact that traditional business models are being disrupted by fintech startups and evolving member expectations. How does your credit union innovate to improve business operations or member service?
The top three submissions will be selected to pitch their work product in a 10 minute presentation (+2 minutes Q&A) at the 5th Annual Analytics and Financial Innovation (AXFI) Conference in Minneapolis, MN on Tuesday, June 12, 2018. A panel of judges will then pick the winner based on the following criteria:
Enter the Digital Transformation Showcase
Credit unions that are interested should complete the submission form by June 1st, 2018 to be considered for the competition.
Questions? Please contact us.