MINNEAPOLIS, Minn.–OnApproach , a provider of Big Data and Analytics for credit unions, said it will host in collaboration with Best Innovation Group, the 4th annual Analytics & Financial Innovation Conference here June 11-14, 2017.
“The retail financial services industry is under immense pressure to change and credit unions will have to find a way to re-invent themselves in the next few years in order to remain relevant and competitive. At the heart of this re-invention will be harnessing the value of their vast troves of data to develop closer relationships with their members. There are many new start-ups and technologies that create a broad base of options for credit union leadership to map their future” the companies said.
"AXFI is a forum that brings a new breed of thinking about how technology can not only help us in the next six months but also in the next three to five years,” said Paul Ablack, CEO, OnApproach.
Added John Best, CEO of Best Innovation Group, "As a veteran of this industry and an avid technologist, I have never seen a time like this where traditional areas like payments and loan origination have been under this level of disruptive pressure. At some point they will figure it out and then it will be too late. I believe that Credit Unions have the skills to disrupt in this space but we need to move now.”
The companies said the 2017 Analytics and Financial Innovation Conference will focus on providing education and insight into Big Data, Analytics and innovative technologies like artificial intelligence and blockchain.