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Unknowns and uncertainty permeate today's economic landscape. Strategically leveraging tools such as advanced analytics and understanding how to extract meaningful insights from that data can give credit unions a competitive edge when it comes to business growth and member retention.
For decades, statistical and mathematical tools have been used to measure risk and predict outcomes. The future of credit underwriting is happening now as big data meets advanced data analytics. By leveraging off-the-shelf solutions, credit unions can make confident lending decisions to ensure more consumers are able to enter the credit ecosystem.
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