Credit Unions

MARK SMARTER, COST-EFFECTIVE INVESTMENTS IN TECHNOLOGY

BDO IT Solutions recognizes that credit unions, like most financial services institutions, face their share of regulatory, risk, innovation and growth-oriented challenges.

As a trusted advisor, BDO IT Solutions works closely with our clients to determine if and when technology can contribute to the company-wide strategies required to address these fundamental challenges. Where it is deemed that technology can or should be part of the solution, we look first to leverage the client’s existing technology assets before recommending additional solutions to add value to the particular pursuit.

Regardless of whether you are a smaller credit union focused primarily on the needs of a particular community or a larger entity looking to extend your national reach, BDO IT Solutions can help your organization achieve your business objectives while at the same time maximizing the return from your investments in technology.

ADHERE TO INCREASING REGULATORY COMPLIANCE REQUIREMENTS

Business Process Review Assistance

  • IFRS and other compliance initiatives associated with credit unions often require a sanity check of your existing business processes. BDO IT Solutions can provide valuable insight into the processes and best practices that align with these regulatory requirements.

Refine Data Warehousing & Data Reporting Capabilities

  • Organized, consolidated data is a critical variable within the reporting process associated with the latest credit union regulations. BDO IT Solutions can help evaluate both the existing format and accuracy of your existing data to ensure that you are prepared for these revised reporting requirements.

Modernize Systems that Generate Critical Data

  • The relevance and accuracy of your financial information is only as good as the systems that generate the related data. BDO IT Solutions will work with your team to assess every source of data and recommend system improvements as necessary.

MANAGE RISK ACROSS YOUR ORGANIZATION MORE EFFECTIVELY

Effectively Leverage Corporate Performance Management Software

  • Manual approaches to searching for data, consolidating results and compiling reports are not the most effective use of a credit union’s valuable personnel resources. BDO IT Solutions can help you identify the optimal solution to fully automate these rudimentary tasks.

Introduce Predictive Analytics Models to Improve Business Decisions

  • Analyzing historical information to correct a course of action is useful but BDO IT Solutions can leverage today’s leading-edge analytics to assess future “what if” scenarios within the credit union industry that will help your organization make proactive decisions based on your existing data.

Upgrade Fraud & Security Strategies across Your Organization

  • The risks associated with cybersecurity, IT governance and third-party access to information have increased significantly over the past few years. BDO’s Technology Risk & Security professionals can assist your organization with developing a comprehensive strategy to minimize these critical risks.

IMPROVE CUSTOMER ACQUISITION & RETENTION RATES

Review Data Strategies Required to Generate Customer Insights

  • The most effective way to align your organization with your customers is to fully understand their expectations. BDO IT Solutions can help you establish a complete strategy to collect and decipher all the data relevant to identifying those expectations.

Automate Data Mining & Reporting Capabilities

  • The capabilities required to formally mine, extend and report on customer data will differ depending on the existing technology infrastructure. BDO IT Solutions maintains an extensive portfolio of expertise and tools to ensure that you can leverage the right technology for your unique environment.

Application Development Services to Enhance Customer Value Proposition

  • The services demanded by credit union customers are increasing in scope and complexity every year, including those related to mobile and web services functionality. BDO IT Solutions can work with your organization to develop the applications and functionality that your team identifies as critical to delivering on your customer promise.

Talk to the Financial Services Expert

Tom Mawhinney

Partner

Tom leads the Financial Services practice for BDO IT Solutions and brings to the role more than 25 years of professional experience advising and consulting to midmarket and enterprise clients within this industry. With a concerted focus on efficiency and prioritization, Tom works with closely with companies to identify opportunities to maximize the return from every technology investment.

Talk to Expert or Call (647) 559-1307