Topic: Solving the Credit Union 'Tower of Babel' With a Common Lending Data Language
National Association of Credit Unions
Lack of data interoperability is hurting your credit union’s business and members. A dearth of system standards, the same type that drove the efficiency and growth of the Internet, is increasing the cost and time to market for new business initiatives, increasing information security risk and requiring extensive due diligence efforts to ensure the safeguarding of data. By creating true standards surrounding a lending format, communication, and security of credit union and partner data can be significantly improved, allowing for a similar improvement in services offered. This thought-provoking presentation will educate you on the importance of developing standard protocols for lending data, how it benefits all stakeholders, and also how to go about creating these standards.
Speakers: David Hilger, Senior Vice President Information Technology, Allied Solutions; and Chris Cazer, CEO, Osprey Software
LoanConnectOnce.org is a non-profit community of lenders and loan system providers dedicated to implementing a universal loan data format that can serve as the basis for cost-effective, reliable integration among all the systems which the industry relies on to do business.
