Data
October 14, 2025

Ed Vincent Featured in Bank Business News

Ed Vincent, CEO of Lumio was recently featured in Bank Business News with his authored article, “Why Community Financial Institutions Must End Gut-Driven Decision-Making.” The thought leadership article challenges community banks and credit unions to rethink how decisions are made across the business, arguing that relying on instinct and legacy experience is no longer enough to compete in today’s data-rich, rapidly changing environment.

He highlights how many community financial institutions remain “data-rich, but insight-poor,” struggling to connect information across systems in a way that informs strategic choices. The article also calls for a more intentional approach - one that uses trusted, timely data to uncover trends, reduce risk, and guide every level of decision-making.

At Lumio, we see this transformation firsthand. Our modern data platform helps financial institutions move from reactive reporting to proactive intelligence. By integrating risk, performance, and customer data into a unified, semantic framework, we empower leaders to see clearly across the business, turning data into a strategic asset rather than an operational burden.

“Operating without a clear data strategy exposes institutions to growing risks. Reports can only communicate the past, leaving leadership to make gut-feel decisions.” - Ed Vincent

That’s the change Lumio was built to drive: helping community institutions replace guesswork with clarity and confidence.

Read the full article here on BankBusiness.us: https://bankbusiness.us/details/737/Why-Community-Financial-Institutions-Must-End-Gut-Driven-Decision-Making