Minneapolis, MN (August 23, 2018) – OnApproach (www.onapproach.com), the leading provider of data/analytics solutions for credit unions, is excited to announce Partners Federal Credit Union (Burbank, CA) represents the 50th client to join the collaborative Credit Union Data Integration and Analytics Ecosystem after signing an agreement to implement OnApproach M360 Enterprise.
“To know our membership, it is imperative that we have a forward-looking, proven solution driving our analytics,” stated John Janclaes, CEO, Partners Federal Credit Union. “Leveraging the power of analytics has been a focus of the credit union and we have experienced some big wins in this area. As we look to the future, however, a collaborative platform solution will better enable us to meet our goals of enterprise and advanced analytics. Implementing OnApproach M360 Enterprise represents a massive element of executing our data strategy. Managing multiple systems has been challenging, but M360 will address these challenges, providing a single source data repository while installing access to a collaborative ecosystem for enhanced analytics. There is great value in collaboration, and we are excited to participate in the quickly growing CU Analytics Ecosystem.”
Partners Federal Credit Union (asset size $1.6 Billion, core processor: Symitar - Episys) now marks the 50th client on the collaborative CU Analytics Ecosystem. Credit unions today are spending massive amounts of money and resources to integrate disparate data sources and unlock the ability to perform enterprise reporting and analytics. These efforts, however, have proven to be extremely difficult, expensive, time/resource intensive, and beyond the reach of the vast majority of credit union. Even many the most successful credit unions on this journey have ultimately been left in isolation, challenged with maintaining an outdated custom solution that is not equipped to handle initiatives such as predictive analytics, machine learning and artificial intelligence. The CU Analytics Ecosystem enables credit unions to integrate data to an industry-standardized platform, driving collaboration and scalable advanced analytics for credit unions of any size or system.
“Reaching our first 50 credit union clients on the M360 platform is an amazing milestone, and what a great credit union to get there with! Partners FCU is a fantastic example of a highly capable credit union with a great mindset regarding analytics that adds great value to the CU Analytics Ecosystem. The analytics platform is as powerful as the number of credit unions participating, and with each additional institution, the opportunities for data pooling, application sharing, benchmarking, and more are greatly enhanced. We exist as a CUSO to equip credit unions with the best big data capabilities, and it is incredible to see the increasing interest credit unions have in improving their analytics. There is massive opportunity for credit unions with data analytics, but we can only reach the full potential with collaboration across credit unions, and we are proud to help make this a possibility for the industry,” said Paul Ablack, CEO, OnApproach.
OnApproach is the only CUSO dedicated to credit union success through a collaborative analytics ecosystem. By providing a secure and frictionless data experience, OnApproach empowers credit unions to take full control of their own data and their own futures. We exist to serve the credit union movement with technology and expertise required for the digital transformation of the industry business model. OnApproach’s collaborative ecosystem enables communities of users, data scientists, and application developers focused on analytics innovation.
Austin Wentzlaff, Vice President of Business Development
(888) 523-6121 Ext. 110
About Partners Federal Credit Union
Partners Federal Credit Union is a full-service financial institution serving the financial needs of its Members worldwide. Sponsored by The Walt Disney Company, and with more than 100,000 Members, Partners enjoys outstanding strength and stability - made even stronger by a 2007 merger with Vista Federal Credit Union.
Shira Spector, Chief Data and Analytics Officer