Newsroom

OnApproach Wins CULytics 2018 Vendor of the Year Award

Posted by Mark Portz on Mar 29, 2018 12:02:00 PM

Minneapolis, MN (March 29, 2018) – OnApproach (http://www.onapproach.com/), the leading provider of big data and analytics solutions for credit unions, has been recognized as the 2018 CULytics Vendor of the Year at the largest Credit Union Analytics Summit at Microsoft HQ in Redmond Washington, for achieving the highest level of performance in customer reviews and ratings on the CULytics Solutions Gallery. The summit was attended by 325+ data leaders representing about 20% of the credit union industry by asset.

CULytics online community platform is designed to help credit union data leaders maximize the value in the data analytics journey to drive real outcomes. The CULytics Solutions Gallery is the largest listing of vendor offerings that includes independent credit union reviews to help credit union professionals feel confident and save time when choosing a trusted partner in their vendor searching process. OnApproach received a 5-star rating on the Solutions Gallery with 16 independent customer reviews and was awarded 2018 Vendor of the Year.

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Topics: CUSO, collaboration, Award

Veridian Credit Union Partners with­­ Data Analytics CUSO, OnApproach, to Optimize Integrated Data

Posted by Mark Portz on Mar 22, 2018 12:05:00 PM

Minneapolis, MN (March 22, 2018) – OnApproach (www.onapproach.com), the leading provider of Big Data and Analytics for credit unions, is excited to announce Veridian Credit Union (Waterloo, IA),  is the latest to join the collaborative Credit Union Data Integration and Analytics Platform after signing an agreement to implement the OnApproach M360 Enterprise.

“Veridian Credit Union’s promise to our members is that we strive in every interaction to exceed expectations. With the ever-increasing member expectations, we realized we needed an analytics solution so we could finally take advantage of our robust member data. Our members deserve superior, personalized interactions, and analytics plays a major role in enabling us to better understand our members and how we can best serve their needs to help them achieve their financial dreams. With M360, we look forward to executing our data strategy and transforming our credit union into a truly data-driven organization,” stated Angi Fangman, Manager of Strategic Information, Veridian Credit Union.

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Topics: New Client

OnApproach Announces Collaborative Data Lake for the Credit Union Industry, Caspian

Posted by Mark Portz on Mar 14, 2018 11:04:00 AM

Minneapolis, MN (March 14, 2018) – OnApproach (http://www.onapproach.com/), the leading provider of big data and analytics solutions for credit unions, is pleased to announce the upcoming credit union industry data lake, Caspian. The only data lake of its kind, Caspian represents the third and final pillar of the CU Analytics Ecosystem and serves multiple unique advantages that have never before been witnessed in the credit union industry. The goal of the CU Analytics Ecosystem is to enable collaborative analytics for the industry.

Credit unions have valuable member and transaction data, but advanced analytics has proven to be out of reach for most financial institutions due to issues such as inability to access the data, lack of standardization, or insufficient data sets. Many objectives, such as loan risk analytics, simply require more standardized data than is available within the walls of most credit unions.

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Topics: collaboration, CU Analytics Platform, Data Lake, Data Ownership, Security

CAP COM Federal Credit Union Partners with OnApproach to Integrate and Optimize Data

Posted by Mark Portz on Mar 7, 2018 12:03:00 PM

Minneapolis, MN (March 7, 2018) – OnApproach (www.onapproach.com), the leading provider of data/analytics solutions for credit unions, is excited to announce CAP COM Federal Credit Union (Albany, NY) is the latest to join the collaborative Credit Union Data Integration and Analytics Ecosystem after signing an agreement to implement the OnApproach M360 Enterprise.

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Topics: News, New Client

Department of Commerce Federal Credit Union Partners with OnApproach to Integrate and Optimize Data

Posted by Mark Portz on Mar 1, 2018 11:05:00 AM

Minneapolis, MN (March 1, 2018) – OnApproach (www.onapproach.com), the leading provider of data/analytics solutions for credit unions, is excited to announce Department of Commerce Federal Credit Union (Washington, DC) is the latest to join the collaborative Credit Union Data Integration and Analytics Ecosystem after signing an agreement to implement OnApproach M360 Enterprise.

“The Department of Commerce Federal Credit Union is excited to be partnering with OnApproach for our data analytics needs. We will use data analytics right away for three needs.” stated Evan Clark, CEO, Department of Commerce Federal Credit Union. “First, data analytics will assist us in on boarding new members and ensuring that they are taking full advantage of all of our products and services. Secondly, we will be able to identify opportunities for lending to members not readily apparent without data analytics and optimization. And finally, data analytics will assist the credit union in identifying savings, borrowing and spending patterns of our members. This will enable us to design products and promotions created for maximum appeal to our members.”

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Topics: New Client

Allied Solutions Makes Strategic Investment in Collaborative Analytics CUSO, OnApproach

Posted by Mark Portz on Feb 22, 2018 12:02:00 PM

Minneapolis, MN (February 22, 2018) – OnApproach (www.onapproach.com), the leading provider of data/analytics solutions for credit unions, is excited to announce Allied Solutions, one of the largest providers of insurance, lending, and marketing products to financial institutions, has made a strategic investment in OnApproach, a credit union service organization (CUSO).

“While there is much discussion in the industry and the media about Big Data, analytics, and intelligence, it really comes down to how credit unions can leverage their vast data to better serve their members and more effectively manage their organization.  We are excited about the market interest and traction OnApproach is achieving and proud to be a part of the innovative model OnApproach is championing with credit union investors and customers alike.  Customers using the OnApproach platform are producing real bottom line results which aligns with Allied Solutions’ mission to help our clients be successful. With this investment in OnApproach, Allied Solutions can deliver truly collaborative analytics to the credit union movement to help organizations more easily and cost effectively make sense of all their data, share best practices, and obtain insights never available to them before,” stated Pete Hilger, CEO, Allied Solutions.

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Topics: Big Data Investment, Strategic Partnerships

OnApproach and Best Innovation Group Publish Results of 1st National Survey on Data Analytic and Decisioning Trends in the Credit Union Industry

Posted by Mark Portz on Feb 15, 2018 11:08:00 AM

Minneapolis, MN (February 15, 2018) – OnApproach (http://www.onapproach.com/), the leading provider of big data and analytics solutions for credit unions, is pleased to announce that it has partnered with Best Innovation Group (BIG), a strategic consulting partner to the industry, to conduct an extensive data analytics and strategy survey for the credit union industry.

The survey is intended to help credit unions gain a deeper understanding of industry trends regarding data and digital strategies. With responses from 85 credit unions and questions covering topics ranging from analytics budgets to strategies and timelines, the survey provides a comprehensive look at the state of analytics across credit unions. Looking forward, the survey will be conducted and published semi-annually to help credit unions benchmark and trend industry progress.  

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Topics: Credit Unions, Big Data & Analytics, Digital Transformation

2018 AXFI Conference Announces First Ever Digital Transformation Showcase Competition

Posted by Mark Portz on Jan 22, 2018 12:02:00 PM

Minneapolis, MN (January 22, 2018) – The Analytics and Financial Innovation (AXFI) Conference (http://www.axficonference.com/), the premier educational event for financial services professionals serious about analytics and financial innovation, is proud to announce the first ever Digital Transformation Showcase to take place at the 2018 AXFI Conference.

Previously known as the Credit Union Industry Analytics Best Practices Competition, the Digital Transformation Showcase will again provide an opportunity for credit unions to demonstrate their successful practices and compete against their peers before a panel of judges. While the preexisting version of this competition solely regarded analytics best practices, the Digital Transformation Showcase will now highlight impressive credit unions making strides in both analytics and innovation.

The top six (6) credit unions will be selected to present in the Digital Transformation Showcase: three for their analytics work products, and three additional credit unions for their demonstrations of innovation in action. Each finalist will have the opportunity to pitch their work product/innovation in a 15-minute presentation at the 5th Annual Analytics and Financial Innovation Conference in Minneapolis, MN on Tuesday, June 12, 2018.

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Topics: AXFI Conference, Digital Transformation

TDECU Invests in Data Analytics CUSO, OnApproach

Posted by Mark Portz on Jan 11, 2018 12:05:00 PM

Minneapolis, MN (January 11, 2018) – OnApproach (www.onapproach.com), the leading provider of data/analytics solutions for credit unions, is excited to announce TDECU (asset size: $3.13 Billion, core processor: Fiserv - DNA) of Lake Jackson, TX has invested in OnApproach, a Credit Union Service Organization (CUSO). In addition to investing, TDECU had also selected OnApproach as its Big Data/Analytics provider in November 2017.

Courtland Crouchet, SVP – Chief Retail Officer, TDECU, stated, “We are excited to support OnApproach’s vision for advancing the impact of the credit union movement. It is vital for the entire credit union industry to realize the importance of building and executing an effective data strategy. OnApproach makes it possible for all credit unions to collaborate while leveraging the power of their own data, but without the traditionally high costs of analytics, and we are proud to be a part of this mission.”

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Pen Air Federal Credit Union Invests in Data Analytics CUSO, OnApproach

Posted by Mark Portz on Jan 4, 2018 11:02:00 AM

Minneapolis, MN (January 4, 2018) – OnApproach (www.onapproach.com), the leading provider of Big Data and Analytics for credit unions, is excited to announce Pen Air Federal Credit Union (asset size: $1.39 Billion, core processor: Symitar Episys) of Pensacola, FL has invested in OnApproach, a Credit Union Service Organization (CUSO). In addition to investing, Pen Air Federal Credit Union had also selected OnApproach as its Big Data/Analytics provider in October, 2017.

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Topics: Big Data Investment