Newsroom

Financial Partners Credit Union Partners with OnApproach to Upgrade from Custom Data Warehouse to Scalable Collaborative Analytics Platform

Posted by Mark Portz on Aug 2, 2018 11:03:00 AM

Minneapolis, MN (August 2, 2018) – OnApproach (www.onapproach.com), the leading provider of data/analytics solutions for credit unions, is excited to announce Financial Partners Credit Union (Downey, CA) is the latest to join the collaborative Credit Union Data Integration and Analytics Ecosystem after signing an agreement to implement OnApproach M360 Enterprise.

“Analytics has been a successful initiative at Financial Partners, but we realized we needed something more expansive than what we had built internally. We are very excited to engage OnApproach to take our capabilities to the next level,” stated Nader Moghaddam, President/CEO, Financial Partners Credit Union. “Our data warehouse helped us realize the potential value derived from member data, but any standalone warehouse solution has critical limitations. The need to effectively utilize predictive analytics made it apparent that the time was right for us to switch to a more scalable, advanced and forward-looking solution. M360 Enterprise and the CU Analytics Ecosystem will put us in the best position to further advance our analytic capabilities and ultimately provide the best possible experience to our growing membership.”

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Topics: Insight Platform, New Client, Collaboration, Analytic Data Model

OnApproach Launches the CU App Store to Drive Collaborative Analytics for Credit Unions

Posted by Mark Portz on Jun 7, 2018 12:02:53 PM

 

 

Minneapolis, MN (June 7, 2018) – OnApproach (www.onapproach.com), the only CUSO dedicated to credit union success through a collaborative analytics ecosystem, is excited to announce the launch of the Credit Union App Store (CU App Store). The CU App Store is the online marketplace for credit unions to discover and immediately access applications designed to solve a variety of business problems, and improve data and analytical capabilities for all credit unions.

The CU App Store was developed because it is too often that credit unions must “re-invent the wheel” by building reports and dashboards that are similar across their peer groups. This creates incredible inefficiencies throughout the industry. As a CUSO, OnApproach is determined to help transform the industry and ensure a healthy future for all credit unions. The CU App Store brings together credit unions, CUSOs, and industry vendors to share the time and resource burden required to execute high value reporting and analytics, regardless of technology or core. By utilizing the CU App Store, credit unions have the opportunity to shift their time from report creation to consumption and analysis of useful information.

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Topics: CU App Store, Collaboration, CUSO

OnApproach Wins 2018 NACUSO New CUSO of the Year Award

Posted by Mark Portz on Apr 26, 2018 12:05:00 PM

Minneapolis, MN (April 26, 2018) – OnApproach (http://www.onapproach.com/), the leading provider of big data and analytics solutions for credit unions, has been recognized as the 2018 New Credit Union Service Organization (CUSO) of the Year at the 2018 NACUSO Network Conference.

The New CUSO of the Year award is presented annually to CUSOs of five years and younger in “Recognition of Excellence and Innovation in the use of the Collaborative Model”. The award is judged on criteria including Thought Leadership and Critical Thinking, Value Created through use of Collaboration, Innovation in Organization Design, Implementation and Execution, and Results, Outcomes and Performance.

NACUSO’s core purpose is, “To be the catalyst for instituting collaboration, innovation, and the reinvention of the Credit Union industry.” To empower credit unions with the opportunity to innovate and collaborate for robust analytics, OnApproach has developed a standardized data platform and analytics ecosystem for the credit union industry. With this technology, credit unions can finally leverage all available data while significantly reducing the time and cost of traditional data warehousing techniques.

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Topics: CUSO, Collaboration, Innovation

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: Collaboration, CUSO

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: Data Lake, Collaboration, CU Analytics Ecosystem, Security, Data Ownership

OnApproach Partners with Argus to Provide Credit Unions a Comprehensive CECL Solution

Posted by Mark Portz on Nov 30, 2017 12:16:10 PM

Minneapolis, MN (November 30, 2017) – OnApproach (www.onapproach.com), the leading provider of data/analytics solutions for credit unions, is excited to announce that it has entered into a strategic partnership with Argus, a leading provider of intelligence, decision support solutions, and advisory services to financial institutions across the globe, to improve access to a comprehensive CECL solution for credit unions.

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Topics: Strategic Partnerships, CECL, CU Analytics Ecosystem, Collaboration

Information Builders Partners with OnApproach to Empower Credit Unions with Enterprise Analytics

Posted by Mark Portz on Oct 31, 2017 11:03:00 AM

Minneapolis, MN (October 31, 2017) – OnApproach (www.onapproach.com), the leading provider of data/analytics solutions for credit unions, is excited to announce it has entered a strategic partnership with Information Builders, an established leader in business intelligence, data integration, and data quality solutions, to create industry-wide growth for the credit union movement.

“We are very excited to be working with OnApproach to accelerate credit unions in their analytics initiatives and digital transformation efforts. It is imperative for credit unions of all sizes to view member, finance and operations data as a valuable asset. Our platform and accelerators provide credit unions with a wide range of analytics and business intelligence for use by everyone across the entire organization. By partnering with OnApproach, we look forward to making our solutions available to more credit unions and assisting in the transformation of the industry,” stated Jon M. Deutsch, Head of Financial Services, Information Builders.

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Topics: Strategic Partnerships, Collaboration

OnApproach CEO, Paul Ablack, Featured on CUBroadcast

Posted by Austin Wentzlaff on Feb 16, 2015 1:40:05 PM

 

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Topics: Big Data, Credit Unions, CUSO, Collaboration, Data Analytics

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