Newsroom

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: Shared Applications, Cooperation, Credit Union Service Organization, collaboration, CU App Store, Collaborative Analytics

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, Award

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

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