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Trellance Acquires OnApproach

Posted by Mark Portz on Feb 8, 2019 2:45:29 PM

To Build and Harness the Power of Data Analytics for Credit Unions

Tampa, FL.— February 8, 2019 Trellance today announced its acquisition of OnApproach.  The acquisition combines two leading Credit Union Service Organizations (CUSO) to become the industry’s leading data analytics provider to credit unions nationwide.

The acquisition agreement closed on February 8, 2019, with unanimous approval by Trellance’s Board of Directors.  President & CEO of Trellance, Tom Davis, said, “We continue to recognize the importance of data analytics in providing insights to drive results today and into the future. With this acquisition, Trellance in conjunction with OnApproach, will allow credit unions to use real-time data to increase efficiencies, manage risks and enrich relationships with their members.”

Chief Executive Officer at OnApproach, Paul Ablack, said, “Our goal at OnApproach since 2005 has been to provide credit unions with the means to transform their data into actionable goals.  With the 30 years of experience working alongside credit unions that Trellance brings to the table, we are excited to collectively harness the power of data. Credit unions have incredible opportunity with data, and this partnership with Trellance will help to accelerate analytics adoption for the credit union industry. At OnApproach, we believe that credit unions should have full access and ownership of their data. By combining forces with another reputable CUSO, we are proud to continue empowering credit unions with the tools and data required to properly serve members and grow their businesses.”

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Topics: Strategic Partnerships

OnApproach Launches Educational Podcast Focused On Analytics and Fintech Opportunities for Credit Unions

Posted by Mark Portz on Jan 3, 2019 11:03:00 AM

Minneapolis, MN (January 3, 2019) – 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 CU App Store Presents podcast. The CU App Store Presents podcast is intended to further educate credit unions about the topics of big data, collaborative analytics, and opportunities to elevate credit union offerings with fintech partnerships.

The CU App Store was launched in June 2018 to bring credit unions, CUSOs, and industry vendors together to share the time and resource burden required to execute high value reporting and analytics. It is too often that credit unions must “re-invent the wheel” by building reports and dashboards that are similar across their peer groups. The CU App Store exists to eliminate these inefficiencies and help credit unions shift their time from report creation over to high value analysis of information. The CU App Store Presents podcast further carries out this mission by providing an additional educational resource and connecting credit unions even closer to fintech companies and analytic service providers.

There is substantial unrealized value for credit unions in financial technology partnerships. Members expect seamless and personalized experiences from their financial institutions like the daily experiences provided by digital leaders such as Amazon and Domino’s Pizza. Alone, credit unions do not have the resources of major banks, nor the specialization of the fintech companies, and therefore cannot compete on these experiences. With effective partnerships, however, credit unions have great opportunities to collaborate and make the best use of their resources. The CU App Store Presents podcast intends to help bridge the gap between credit unions and those fintech providers that are helping to transform the industry.

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Topics: Strategic Partnerships, FinTech, Podcast, CU App Store

CU Rise Leverages the CU Analytics Ecosystem to Make Advanced Predictive Analytics a Reality for Credit Unions

Posted by Mark Portz on Oct 18, 2018 12:01:00 PM

Minneapolis, MN (October 18, 2018) - OnApproach (www.onapproach.com), the leading provider of data/analytics solutions for credit unions, is excited to announce the integration of CU Rise Analytics’ solutions to the CU Analytics Ecosystem. CU Rise Analytics, a Virginia-based, global CUSO providing data science and technology advancement solutions to credit unions, is now offering the Predictive Model Suite to M360 users, which consists of 3 predictive analytics models. CU Rise is also proud to announce that they have now made it possible for OnApproach M360 clients to do their own member “Householding”. The CU Rise Householding for M360 application is now available as an application and will be soon be featured in the CU App Store (www.cuappstore.com). The contributions of partners like CU Rise are key to the expanding the CU Analytics Ecosystem.

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Topics: Data Analytics, Strategic Partnerships

Affinion Insurance Solutions, OnApproach Announce Strategic Partnership

Posted by Mark Portz on Jun 14, 2018 12:02:00 PM

Collaboration Will Offer Enhanced Data Services to Credit Unions

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Topics: Marketing, Strategic Partnerships

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

Allied Solutions Advances Analytics for the Credit Union Movement by Partnering with Analytics CUSO, OnApproach

Posted by Mark Portz on Dec 12, 2017 11:12:00 AM

Minneapolis, MN (December 12, 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 Allied Solutions, one of the largest providers of insurance, lending, and marketing products to financial institutions. This strategic partnership will dramatically increase market access to OnApproach’s M360 Platform and make collaborative analytics and digital transformation a reality for the credit union industry.

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Topics: Strategic Partnerships

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, Collaboration, CECL, CU Analytics Ecosystem

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 Partners with Credit Union 2.0 to Educate the Industry about Digital Transformation

Posted by Mark Portz on Sep 14, 2017 12:05:00 PM

Minneapolis, MN (September 14th, 2017) – OnApproach (www.onapproach.com), the leading provider of data/analytics solutions to credit unions, is excited to announce it has partnered with Credit Union 2.0, the leader in digital transformation strategy for credit unions, in order to help educate credit unions about the importance of utilizing data and analytics in financial services and provide them with a strategy necessary to survive in the digital age.

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Topics: Strategic Partnerships, Digital

BankBI Signs Three U.S. Credit Unions with Integration to OnApproach’s CU Analytics Platform to Deliver Cloud, Performance Management & Analytics

Posted by Mark Portz on May 22, 2017 12:14:00 PM

Minneapolis, MN (May 22nd, 2017) – OnApproach, (http://www.onapproach.com/) the leading provider of Big Data and Analytics solutions for credit unions, is pleased to announce three OnApproach credit union clients have signed agreements with BankBI, an OnApproach Application Partner. Credit Union of Texas (Dallas, TX), Our Community Credit Union (Shelton, WA), and Ideal Credit Union (Saint Paul, MN) have signed agreements for BankBI’s Financial & Banking Performance Management & Analytics, which leverages OnApproach’s M360 Enterprise and CU Analytics Platform 

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Topics: Data Analytics, Strategic Partnerships, CU Analytics Ecosystem

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