Plymouth, MN (February 24th, 2016) – OnApproach (www.onapproach.com), a leading provider of Big Data and analytics solutions for credit unions, is pleased to announce that JSC Federal Credit Union of Houston, Texas has signed an agreement to implement the OnApproach M360 Enterprise Big Data & Analytics platform.
“The credit union industry is facing into some very tough disruptive forces fueled by advances in mobility and customer analytics. Today, the vast majority of the U.S. credit union market lack the resources and infrastructure to become proficient at Big Data and Analytics. I am excited that OnApproach has developed a solution that will work for any credit union, regardless of their size, and thrilled to add JSC as a client.” Said Paul Ablack, CEO at OnApproach.
JSC FCU (asset size: $1.9 Billion, core processor: D+H - UltraData) was looking for a solution to integrate information from multiple sources in support of its efforts to build meaningful member relationships. Driven by an increasing number of product offerings and a widening variety of delivery channels (e.g. mobile), credit unions are facing the challenge of exponential data growth. The ability to integrate disparate data sources into logical sets of connected data elements will enable JSC to leverage critical information to deliver the right products and services to members at the right time.
“We have been looking for a solution to integrate the data from our core system with our ancillary systems to get a better picture of how our members use our products and services and how we can better serve them in the future. A high percentage of our members are NASA employees and they have high expectations around technology and analytics at their credit union. We are excited to partner with OnApproach to meet those expectations.” Said Thomas Hast, Chief Lending Officer and Vice President of Marketing at JSC FCU.
OnApproach M360™ Enterprise is a true industry standard data model because it is core and ancillary system agnostic. OnApproach M360™ Enterprise enables employees at all levels of the organization to use information and analytics to increase efficiencies, manage risk, increase sales and profitability, and enrich relationships with members.
Austin Wentzlaff, Director of Business Development, at OnApproach said, “Our team has had the pleasure of working with the JSC team for the past few years when they first started using our Technology Navigator product. We are excited to see them make the transition to our enterprise product which will allow them to integrate and analyze transaction data from all of their disparate data sources into a single source of truth, enabling the analytics (e.g. predictive analytics) necessary to better serve their member base.”
OnApproach is a CUSO that focuses on providing credit unions with the power to use data as a competitive advantage both independently and cooperatively. With OnApproach, credit unions can now harness the value of Big Data/Analytics through integration, advanced reporting, and predictive analytics. This deeper understanding of data allows credit unions to discover vital trends in member behavior, resulting in improved financial performance, reduced risk, and enriched relationships with members.
Austin Wentzlaff, Director of Business Development
(888) 523-6121 Ext. 110