Minneapolis, MN (March 30th, 2016) – OnApproach (www.onapproach.com), a leading provider of Big Data and Analytics solutions for credit unions, is pleased to announce that Texas Trust Credit Union of Mansfield, Texas has signed an agreement to implement the OnApproach M360 Enterprise – A data integration and Analytics solution.
“Our credit union is committed to analytics as a fundamental driver of our growth strategy. We realized that we needed a solution that would integrate data from all of the core and ancillary systems with which our members interact. After an extensive evaluation of our options, we chose OnApproach as our data integration platform for reporting and analytics” said Jim Minge, CEO, Texas Trust Credit Union.
Texas Trust (asset size: $910 Million, core processor: Symitar (Epysis)) was looking for a solution to integrate data 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 in order to capture value from data analytics is crucial and OnApproach M360 Enterprise will enable Texas Trust to compete and thrive in an industry being constantly disrupted by FinTech Startups and outside competitors.
“The credit union industry is facing into some very tough disruptive forces fueled by advances in mobility and unprecedented volumes of data. Today, the vast majority of the U.S. credit union market lacks the resources and infrastructure to become proficient at leveraging the full potential of Big Data through Analytics. Texas Trust has a clear commitment to making their credit union stronger by utilizing their Big Data. I am delighted that Texas Trust has chosen OnApproach M360 as their Analytics solution.” Said Paul Ablack, CEO, OnApproach.
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.
About Texas Trust Credit Union
Texas Trust is a full-service financial institution serving the residents and businesses of Dallas, Tarrant, and Henderson counties, as well as parts of Ellis and Johnson counties. With assets of $910 million, Texas Trust is one of the largest credit unions in North Texas and the seventeenth largest in Texas. Federally insured by the National Credit Union Administration (NCUA). For more information, visit TexasTrustCU.org
Austin Wentzlaff, Director of Business Development
(888) 523-6121 Ext. 110