Minneapolis, MN (March 10th, 2016) – OnApproach (www.onapproach.com), a leading provider of Big Data and Analytics solutions for credit unions, is pleased to announce that Y-12 Federal Credit Union of Oak Ridge, Tennessee has signed an agreement to implement the OnApproach M360 Enterprise – A data integration and Analytics solution.
Y-12 FCU (asset size: $930 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 Y-12 to compete and thrive in an industry being constantly disrupted by FinTech Startups and outside competitors.
“OnApproach was the obvious choice in helping us to integrate the myriad of ancillary data sources with that from our core system. In doing so, we are empowered to implement a data-driven culture and leverage the power of predictive analytics to better-serve our members while continually refining our business processes at the same time,” said Mark Ziegler, CEO, Y-12 Federal Credit Union.
“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. I am excited that OnApproach has developed a solution that will work for any credit union, regardless of their system configuration. We are thrilled to add Y-12 as a new client and look forward to enabling powerful analytics for the benefit of their members and the credit union.” 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.
Austin Wentzlaff, Director of Business Development
(888) 523-6121 Ext. 110