America’s Credit Union invests in data analytics CUSO
MINNEAPOLIS, MN (September 1, 2016) — OnApproach (www.onapproach.com), the leading provider of Big Data and Analytics for credit unions, is pleased to announce America’s Credit Union has invested in OnApproach, a Credit Union Service Organization (CUSO). America’s also selected OnApproach as its Big Data/Analytics provider in 2016.
“We are excited to support OnApproach’s incredibly innovative vision for the industry, to not only provide a robust data integration platform but to also power the entire industry through data and collaboration. At America’s, innovation is key to our strategic growth and remaining competitive. OnApproach’s solution and vision will not only provide us the capabilities to do both but to also provide the best member experience possible.” said Ken Leonard, President & CEO, America’s Credit Union.
The credit union industry is on the cusp of a significant challenge with the potential to disrupt the financial services landscape as we know it. Big Data/Analytics is driving a new breed of analytic competitors (e.g. – Lending Clubs, Apple Pay, Rocket Mortgage, etc.) into what has been a very traditional marketplace. These new entrants are interested in skimming the profitable transaction side of the business while leaving the less profitable and highly regulated settlement side to the banks and credit unions.
As a CUSO, OnApproach is fully committed to providing credit unions with the most robust, yet affordable, Big Data & Analytics solution. Paul Ablack, CEO of OnApproach, stated “The management team at America’s Credit Union has been a pleasure to work with and we look forward to continuing to strengthen our partnership. America’s provides exceptional insight and continues to prove to be a strong partner.”
About OnApproach
OnApproach is the only CUSO dedicated to credit union success through a collaborative analytics ecosystem. By providing a secure and frictionless data experience, OnApproach empowers credit unions to take full control of their own data and their own futures. We exist to serve the credit union movement with technology and expertise required for the digital transformation of the industry business model. OnApproach’s collaborative ecosystem enables communities of users, data scientists, and application developers focused on analytics innovation
