BankBI signs three U.S. credit unions with integration to OnApproach’s CU analytics platform to deliver cloud, performance management & analytics
MINNEAPOLIS, MN (May 22, 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.
BankBI (www.bankbi.com) delivers a pre-packaged Performance Management and Analytics “Application” using the Microsoft Cloud. Using the OA-BankBI “Connector”, data will push automatically from the M360 Data Model into BankBI in the Cloud. The BankBI Integration Hub will transform the extracted M360 data and load into the BankBI application.
Keith Malbrue, CIO at Credit Union of Texas, comments, “Having recently signed with OnApproach for the M360 data warehouse solution, we are pleased to extend our capabilities by acquiring the pre-integrated BankBI Financial and Banking Performance Application. We are very excited to get started and release the value of the solution with a rapid time to deployment. By enhancing and automating many of our daily and monthly reporting requirements, we will gain efficiencies while improving our data driven decision making for our business.”
Sreedhar Vemireddy, Vice President, Business Intelligence and Information Systems, Credit Union of Texas, comments, “The tight integration of BankBI and OnApproach M360, with its out-of-the-box analytics will significantly enhance and accelerate our business intelligence capabilities at CUTX. The solution will provide us with the tools to not only ask the right questions, but also help us to make the best decisions to improve performance and member value.”
“The data validation and standardization provided by OnApproach’s M360 Data Model has made it much faster and easier for us to implement our solutions at credit unions. Through the efforts of OnApproach and BankBI, these credit unions will seamlessly utilize our prebuilt applications for advanced analytics with trustworthy data and minimal set-up time”, said Keith Waterman, Co-founder, BankBI.
“BankBI provides an opportunity for credit unions to take advantage of industry expertise and financial reporting in a feasible and affordable manner. By connecting to the OnApproach M360 Data Model, BankBI can help credit unions to take full advantage of their data and make data-driven decisions for the future. BankBI makes a great addition to the collaborative environment present on the CU Analytics Platform and we are very excited to see these three credit unions taking advantage of the BankBI Applications”, stated Paul Ablack, CEO, OnApproach.
M360 Enterprise is an industry standard data integration platform that can be configured to work with any credit union (on or off premise) regardless of asset size or system configuration. A key feature of M360 is the open development platform that is available to developers interested in creating applications (reporting, analytic or member facing) that can be easily acquired and installed on M360 via an Application Market. OnApproach is constantly expanding its network of credit unions, CUSOs, and vendors that make up the core of its developer network with the goal of providing an ever increasing volume of analytics and innovation for the credit union industry.
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
Our mission is to make it simpler for our customers to significantly improve their business intelligence by delivering insight and analysis of their key performance metrics, via the cloud. We do this by leveraging decades of banking and software development expertise within the BankBI team and packaging it into our applications, delivery and support methodologies.
Keith Waterman, Co-Founder