Financial Partners Credit Union partners with OnApproach to upgrade from custom data warehouse to scalable collaborative analytics platform
MINNEAPOLIS, MN (August 2, 2018) — OnApproach (www.onapproach.com), the leading provider of data/analytics solutions for credit unions, is excited to announce Financial Partners Credit Union (Downey, CA) is the latest to join the collaborative Credit Union Data Integration and Analytics Ecosystem after signing an agreement to implement OnApproach M360 Enterprise.
“Analytics has been a successful initiative at Financial Partners, but we realized we needed something more expansive than what we had built internally. We are very excited to engage OnApproach to take our capabilities to the next level,” stated Nader Moghaddam, President/CEO, Financial Partners Credit Union. “Our data warehouse helped us realize the potential value derived from member data, but any standalone warehouse solution has critical limitations. The need to effectively utilize predictive analytics made it apparent that the time was right for us to switch to a more scalable, advanced and forward-looking solution. M360 Enterprise and the CU Analytics Ecosystem will put us in the best position to further advance our analytic capabilities and ultimately provide the best possible experience to our growing membership.”
Financial Partners Credit Union (asset size $1.3 Billion, core processor: Symitar – Episys) has been designing, creating, and maintaining its own data warehouse for some time. This endeavor has provided the credit union with a higher degree of data management, uniformity, definition, standardization, and governance for the organization, resulting in quick access to certain reports and insights. However, the credit union was still searching for ways to be more advanced and to optimize its data management and deployment capabilities to ensure data integrity in reporting, and the democratization of data usage and insights at all levels of the organization. Looking forward, predictive analytics and the opportunity to leverage broader data sets to enhance analytics and businesses processes are high priorities. OnApproach M360 Enterprise will enable Financial Partners to leverage an industry-standard data platform and the collaborative Caspian Data Lake for top of the line predictive analytics.
“We are excited to welcome Financial Partners Credit Union to the CU Analytics Ecosystem. It is wonderful to work with yet another credit union that has an established data strategy and driven analytics-minded team. With each new credit union on the M360 platform, the CU Analytics Ecosystem continues to strengthen as a collaborative environment for credit union analytics. We look forward to both helping Financial Partners achieve their data goals, as well as the contributions they will make to improve analytics at other credit unions across the industry,” said Paul Ablack, CEO, OnApproach.
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
About Financial Partners Credit Union
With the mission of building lifetime financial partnerships, Financial Partners Credit Union serves over 80,000 members in California communities from San Francisco to San Diego and stands at $1.3 billion in assets. FPCU’s focus remains the same today as it did back in 1937 when eight aviation workers pooled $900 to start the Credit Union: helping members save money, make money, and save time. To find out more visit fpcu.org or call 844.TRY.FPCU
