Y-12 Federal Credit Union partners with OnApproach to leverage the full potential of its data
MINNEAPOLIS, MN (March 10, 2016) — OnApproach, 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 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