Press Release

Information Builders Partners With OnApproach to Launch Analytics Platform for Credit Unions

Pre-Built Analytics Content and Industry-Specific Data Model Help Credit Unions Drive Sustained Growth
New York, NY

Information Builders, a leader in business intelligence (BI) and analytics, data integrity, and integration solutions, today announced that it has joined forces with OnApproach to help credit unions discern important trends related to member retention, branch performance, and lending activities. The joint solution, Information Builders’ Accelerator for Credit Union Operations, available within the OnApproach CU App Store, is the latest example of Information Builders’ Accelerators, which bring targeted pre-built analytics content to the Credit Union movement.

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OnApproach, a credit union service organization (CUSO) dedicated to credit union success through a collaborative analytics ecosystem, sought help from Information Builders to enhance its CU App Store featuring the OnApproach M360™ Enterprise data platform. M360 Enterprise enables credit unions to integrate their data into a single source of truth, as well as create communities of users, data scientists, and application developers to study trends in market and performance data. Information Builders will bolster this popular solution with its Accelerator for Credit Union Operations, which includes technologies for advanced analytics, collaboration, data pooling, and more.

“Credit unions depend on M360 Enterprise to increase efficiencies, manage risk, increase sales and profitability, and enrich member relationships,” said Paul Ablack, Chief Executive Officer at OnApproach. “Now our analytics solution will include new pre-built BI content, such as an executive dashboard, data descriptions, sample data, and key performance indicators.”

Information Builders brings unique technology capabilities to the partnership in the form of InfoApps™, analytic assets that allow executives and operational managers to monitor critical credit union metrics. These innovative InfoApps will help all credit union staff to independently access, report, and explore M360 Enterprise data, significantly reducing dependence on IT staff. Business users will be able to monitor trends in account balances, asset distribution, delinquencies, loan-to-share ratios, member growth rates, and other important variables. An embedded report generator, based on Information Builders’ patented InfoApp™ technology, will enable non-technical users to create their own dashboards, queries, and reports to complement these packaged analytic assets. Information Builders and OnApproach will promote the solution in the OnApproach CU App Store, along with training, technical support, and a Center of Excellence for education and knowledge.

“To keep up with global and large regional banks, credit unions need targeted analytics that help them with market segmentation, member acquisition and profiling, pricing optimization, and many other financial and operations functions,” said Gerald Cohen, president and CEO at Information Builders. “We are excited to contribute to OnApproach’s analytics platform, which facilitates deep analysis and exploration of the data to help these institutions gain the insights they need to manage customer relationships and develop new products and services.”

About OnApproach

OnApproach is the only credit union service organization (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 Information Builders

Information Builders provides solutions for business intelligence (BI), analytics, data integration, and data quality that help drive performance improvements, innovation, and value. Through one set of powerful products, we enable organizations to serve everyone – analysts, non-technical users, even partners, customers, and citizens – with better data and analytics. Our dedication to customer success is unmatched with thousands of organizations relying on us as their trusted partner. Founded in 1975, Information Builders is headquartered in New York, NY, with global offices, and remains one of the largest independent, privately held companies in the industry. Visit us at informationbuilders.com, follow us on Twitter at @infobldrs, like us on Facebook, and visit our LinkedIn page.

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