MINNEAPOLIS, Minn.–OnApproach, provider of big data and analytics to CUs, said it has entered into a strategic partnership with Celero, a banking application and Information Technology services provider for 125 Canadian credit unions. The companies said the partnership will bring advanced data integration and optimization to the Canadian network of credit unions through the OnApproach M360 Data Platform.
“The retail financial services industry is changing, and true enterprise data integration is now a necessity along with business analytics,” said Simon Vincent, Chief Commercial Officer, Celero, in a statement. “Data analytics is a key component of Celero’s omni-channel strategy for credit unions. We saw the need and demand for an open and agnostic data platform that strengthens data integration from multiple sources and enables predictive analytics capabilities for our credit union clients. We look forward to partnering with OnApproach to bring their revolutionary M360 data platform and ecosystem of integrated solutions to Canada.”
Celero has an impressive record, supporting over 100 different banking applications and operating systems for more than 1.1 million credit union members. The exponential growth of data and delivery channels has created a major challenge for financial institutions. To continue providing credit union clients with innovative solutions designed to enhance member experience and improve business performance, Celero made it a top priority to find a solution capable of integrating data from multiple sources and enable advanced analytics.
“We are thrilled to have the opportunity to work with Celero, another like-minded credit union service organization (CUSO) to advance analytics capabilities for credit unions,” said Paul Ablack, Chief Executive Officer, OnApproach, in a statement. “Data integration and advanced analytics have become a major pain point, especially for smaller credit unions. By using Celero’s hosting services, we are able to strengthen the industry by reaching 125 new credit unions. We look forward to extending our reach into a new country and providing Canadian credit union members the financial services experience they desire.”