TAMPA, Fla.– Trellance has acquired OnApproach, a CUSO that provides data analytics solutions to credit unions.
“We continue to recognize the importance of data analytics in providing insights to drive results today and into the future,” said Tom Davis, president and CEO of Trellance. “With this acquisition, Trellance in conjunction with OnApproach, will allow credit unions to use real-time data to increase efficiencies, manage risks and enrich relationships with their members.”
According to Trellance, the combination will offer a comprehensive blend of predictive analytics by “harnessing the unique powers of each team that will provide credit unions powerful and customizable data analytics to enhance the member experience.”
Davis will serve as CEO of OnApproach, with current OnApproach CEO Paul Ablack continuing to lead product development of M360 Enterprise, a multi-sided analytic data model developed by the company.
“Our goal at OnApproach since 2005 has been to provide credit unions with the means to transform their data into actionable goals,” said Ablack. “With the 30 years of experience working alongside credit unions that Trellance brings to the table, we are excited to collectively harness the power of data. Credit unions have incredible opportunity with data, and this partnership with Trellance will help to accelerate analytics adoption for the credit union industry. At OnApproach, we believe that credit unions should have full access and ownership of their data. By combining forces with another reputable CUSO, we are proud to continue empowering credit unions with the tools and data required to properly serve members and grow their businesses.”
Trellance said additional details about the acquisition will be provided during the company’s annual conference, IMMERSION19 on Thursday, May 9, 2019.