ST. PAUL, Minn. (3/30/16)--Minnesota Item Processing Corp. (MnIPC), a wholly owned subsidiary of the Minnesota Credit Union Network (MnCUN), has formed a partnership with OnApproach, a provider of data analytics solutions for credit unions.
Through the partnership, MnIPC will offer OnApproach solutions to clients in both hosted and service-bureau environments.
“Harnessing big data for analytics is a mega trend in nearly every industry including financial services,” said John Ferstl, MnCUN Service Corp. vice president. “The application of data analysis to garner insights of everyday operations, particularly for small to mid-size credit unions, can be challenging from both a budget and implementation standpoint,”
MnIPC will apply the cooperative model to big data through OnApproach solutions, which will not only allow more credit unions to participate, but also offer opportunities to aggregate data for analysis on a wider basis.