Payments CUSO PSCU and insurance and financial services company CUNA Mutual Group have formed a new partnership based on a “common vision to bring shared value on behalf of the credit union industry.”
The two companies released a statement saying they have come together to “explore opportunities” involving the expanded use of data and analytics, “with a goal of benefiting credit unions and the industry as a whole.”
PSCU and CUNA Mutual Group said their new partnership aims to explore innovation and strategic development ideas by “leveraging collective capabilities” in digital and analytics solutions, including additional infrastructure for CUNA Mutual Group’s AdvantEdge Analytics Data Platform, as well as connections with PSCU’s Advisors Plus and contact centers.
The companies said they also hope to find “further enable actionable growth strategies” through data analytics they say will improve member intelligence and accelerated analytics adoption to help strengthen credit unions for the future.
“PSCU has been an industry leader in data and analytics for several years, and we now are placing more of a focus on these offerings than ever before,” said Tom Gandre, chief operating officer for PSCU. “We are excited to come together with another industry leader to drive home the value of analytics for the credit union industry.”
PSCU said its Member Insight is a “suite of advanced analytics tools” that helps credit unions uncover the information they need to understand the performance, profitability, growth opportunities and risk mitigation in their credit, debit, bill pay and ATM portfolios. It said credit union users currently derive insights and actions based on thousands of database searches conducted annually.
CUNA Mutual Group said its AdvantEdge Analytics provides “comprehensive” technology and data analytics services for credit unions, helping credit unions effectively harness the power of data in new and insightful ways.
“This is an exciting step for industry collaboration between PSCU and CUNA Mutual Group as we explore new ways to bring a better digital experience for credit unions and their members,” said Shazia Manus, chief strategy and business development officer for CUNA Mutual AdvantEdge Analytics. “Together, we will continue to not only address the evolving data analytics needs of credit unions, but more importantly, we will continue to build the digital ecosystem to improve the member financial experience overall.”
See some of Credit Union Journal’s previous coverage of CUNA Mutual AdvantEdge Analytics
