TAMPA, Fla.— Trellance has unveiled a new set of cloud-based enhancements to its M360 data analytics platform.
The new capabilities are another “substantial” product update and complement several major capabilities released throughout 2020, which has been an active year of software development and deployment for the company, Trellance said.
The company announced the availability of new cloud capabilities that it said not only allow financial institutions to access data-centered insights more quickly but also serve as the platform for scientific data modeling, comparative financial industry benchmarks and more predictive insights. The cloud version of Trellance M360 offers the same common data model as its on-premise solution including many of the core and ancillary connectors that are most widely used in the market today.
As Trellance has signed several analytics deals in 2020, the size of client assets on the M360 platform has increased by 32% since the start of the year, the company said. More than $85 billion of assets are now represented throughout the Trellance analytics client base.
‘Large-Scale’ Cloud Experience
“The new data analytics capabilities deliver the large-scale cloud experience that has been missing in the credit union market,” said Jeff Redding, chief technical product officer of Trellance. “The product capabilities and the pace of our delivery, combined with the size of the client base and the amount of assets represented on the platform, place Trellance in the trusted position of market leader.”
According to the company, with pre-built data visualization dashboards, the new cloud version of Trellance M360 provides rich insights into members, consumers, branches, tellers, loan portfolio analysis and organizational operations. Trellance M360 now offers cloud, on-premise and hybrid capabilities that address the breadth of unique client needs. Developed with proprietary software, supported by PCI-compliant storage and transmission software vendors, the cloud version of Trellance M360 is built to meet the security needs of today’s financial institution, Trellance said.
A ‘Trust Filter’
Trellance said the cloud capabilities provide encryption and data protection protocols, and also include a distinguishing feature that can be described as a “trust filter.” The filter allows clients visibility of data moving in and out of the cloud and provides an extra layer of validation and control, according to the company. The new features provide an opportunity for clients to benefit from faster implementations, easier software updates and lower total cost of ownership, it added.
Additional enhancements to the current cloud feature set will be continuously released in successive months, Trellance said.
For more info: www.trellance.com.