TAMPA—Trellance, a provider of data analytics, business intelligence and professional services for credit unions, said it has updated its M360 data analytics platform.
“This product update includes significant expansions and enhancements to the platform, making it easier than ever for credit unions to increase productivity, pivot frequently, build resiliency and adapt to rapidly accelerating changes,” Trellance said.
Trellance said it is expanding on the robust visual enhancements made to its M360 data platform in 2020, and that the new update includes the launch of Tableau Software dashboards, as well as a robust Current Expected Credit Losses (CECL) report available in both Microsoft Power BI and Tableau. The CECL report’s capabilities now give financial institutions the ability to predict their expected credit loss within their entire loan/credit card portfolio. Further additions planned for Q1 and Q2 of 2021 include comprehensive updates to cloud customers' visualization capabilities that will elevate visualization dashboards and data manipulation, giving credit unions more valuable insights to accelerate better business decision making, Trellance said.
The latest M360 release introduces the incorporation of Share One NewSolutions to the core banking system and Fiserv Spectrum to a rapidly growing core banking systems connectors portfolio, enabling support for seven core banking systems across a variety of vendors. Credit unions that utilize these cores can now leverage the “power and speed” of the M360 platform, Trellance said.
‘A Powerful Representation’
“This exciting update to the M360 platform is a powerful representation of Trellance’s commitment to our clients and our promise of quarterly updates to help organizations digitally transform their data into actionable insights,” said Trellance Chief Product Officer Paolo Teotino. “The update makes M360 the market-leading data analytics platform in the number of available integrations and implemented clients – and delivers key innovations that benefit credit unions and their members at a time when it’s needed most.”
Trellance said the new M360 release also includes four new integrations to ancillaries’ systems, such as Q2, FIS BASE2000, FIS TBS and VISA DPS. Incorporation with Q2 meets credit unions’ digital banking needs, and integration with FIS BASE2000, FIS TBS and VISA DPS presents advanced opportunities to integrate credit card portfolios into the M360 platform and increase the opportunities for credit unions to enhance the member experience and meet payment needs.
Additional Enhancements
Additional enhancements to the Trellance M360 data analytics platform include an extended common data model that allows credit unions to monitor all their collection activities.
“These new offerings come on the heels of an innovative year for Trellance and its M360 platform. The recently announced Trellance Partner Program, created to provide a network of applications to support credit unions and their digital transformation journey, has doubled its participants in six months and includes leading organizations such as Allied Solutions, CU 2.0, Symitar and Verrency,” Trellance stated. “The result is a coalition of integration solutions, providing powerful augments to M360, more value to members and increased operational efficiencies for community financial institutions.”
Additional information can be found on the Trellance website.