CHICAGO–EDGE, a provider of open banking and core-integrated data intelligence solutions, said it now serves credit unions with more than $1 billion in assets.
This company said it hit the milestone with the addition to the EDGE network of Lincoln, Neb.-based LincOne FCU.
“LincOne operates on the CU*BASE core system with which EDGE recently completed initial integration work in order to deliver zero-friction cashflow insights from credit unions’ own data,” EDGE said in a statement.
The partnership with CU*BASE adds hundreds of credit unions that can leverage EDGE’s unique ability to combine open banking data from external financial institutions with the rich member data already held by credit unions for a holistic, unified view of member financial health, the company added.
‘More Proactive’
“We look forward to working with EDGE to deliver more proactive and more personalized member care,” LincOne Chief Lending Officer Mike Graham said in a statement. “Having a single platform that delivers actionable insights from both ‘on us’ and ‘off us’ data across marketing, underwriting, and collections will help LincOne to compete more effectively and better address each member’s unique financial situation.”
Unlike many data and analytics providers, EDGE said it operates as consumer reporting agency (CRA) which means compliance-first, audit-ready insights for its credit union clients.
‘Full Lifecycle’
“Beyond credit risk assessment in underwriting, EDGE’s span the full member lifecycle including marketing and collections. In addition, credit unions that leverage EDGE avoid the common industry pitfall of “landing in an ocean of data” without support,” the company said. “Instead, EDGE works closely with its credit union partners to translate cashflow insights into actionable strategies that drive growth, mitigate risk, and improve member relationships.”
