Rise Analytics To Sponsor Filene’s All Things Payments Center Of Excellence Through 2028
By CU Today Staff —
TAMPA— Rise Analytics, a Trellance company, and the Filene Research Institute announced that Rise Analytics will serve as a sponsor and participant in Filene's All Things Payments Center of Excellence through 2028.
First launched in 2016, Filene’s Centers of Excellence model organizes research around the most pressing issues credit unions are facing, allowing them to find and apply research in order to continue to meet member needs and advance the credit union movement. The All Things Payments Center of Excellence looks at the rapidly evolving payments space and helps credit unions stay ahead of member needs and expectations, technology advancements and regulatory changes, Rise Analytics explained.
"By supporting this Center of Excellence, Rise Analytics is reinforcing its commitment to help credit unions navigate the quickly changing payments space – identifying the needs and expectations of consumers, getting ahead of evolving technology and regulation and developing data-driven products and services that bring sustained growth to the industry," the company said.
Rise Analytics said it will contribute to the All Things Payments initiative in two ways. First, it will share its expertise in helping credit unions use payments intelligence to identify member needs, personalize engagement, strengthen relationships and uncover growth opportunities. Second, Rise Analytics will validate emerging payment trends and research findings using its proprietary Caspian data pool – an anonymized, nationwide database representing over eight million credit union members, over 20 million accounts and over $5 billion in transactions.
"By combining Filene's research capabilities with real-world payment behavior, the partnership will provide credit unions with practical, data-driven insights into how consumers are adopting new payment technologies, how payment behavior is changing and what strategies can help institutions remain competitive," Rise Analytics said.
Some of the questions Filene and Rise Analytics will help credit unions answer include:
“Payments has always been a vital part of any credit union,” said Paolo Teotino, executive director at Rise Analytics. “By combining Filene’s research with our data, we can help credit unions understand what’s happening, how it’s changing and how it’s impacting them day-to-day, so credit unions can create a solid action plan to navigate through the payments opportunities.”
“Data capabilities and insights are crucial across our Centers of Excellence, but this need is especially clear in All Things Payments. We are very thankful to have Rise Analytics and their payments data expertise to accelerate the work that we’re doing,” said Jessica Gamache, head of research at the Filene Research Institute.
The partnership will continue through 2028 alongside 19 credit unions and system partners, allowing for three years of in-depth research and evolution of the Center of Excellence.
Learn more at RiseAnalytics.com.
Originally reported by CU Today.