The credit union industry spends too much time and capital managing redundant system integration's to core data processing systems. These integration efforts take valuable time and resources away from efforts to quickly launch innovative solutions and deliver a seamless member experience across delivery channels. For credit unions to respond to competitive pressures from the large financial institutions, the industry needs to establish a set of standards. CUFX will focus on creating and promoting a single integration standard utilized by the credit union industry.
Core Objectives of CUFX
- Improve the customer experience by enabling a greater range of seamlessly integrated service offerings.
- Enable innovation and speed-to-market within the industry by removing technology barriers.
- Dramatically reduce integration complexities and operating expenses to drive costs down across the industry.
- Provide the CUFX standard and support with no direct cost or fees.