cufx success stories webinar - cuna councils€¦ · • requests for integration with various...
TRANSCRIPT
![Page 2: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/2.jpg)
Agenda• What is CUFX?• CU Ledger Presentation• FIS Presentation• Trellance Presentation• Systronics Presentation• About CUFX
• Application Language Coverage• How CUFX works for your success• How to get started with CUFX
![Page 3: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/3.jpg)
What is CUFX?
Credit Union Financial Exchange (CUFX) is a free, vendor agnostic, broad integration standard lead by the CUNA Technology Council and designed by leading credit unions and vendors. CUFX uses XML to define the objects and schemas for integration solutions between Credit Unions, Vendors and Core providers.
![Page 4: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/4.jpg)
CU Ledger Presentation
Pete NoheltySr. Consultant, Global IntegrationsCULedger, LLC
![Page 5: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/5.jpg)
Digital Access
Your Credit Union
Application Service
Provider
You
![Page 6: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/6.jpg)
Digital Credentials Trusted Digital Data Digital Money & Payments
Smart Contracts
Loan Participation
Credit Scoring
Global Decentralized Exchange Network for financial cooperatives
will provide services for ALLinteraction types (B2B, C2C, C2B).
Know your Employee
![Page 7: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/7.jpg)
Meeting Member Needs; MyCUID Credential
Need to protectidentity
SecurityPrivacyAwareness & Availability
Easy to use
Consistency within community
PersonalizedConsistency across
communities
Need to trustwith identity
Need to prove identity
![Page 8: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/8.jpg)
Key Early Learnings - MyCUID• Integration and interoperability standards are key requirements for
MyCUID deployment.• The key benefit for credit unions to adopt MyCUID is to provide a
seamless authentication member experience across all services and channels.
• An API-based strategy was determined to be the best approach for MyCUID early integrations.
• The fastest path to mass adoption can only result from engaging with channel system integration partners using interoperable standards.
![Page 9: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/9.jpg)
CUFX Core and Online/Mobile Banking Integrations
![Page 10: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/10.jpg)
CUFX API Authentication and Authorization
CorelationKeystone DNA
![Page 11: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/11.jpg)
CUFX Data Model/Schema and Data Dictionary
![Page 12: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/12.jpg)
FIS Presentation
Jim HicksProduct ManagerCommunity Core Solutions
![Page 13: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/13.jpg)
CLIENT CHAMPION
We champion our clients every step of the way to help
them reach their goals.
END-TO-END CAPABILITIESWe provide unmatched
technology services covering the entire financial
landscape.
EMPOWERING THE FINANCIAL WORLD
We empower the financial world and everyone touched
by it.
![Page 14: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/14.jpg)
Global Financial Solutions (GFS) Today
Delivering mission critical applications to organizations across the globe
PAYMENTS
Solutions• Digital Payments• Credit/Debit/Prepaid Processing • Loyalty and Network• Payments Processing • Check Processing• Accounts Payable and Payments Automation
INSTITUTIONAL & WHOLESALE
BANKING
Solutions• Core Banking • Auto Lending• Loan Operations
/Financing
• ATM services and Card Production• Outsourced Banking Services
Solutions• Investment Accounting• Portfolio/Order Mgmt.• Trading and Collateral • Securities Lending/ Processing
• Market Data/ Network• Tax, Risk and Compliance $193M
Deposit Accounts
848MCards Processed
27B Global Transactions Processed
27TFund Accounting Assets
150+Global Exchanges / Trading Venues
135Cleared Derivatives Markets
$500B+Syndicated DealsPublished Annually
21B-$850B DebitTransactions
118MCards Produced
340MPrepaid Cards Issued
2B-$110B Payment NetworkTransactions
![Page 15: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/15.jpg)
Community Core Solutions - MISER• Realtime core banking platform• Middleware – Cohesion
• Supports XML and JSON
• 4000+ transactions• Web frontend
![Page 16: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/16.jpg)
Challenges• Vendor setup and integration support takes 5-20 days• MISER knowledge required for integration• Common functionality needs to be repeated for each vendor
![Page 17: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/17.jpg)
How adding CUFX support will help
• Ease vendor integration• Vendors that support CUFX integrate directly• Vendors that do not yet support CUFX can be directed to the CUFX
documentation
• Marketing message – Conforming to standards• MISER CUFX API will be published to Code Connect
![Page 18: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/18.jpg)
FIS Code Connect• What is FIS Code Connect?
– An API platform that provides a central access point for FIS to expose and manage all FIS solutions via APIs.
– Allows credit unions and fintech partners to publish and manage their own APIs, so that they can easily integrate, leverage, and deliver solutions across any digital channel.
• Why FIS Code Connect?– Rapidly brings open APIs to market,
empowering innovation– Significantly reduces integration and
development– Has a plug and play structure – start using it
right away– Is deployable both internally, direct to clients
and publicly
![Page 19: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/19.jpg)
Trellance Presentation
Nate WentzlaffM360 Product OwnerTrellance
![Page 20: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/20.jpg)
A CUFX Standard – Powered by M360CU Analytics Ecosystem
![Page 21: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/21.jpg)
CoreSystemAncillary
#6ConsLOS
Ancillary#7
Ancillary#4
Ancillary#5
Predictive Models (Slide 18)• Member Attrition• Member Engagement• Next Best Product
BI Reporting Tools (Visualization)• Dashboards• Reports• Ad-Hoc Reports
AutomatedData Service (DS)
AutomatedETL Processes
Data Lake(Next Page)
Data Service #1
G/L CreditCard
Data Service #2
Data Service #3
`
![Page 22: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/22.jpg)
Systronics Presentation
Maria Meyers Senior Applications DeveloperSystronics
![Page 23: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/23.jpg)
Decision to Embrace CUFX
• Requests for integration with various third party vendors were increasing.
• As a core processor, we need to be flexible enough to handle multiple vendors providing the varied and similar services without becoming overwhelmed by third party APIs.
• Using the CUFX standard promised to save time on integrations allowing us to focus on improving our core product.
![Page 24: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/24.jpg)
Determining Our Approach to CUFX as a Core Processor
• Representing multiple credit unions meant determining our place in the CUFX architecture not only for our immediate needs, but also for the ever-expanding field of services and ensuring that CUFX had the structure that we needed for our data.
• David LaCroix was very responsive to our questions. He helped point us in the right direction for certain data messages and allowed us to join a working group session where we were able to present a case for additional fields in the standard.
• As we take on more integrations with different vendors and services, we are continuing to learn, adapt, and improve our API.
![Page 25: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/25.jpg)
Coding in Anticipation for Adoption
• When the opportunity presents itself to do additional coding for endpoint services that we do not currently offer, we take advantage in anticipation of further adoption.
• Along that same thought process, I joined the working groups which has been extremely helpful not only in improving my understanding of the standard, but also in learning how other organizations are leveraging the standard.
![Page 26: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/26.jpg)
About CUFX- Application Language Coverage
• CUFX Now available on GitHub! https://github.com/cufx/standard• CUFX is written in XML / XSD format• CUFX scripted translation to Swagger YAML /JSON version 2.0• Technical support available via Swaggerhub*:
• client conversion to: akka-scala, android, clojure, cpprest, csharp, csharp-dotnet2, cwiki, dart, dynamic-html, flsh, go, groovy, html, html2, java, javascript, javascript-closure-angluar, jaxrs-cxf-client, jmeter, kotlin, objc, perl, php, python, qt5cpp, ruby, scala, swift, swift3, tizen, typescript-angular, typescript-angularjs, typescript-fetch, typescript-node.
• server support to: aspnetcore, erlang-server, go-server, Haskell, Jaxrd, jaxrs-cxf, jaxrs-cfx-cdi, jaxrs-resteasy, jaxrs-spec, lumen, msf4j, nancyfx, nodejs-server, php-silex, python-flask, rails5, scalatra, Sinatra, slim, spring, and undertow.
*Information captured from swaggerhub.com.
![Page 27: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/27.jpg)
How CUFX works for your success -We Support You During Development• CUFX Project Manager
• Available to answer questions about the standard.• Entry point for standard update requests.• Prepares proposal for review with the working group.• Provides tentative XSDs so your development teams keep working without delay.
• CUFX Architectural Consultation• Schedule a one on one meeting with a CUFX Architect to have an in-depth
discussion on a specific need. • CUFX Logo License
• Organizations that Implement CUFX to Production with a minimum of 1 CUFX standards transaction can complete the CUFX Logo License Agreement and use the CUFX and CUNA Technology Marks in your product promotional materials. Contact the CUFX Project Manager for more details.
![Page 28: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/28.jpg)
How to get started with CUFX
• Learn more about the standard and download the specifications from www.cufxstandards.com or https://github.com/cufx/standard
• The best way to help your organization and the industry at large is to ask for CUFX interfacing in your next IT effort.
• Interested in helping directly? • Any interested party may join a CUFX workgroup team.• Vendors can join the CUFX Vendor Advisor Board.• Positions available on the CUFX Architectural Committee for both Credit
Unions and Vendors.
![Page 29: CUFX Success Stories Webinar - CUNA Councils€¦ · • Requests for integration with various third party vendors were increasing. • As a core processor, we need to be flexible](https://reader033.vdocuments.net/reader033/viewer/2022050201/5f554de0f2122a50d26f6877/html5/thumbnails/29.jpg)
Thank You!