CUFX Success Stories Webinar

David LaCroix

CUFX Standards Manager719-641-6786dlacroix@cufxstandards.com

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

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.

CU Ledger Presentation

Pete NoheltySr. Consultant, Global IntegrationsCULedger, LLC

Digital Access

Your Credit Union

Application Service

Provider

You

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

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

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.

CUFX Core and Online/Mobile Banking Integrations

CUFX API Authentication and Authorization

CorelationKeystone DNA

CUFX Data Model/Schema and Data Dictionary

FIS Presentation

Jim HicksProduct ManagerCommunity Core Solutions

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.

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

Community Core Solutions - MISER• Realtime core banking platform• Middleware – Cohesion

• Supports XML and JSON

• 4000+ transactions• Web frontend

Challenges• Vendor setup and integration support takes 5-20 days• MISER knowledge required for integration• Common functionality needs to be repeated for each vendor

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

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

Trellance Presentation

Nate WentzlaffM360 Product OwnerTrellance

A CUFX Standard – Powered by M360CU Analytics Ecosystem

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

`

Systronics Presentation

Maria Meyers Senior Applications DeveloperSystronics

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.

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.

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.

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.

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.

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.

Thank You!