The genius way to offer more member services

first_img 15SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr There are many challenges in the credit union industry, and balancing your technology commitments to successfully meet member demands is just one. Of course, credit unions want to offer best-of-breed technology to their members, but at what cost. Many credit unions settle with sub-par member services because they don’t believe they have the resources to fund development. However, if your core system believes in open architecture and has an API, you can likely find a cost-effective way to offer your members the experience you want them to have.A crucial aspect of meeting member’s financial technology needs is to ensure your core processing system has an open architecture, allowing for the integration of new services and tools through a credit union API, especially when that option offers the most current technology and makes the most sense. The seamless integration of 3rd-party tools and technologies, such as TrueChecks or DocuSign, can streamline your member service and alleviate the need to develop such technologies in-house or fund outsourced development.APIs are not a new technology. In fact, Application Programming Interfaces have been around since the 1960’s. Of course, for many decades they were a term only known among the computer programming crowd. However, APIs are now commonly used at credit unions around the world. Many financial institutions leverage the open architecture of their credit union data processing system to integrate unique lending platforms such as CU Direct’s CUDL 360 or Meridian Link and their loan origination solutions. continue reading »last_img

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