Credit Union Financial Exchange (CUFX) has welcomed Celero as the newest member of its vendor advisory board. Signifying the first non-American addition to the board, the Canadian information technology solution provider will help CUFX promote and support greater technical standardization for the credit union industry.
“Having Celero on the CUFX Vendor Advisory Board adds a missing ingredient to our vendor mix. Their experience with solving complex integrations through standardization, coupled with their successes with Canadian credit unions, will be invaluable in shaping our future,” said Rich Jones, CUFX marketing and business development executive.
Celero joins 16 other key vendors on the board, a group of industry leaders that includes Alkami, Avoka, Business Data, Inc., CO-OP Financial Services, CU Direct, eDOC Innovations, FIS Global, FISERV, Horsetail Technology, IQR Consulting, KIVA Group, OnApproach, PSCU, Q2, SerTech and Symitar. The vendor advisory board works to address two objectives: That CUFX meets the needs of its credit union clients; and that the standard continues to reduce the cost and shorten the speed of integrations, both vendor to core and vendor to vendor.
“Data structure standardization is critical for credit unions. Every time a credit union wants to implement a new technology solution, they must develop and use a one-time only, non-reusable and non-repeatable integration process,” said Rojin Nair, Celero director of business analytics. “This makes integrations unsustainable from a cost perspective and is a significant barrier to credit unions wanting to offer new technologies to their members in a rapidly changing financial services landscape.”
To learn more about how a credit union or company can provide guidance to CUFX in an advisory capacity contact CUFX at email@example.com.
For more information on CUFX, visit cufxstandards.com.