CryptoFi announces integration with CU*Answers digital banking platform
GRAND RAPIDS, MI (May 4, 2023) — CryptoFi, a cutting-edge Cryptocurrency-as-a-Service (CaaS) firm, today announced its integration with CU*Answers’ banking core and digital banking platform. CryptoFi’s digital asset solution natively integrates with CU*BASE and It’s Me 247 Online Banking, delivering credit union members safe, secure, and frictionless access to digital assets such as Bitcoin and Ethereum. CU*Answers provides services to over 195 credit unions in 27 states plus Washington, D.C., representing over 2 million credit union members and $29 billion in credit union assets. Through this integration, CryptoFi’s innovative digital asset services will help credit unions retain and acquire new members.
Credit union members will have a frictionless digital asset experience—without requiring any additional accounts or applications, and all from within the CU*Answers digital banking platform. CryptoFi also provides educational resources and customer support to help members navigate the cryptocurrency market.
CryptoFi’s solution helps credit unions drive member acquisition, retention, and engagement, turn a cost center into a profit center, and become the top-of-wallet choice for members interested in a safe and secure way to buy, sell, and hold cryptocurrency. Additional features will include an integrated rewards program, balance transfer from third-party exchanges, year-end tax minimization, transparent fees, and fast settlement. Educational content prominently featured alongside trading tools allows end users to make informed and confident trading decisions.
CryptoFi works directly with partner financial institutions to optimize their offering, train staff, and continue to support the relationship long-term while adding new features and benefits so that the institution can derive the most value from the partnership.
CU*Answers’ CEO, Geoff Johnson, said: “We are always looking for innovative ways to enhance our offerings and serve our clients’ needs. CryptoFi’s integration with our platform allows us to offer our credit unions a unique set of cutting-edge solutions for crypto that are secure, compliant, and user-friendly. We are excited to work with CryptoFi and explore the opportunities that crypto presents for our clients.”
CU*Answers and CryptoFi are targeting a release to credit unions in October 2023.
CU*Answers offers expertise in implementing technical solutions to operational needs, and is a leader in helping credit unions form strategic alliances and partnerships. CU*Answers provides a wide variety of services for credit unions including its flagship CU*BASE® processing system (online and in-house) and Internet development services featuring It’s Me 247 online and mobile banking. Additional services include web development, network design and security, and image check processing. Founded in 1970, CU*Answers is a 100% credit union-owned cooperative CUSO providing services to credit unions representing over 2 million members and $21.5 billion in credit union assets. For more information, visit www.cuanswers.com.
CryptoFi is a Cryptocurrency-as-a-Service (CaaS) company building innovative technology solutions that expand access to digital assets through native digital banking platforms. CryptoFi’s solutions seamlessly bridge the gap between traditional finance and digital assets, compliant with all regulations. CryptoFi offers a seamless crypto trading and education interface for credit union members, as well as a robust set of management, data analytics, marketing, and support tools. Our focus is unlocking value for our clients through increasing user acquisition and retention alongside a new stream of non-interest income. Learn more at cryptofi.tech.