Hughes Federal Credit Union selects MX Helios mobile as part of its digital transformation
LEHI, UT (May 6, 2019) — MX, one of the fastest growing fintech providers, and Hughes Federal Credit Union (Hughes) announced that Hughes will enhance its digital capabilities with MX Helios for its mobile platform in an effort to deliver a seamless digital experience to members.
According to a recent consumer trends survey from Fiserv, the majority of consumers now prefer to interact with their primary financial institutions via online or mobile channels. These findings underscore the importance of digital interactions in members’ financial lives.
“Our goal is to double our member adoption, bring a return on our mobile and online investment, and, importantly, give our members a competitive advantage, which is always crucial in the local credit union industry,” said Rich Griesser, VP of IT at Hughes Federal Credit Union. “With the big fintechs entering this space, the bar has been raised. We feel the Helios mobile platform from MX integrated with Architect from Fiserv gives us the right platform to compete. We’re excited to partner with them on this venture.”
“As the established leader in data for credit unions, we’re excited to be helping Hughes increase the adoption of their mobile banking through our Helios platform, data aggregation, data enhancement and data analytics,” said Ryan Caldwell, CEO of MX. “As we’ve been working closely with them to build a world-class mobile banking experience for
their members, we’re also helping those same members to be empowered with financial strength.”
The credit union will maintain control over their service offerings with a digital platform that accommodates the needs of their members. The open framework facilitates integration of additional capabilities Hughes will add over time.
MX, the financial data platform and leader in modern connectivity, helps organizations everywhere connect to the world’s financial data and turn raw, unstructured data into their most valuable asset to deliver intelligent and personalized money experiences. MX connects more than 16,000 financial institutions and fintechs providing the industry’s most reliable and secure data connectivity network. Additionally, MX powers 85% of digital banking providers, as well as thousands of banks, credit unions, and fintechs, with a combined reach of over 200 million consumers. To learn more, follow us on Twitter @MX or visit www.mx.com.
About Hughes Federal Credit Union
Established in Tucson in 1952, Hughes Federal Credit Union has $1.2 billion in assets and 128,000 members. Hughes is rated number one by Forbes in their inaugural best-in-state bank and credit union ranking and has a “Superior” 5-Star Bauer Financial rating. It is rated A+ and has been accredited by the Better Business Bureau since 1974. The Credit Union is federally insured by the National Credit Union Administration. For more information, visit HughesFCU.org, or follow Hughes at Facebook.com/HughesFCU and Twitter.com/HughesFCU.