The XYZ’s of credit union APIs

When it comes to your credit union’s technology, by now you’ve realized how important it is to be forward thinking and position yourself to take advantage of any new technology that adds value to your members or staff. You want to be able to offer the newest fintech to your members with minimal effort and without having to overhaul your system or a pay third party to help manage it. In weighing your options, you successfully decided to use a core tech provider with open architecture and an open API (Application Programming Interface).

For a refresher on APIs, read “The ABCs of Credit Union APIs.”

With your investment in robust core technology comes the ability to offer your members those cutting-edge services they have been looking for, and a complete menu of financial capabilities. The smooth integration of third party offerings with your credit union technology allows you to provide a seamless member experience.

Think of all the ways your mobile app is used and what capabilities your app now offers: real-time balance inquiry, funds transfer between FIs/accounts, eStatements, loan applications, ATM map location, and more. APIs are available for an overwhelming number of capabilities, including setting up e-commerce websites, payment wallets, and interacting with social networks and email services. Among the most commonly used:

 

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