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IFX Forum Benefits of Membership August 2012. Our Mission The mission of the Interactive Financial eXchange (IFX) Forum is to develop and promote adoption.

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Presentation on theme: "IFX Forum Benefits of Membership August 2012. Our Mission The mission of the Interactive Financial eXchange (IFX) Forum is to develop and promote adoption."— Presentation transcript:

1 IFX Forum Benefits of Membership August 2012

2 Our Mission The mission of the Interactive Financial eXchange (IFX) Forum is to develop and promote adoption of IFX, an open, interoperable standard for financial data exchange. The IFX standard is designed to meet the business requirements of the global financial services industry.

3 Organization Background The IFX Forum is a non-profit organization funded by member dues Executive management of the IFX Forum is through a Steering Committee, which reports to the Board of Directors; the Architecture Committee is the only standing committee Members may propose the formation of a Working Group to address any topic. Typically three members sponsor a Working Group Current Working Groups are: ATM-POS Branch Banking Services Business Banking Card Management & Servicing Liaison & Interoperability Loans

4 Bang for Your Buck! Membership can benefit your organization in numerous ways, many of which are competitive advantages: You’ll network and collaborate with industry experts Your business requirements are guaranteed to be considered for inclusion in the IFX standard You will drive the evolution of IFX and set the Forum’s priorities Your participation will demonstrate industry and thought leadership You’ll have early visibility into new content You will have exclusive access to members-only materials You’ll have opportunity to influence international standards for electronic financial transactions Details follow…

5 Networking & Collaboration IFX Forum holds several face-to-face meetings each year Members may send unlimited attendees at no charge (also to ongoing Working Group meetings) Attendees include representatives of major financial institutions and other major firms, as well as up-and- coming innovative small companies Ample networking opportunities occur at meetings Members can obtain IFX advice from others in Working Group teleconferences and on Forum listserves

6 Put Your Requirements into IFX Only members may contribute to or participate in the development of IFX As a member, you can propose content that fits the business needs of your company and your customers -- an advantage over your competition Members may propose new Working Groups to address areas of particular interest not already included in IFX

7 Shape the Future of IFX Member privileges include Architecture Committee participation, where the future direction of IFX is charted Members may run for office/vote for candidates, selecting the organization’s leadership and determining its priorities

8 Showcase Your Leadership Membership demonstrates an organization’s leadership role in the industry and commitment to cutting-edge solutions The IFX Forum membership roster is very good company to be seen in!

9 Access Members-Only Materials Members access everything at no charge, where non-members would pay $$$ Members-only materials include: Implementation Guides and other documentation Sample source code Work in progress Automated XSD generation facility for the BMS Working Group listserve content

10 Preview New Content Content not publicly released is available to members as it is developed You can have your implementation ready to launch before your competition even hears what is in the next version of IFX!

11 Influence International Standards Through the Forum’s liaison activities with other standards bodies, you have the opportunity for input into the work of: ISO ANSI BIAN NACHA X9

12 Membership Categories Corporate Membership $9,995 For entities with annual revenue > $50 million US, or banks with assets > $1 billion US Small Business Membership$5,995 For entities with annual revenue < $50 million US, or banks with assets < $1 billion US Both categories are Voting Members Small Business members may run for Board of Directors seats after two years of membership

13 More information…


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