Financial Organization

UMB Financial Corporation (NASDAQ: UMBF) is a financial services holding company headquartered in Kansas City, Mo. Its banking subsidiaries own and operate 136 banking centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona.

UMB wanted to replace its existing file transfer system which was a combination of FTP, homegrown, and legacy applications. The systems were lacking in functionality, difficult to manage, and costly to maintain. After a thorough evaluation of the marketplace, they chose CyberFusion Integration Suite (CFI)®, from Proginet.

UMB was able to quickly and efficiently integrate its existing file transfer processes onto the new CFI system. They now rely on CFI to manage more than 1,000 file transfers daily, both within and across the organization, and externally with customers, vendors and business partners. Adopting CFI has enabled them to move to a secure client/server model using standard Internet protocols such as FTP/s, sFTP and HTTP/s. CFI’s broad protocol support has made it infinitely easier to integrate their complex partner network. Partners can easily and securely transfer transactional files over the Internet using a standard Web browser; there’s no need to install additional software on the client side.

Moreover, CFI has enabled the bank to achieve extensive automation across the entire process. Transfers can be scheduled, triggered by other actions (post-processing), or initiated into other servers and applications.

Challenges:

• A single solution for all internal and external file transfer needs
• Sensitive data (full encryption required for both internal and external file transfers)
• Automation and detailed auditing needed for high volume of scheduled weekly transfers
• Multiple business partners on multiple platforms (including AS400 and Mainframe)
• Expansion and maintenance costs for the Sterling Commerce file transfer solution are too expensive

CFI Solutions

• CFI provides UMB with a single solution for all file transfers, both internally and externally, and across all platforms
• Proginet’s fixed-cost, enterprise license has enabled the organization to realize substantial and ongoing cost savings
• CFI’s built-in encryption and strong authentication has enabled the organization to maximize the security of every single file transfer. By using CFI throughout their entire enterprise, they have been able to eliminate FTP and other points of vulnerability
• CFIs guaranteed delivery mechanisms, scheduling, and post-processing actions enable 24x7-automation across the entire organization, including all 136 branch locations and the data centers
• CFI enables a large and complex network of customers, suppliers and business partners to connect with UMB and perform file transfers using a standard Web browser
• Comprehensive and granular audit reports and logs enable management to see detailed information on each and every file transfer at any time

To learn more please contact us at +1 (516) 535-3600 or click here.