FTP
FTP (File Transfer Protocol) is a standard network protocol used to transfer files between systems. In banking and credit union environments, it's often used for exchanging files with vendors, core systems, or third-party applications.
Because traditional FTP is unencrypted, most financial institutions use secure variants like SFTP or FTPS to ensure data is encrypted in transit and access is authenticated.
Why It Matters
FTP and its secure alternatives are essential for moving data reliably and consistently between systems. Without automated file transfer protocols, employees would have to move files manually, creating security and compliance risks.
Common FTP Uses
- Transferring ACH and payment files to core systems
- Sending encrypted reports to vendors and regulators
- Moving daily batch processing files
- Integrating third-party applications with banking platforms
How SimplifyIT Helps
Our platform integrates with orchestration tools and secure FTP processes, so file transfers can be triggered automatically by intranet workflows and logged for full audit trail visibility.