CuneXus Unveils Click-to-Accept Mobile Lending Platform at FinovateSpring 2014 — Conferences Showcasing the Future of Financial and Banking Technology
New Mobile Lending App Features Up to 10 Click-to-Accept Loan Offers, Geo-Fenced Notifications, VIN Scanner, and Smart Shopping Tools
SANTA ROSA, CA. (May 2, 2014) – CuneXus unveiled dynamic new lending solutions this week at FinovateSpring in San Jose, California. During a 7 minute presentation to over 1500 elite financial and banking industry executives and influencers, venture capitalists, and members of the press, CuneXus formally unveiled Credit Concierge, a new mobile lending smartphone app that helps financial institutions drive significant increases in mobile banking revenue while reducing expenses and improving customer experience.
Credit Concierge is a white-label product based on CuneXus’ Comprehensive Prescreened Lending (CPL) strategy that automatically and perpetually pre-approves customers for a financial institution’s consumer loan products based on desired lending criteria. Loan offers generated by the CPL system are delivered to mobile banking customers, who have ongoing click-to-accept access to loan offers provided by their bank or credit union.
Credit Concierge also features integration with a number of shopping tools, including the ability for shoppers to access fair market pricing reports for new and used vehicles, simply by scanning a vehicle’s VIN number. The app is also equipped with geo-fenced notifications that can be set to notify customers of loan offers based on their geographical whereabouts, such as an auto dealership.
The new mobile app is a stand-alone addition to CuneXus’ end-to-end Comprehensive Pre-Screened Lending (CPL) solution which includes an advanced risk-based pricing and multi-product rules engine that delivers 24/7 approval status for up to ten loan products. It also delivers offers at all key customer touch points, including online and mobile banking platforms, in-branch and call center communications, and utilizes direct mail and email marketing.
CuneXus’ full product suite provides ultimate convenience for the customer while allowing lenders to fund more loans. The result is an increase in total loan volume and revenue, decreased cost per loan acquisition, and increased ROI.
Being selected as one of Finovate’s coveted demo spots is a high-potential opportunity that can boost fin-tech companies to the next level of success with valuable exposure to new customers, strategic partnerships, expert feedback, press coverage, and VC funding.
Dave Buerger, President & Co-Founder of CuneXus, said, “Being on stage at Finovate truly was an experience. We are extremely proud of our CPL solution and the results it’s getting for our customers, and unveiling our new mobile solution at Finovate was incredible. Credit Concierge is an amazing app and having it as a stand-alone option just adds to the depth and flexibility of our offerings.”
In addition to being selected as a presenter at FinovateSpring, CuneXus recently named a winner of the 2014 DEMOvation Challenge presented by Bank Innovation and a semifinalist in the Innotribe Startup Challenge 2014. The company will now move on to the regional showcase in New York next month.
Financial Executive and CuneXus Advisory Board Member, Bradley Leimer, reflects on the first half of the year: “It’s been a great start to 2014. I’m very proud of the team, the growth of partnerships, and the participation in Finovate, Innotribe, and DEMOvation. CUNeXus is already making an impact on their clients’ ability to grow loans and the relationships with their members and customers.”
About CuneXus Solutions
CuneXus Solutions develops leading edge financial technology software products and omni-channel marketing solutions that improve the efficiency of transactions between individuals and lending institutions. Based in Northern California, the CuneXus leadership team has over 60 years combined experience in the consumer financial services industry, with expertise in marketing, market research, sales, database management, and software development. Since, the debut of their cplXpress product in December, 2013, CuneXus has received awards and accolades on several fronts for fin-tech innovation, including being selected a winner of the 2014 DEMOvation Challenge presented by Bank Innovation and recently being selected as a semifinalist in the Innotribe Startup Challenge 2014.
About the Finovate Conference Series
FinovateSpring is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in San Jose—before continuing on to New York, Singapore, and London—the event offers an insight-packed glimpse of the future of money via a fast-paced, intimate, and unique format. FinovateSpring is organized by The Finovate Group. For more information on the event or to view videos of previous demos, please visit finovate.com.
CuneXus Solutions Inc.