CuneXus Proceeds to Innotribe Startup Challenge 2014 Semifinals
Financial Technology Startup CuneXus Builds Momentum as it Advances to Innotribe Semifinals; Debuts New Lending Solutions at Finovate; Announces Addition of Shami Patel to Advisory Board
SANTA ROSA, CA. (April 25, 2014) – CuneXus is excited to announce its entry into the semifinals of the Innotribe Startup Challenge 2014. The news comes just days in advance of the company’s scheduled presentation at Finovate, where it plans to debut several innovative new lending solutions. The company has also made a key addition to its advisory board, with the signing of financial executive and venture capitalist, Shami Patel.
The Innotribe Startup Challenge is a year-round program featuring three regional showcases in Europe, Asia, and the Americas where participants deliver fast-paced company pitches before an audience of financial industry decision makers and investors. Nine startup-stage presenters were chosen from hundreds of financial technology startups based on their potential to deliver significant sustaining or disruptive innovation to the global financial industry.
CuneXus has also been selected as one of 70 startups and established companies to present at FinovateSpring, April 29, at City National Civic in San Jose, California. CuneXus will unveil their ground-breaking lending solutions to an audience of nearly 1500 banking and financial executives, venture capitalists, members of the press, and entrepreneurs.
This dynamic startup’s solution is based on CuneXus’ Comprehensive Prescreened Lending (CPL) strategy—which automatically and perpetually pre-approves customers for an institution’s complete consumer loan product portfolio.
CuneXus’ end-to-end pre-approved lending solution includes an advanced risk-based pricing and multi-product rules engine that delivers 24/7 approval status for up to ten loan products and delivers offers at all key customer touch points, including online and mobile banking platforms, in-branch and call center communications, and through direct mail and email marketing.
It provides ultimate convenience for the customer while allowing lenders to fund more loans. The result is an increase in total loan volume and mobile banking revenue, decreased cost per loan acquisition, and increased return on investment.
Dave Buerger, Co-Founder and President of CuneXus, said, “The momentum at CuneXus is palpable. We are proud to be recognized as a semi-finalist in the upcoming Innotribe Startup Challenge and very excited for our presentation at Finovate next week.”
In addition to the new product presentation and awards, Shami Patel will be joining the CuneXus advisory board. A Venture Partner at Clean Pacific Ventures Management LLC, Patel also serves on the Board of Duke University Law School and has been involved as an investor and operator of nine high growth companies, acting as COO of Alesco Financial (NYSE : AFT), CFO of TRM Corporation (NASDAQ: TRMM) and CEO of iATMglobal.net (acquired by NCR Corp.).
Current advisory board members include Bradley Leimer, VP of Digital Strategy for Mechanics Bank, recently listed as #11 on Bank Innovator’s exclusive roundup of 2013 Innovators to Watch: Executives Shaping The Future of Banking; Gary Ketelsen with 30 successful years in technology sales and management including senior executive roles with Oracle Corporation and Verity; Jasper Calcara, President of D. H. Charles Engineering, providing engineering services to clients in all 50 states and Canada; Mark DeBellis, the President of PSB Integrated Marketing, the credit union industry’s premier marketing agency and former V.P. of Marketing for $10 billion Imperial Savings.
Buerger says, “We are excited to welcome Shami to the Advisory Board. I’m really proud of our team, our great resources, and all the people involved with CuneXus. We’re looking forward to competing at the next stage of the Innotribe Startup Challenge and joining the brightest stars of our industry at Finovate next week.”
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 FinTech innovation, including being selected a winner of the 2014 DEMOvation Challenge presented by Bank Innovation.
SWIFT Innotribe is about connecting people, networks and ideas – bringing together global startups and innovators with investors, strategists, and influential decision-makers from leading financial institutions across the globe. The initiative seeks to bridge the gap between the startup ecosystem and the financial services industry, looking for products and services that could disrupt current business models and create opportunities for new ones. For more information, please visit www.innotribe.com
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.