CuneXus Named on American Banker and BAI’s FinTech Forward “Companies To Watch” List
Oct. 5, 2016 CHICAGO — CuneXus Solutions, a leader in pre-screened, “click to accept” lending technology, has been recognized by American Banker and BAI as a FinTech Forward company. A list released today announced CuneXus as one of just twenty “Fintech Companies to Watch” from global financial technology leaders. This annual collaboration between American Banker and BAI, brings together research, media, and events to highlight leading companies motivating the financial industry’s investment in technology.
“This recognition by American Banker and BAI is testament to the value that our 1-click consumer lending technology brings to the banking industry,” said Dave Buerger, co-founder and CEO of CuneXus. “Banks and credit unions are using our application-free pre-screened lending technology to grow their loan portfolios, compete with emerging technologies, and deliver an unparalleled customer experience.”
CuneXus’ comprehensive pre-screened lending technology–cplXpress–uses a financial institution’s underwriting guidelines to determine each customer’s borrowing capacity for different types of loan products. Loan offers are then tailored to each qualified customer with pre-approved amounts, interest rates and loan terms. Multiple loan offers are then displayed through many channels–including online and mobile banking–where acceptance is only a click away, and no application or office visit is required.
This “push” approach to loan origination has been embraced by dozens of banks and credit unions choosing to offer more personalized services, with greater transparency, convenience and purchasing power for their customers. The lender’s ability to make individual, pre-approved loan offers available when and where the customer needs them has lead to more than $500 million in loans generated. CuneXus, which has received $6 million in strategic and venture funding in 2016, has also announced partnerships with the likes of financial service leaders Harland Clarke, Digital Insight, and MeridianLink; and automotive information leader Edmunds.com.
Founded in 2007, CuneXus is focused on data-driven consumer lending solutions that help financial institutions maximize the potential of valuable customer relationships. Their pioneering technologies are at the forefront of the transition to a new era of responsible on-demand lending and borrowing. The company’s revolutionary cplXpress product suite is currently being utilized by dozens of financial institutions throughout the U.S. and has generated hundreds of millions of dollars in consumer loan volume. CuneXus was named one of just ten startups to watch on KPMG’s global report of “The 50 Best Fintech Innovators” and selected to participate in Silicon Valley’s renowned Plug & Play Fintech accelerator. Visit the CuneXus website for more information: http://cunexus.com/
About Fintech Forward
FinTech Forward, now in its 13th year, is the industry-standard global rankings of the top fintech providers. FinTech Forward provides a comprehensive and forward-looking view of the strategic imperatives driving bank technology, both from the vendor and the user perspectives. The program draws on the two organizations’ deep industry expertise, market-leading proprietary research, and strength in live events to produce actionable content for decision makers. A complete listing of FinTech Forward award-winning companies will be featured at the BAI Beacon conference in Chicago and is available at FinTechForward.com.