CuneXus Unveils Enhanced Mobile Lending Platform at FinovateSpring 2015 — Conferences Showcasing the Future of Financial and Banking Technology
New Mobile Features Include Document Preparation and e-Signature Capabilities
Santa Rosa, CA, May 13, 2015— CuneXus showcased its dynamic Comprehensive Prescreened Lending (CPL) platform, cplXpress, at FinovateSpring in San Jose, California with a demonstration of how a shopper can borrow funds for a major purchase in just moments, all from a mobile device.
The CPL system generates pre-approved “click-to-accept” loan offers to banking customers while they shop, helping credit unions and banks drive revenue, reduce expenses and improve the customer experience. The platform allows lenders to make consumer loan products available based on desired lending criteria and on the borrower’s behavior and location. The FinovateSpring demo showed how a shopper in an appliance store can be notified of their available credit, accept a loan, sign the loan documents electronically on their mobile device, and make a major purchase in less than a minute.
Since debuting cplXpress at last year’s FinovateSpring, CuneXus has been on a tear, signing multiple new customers including a $2.2 billion credit union, which processed more than $24 million in loans in 90 days, three times the previous year’s total. Earlier this year, CuneXus formed an alliance with Harland Clarke, one of the largest service providers to financial institutions, making cplXpress technology available to 8,500 additional banks and credit unions.
CuneXus has also been showered with accolades from the fintech community. The company was named a semi-finalist in the Innotribe Startup Challenge 2014, Winning Startup at the Future of Money & Technology Summit in San Francisco, and one of ten startups to watch in a global industry report, “The 50 Best Fintech Innovators of 2014,” published by KPMG, AWI and the Financial Services Council.
“The response to cplXpress has been phenomenal,” said Dave Buerger, President & Co-Founder, of CuneXus. “We’re always excited to participate at Finovate and show how easy it is for lenders to use this platform to grow their businesses and to delight their 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.
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, the event offers an insight-packed glimpse into 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 http://spring2015.finovate.