CuneXus “One-Click” Loan Platform Boosts CX and Efficiencies
SANTA ROSA, Calif., Mar. 03, 2020 – CuneXus, a data-driven lending and marketing automation pioneer, and Frost Financial Services, Inc. (Frost), the largest independent GAP program provider, have announced a partnership to integrate their auto loan protection products into the CuneXus perpetual loan automation platform.
“We are excited to partner with companies like Frost that are as committed as we are to empowering credit unions and banks with the member-centric tools they need for maximum profitability and optimal member satisfaction,” said Dave Buerger, President & CEO of CuneXus.
Financial institutions can now display Frost auto protection products like GAP, Depreciation Protection and Mechanical Breakdown at the point of sale, enabling borrowers to accept these non-interest income products at the same time they accept their loan terms.
“The CuneXus application-free lending solution helps streamline the offering and sale of non-interest income products and services that can now be displayed and instantly redeemed within a financial institution’s online and mobile banking platforms with each loan offer.” said Phil Markwell, Senior Partner at Frost. “This is a game-changer for customer experience, back-end operations, and the adoption rate of the products and services that we provide.”
CuneXus is focused on data-driven application-free lending solutions that help financial institutions optimize operational efficiency and customer experience. Its pioneering technologies are at the forefront of the transition to a new era of responsible on-demand lending and borrowing. With more than 120 of the nation’s largest credit unions and community banks as clients, CuneXus has generated tens of billions of dollars in consumer loan volume by bringing transparent borrowing experiences to 16 million consumers in every major U.S. market. Among its numerous accolades the company has been recognized as one of just ten startups to watch on KPMG’s global report of “The 50 Best Fintech Innovators.” They were named the winner in the Callahan & Associates 2019 Innovation Series, and named “Top Emerging Technology Company” at the 2019 LendIt Fintech Industry Awards. Visit www.cunexus.com for more information.
Founded in 1972, Frost has the proven experience and expertise to meet the needs of financial institutions of all sizes and currently partners with more than 1150 Credit Unions/Banks nationwide. Since Frost began offering GAP administration services in 1999, it has grown to become the largest independent GAP program provider and is recognized as the gold standard in the financial institution GAP market. For more information on their services, visit www.frostinsure.com or contact Phil Markwell at (888) 753-7678.