How they describe themselves: CUneXus was founded by financial services veterans determined to transform consumer lending by making it simple for lenders to deliver the personalized, mobile, always-on customer experience consumers have come to expect, while helping institutions grow loan volume and revenue by being with their customers as they shop. Our cplXpress lending automation platform enables lenders to provide their customers with “perpetual loan approval.” This unique and timely solution utilizes advanced data analysis to completely bypass the loan application process, granting consumers ongoing insight into their personal borrowing power and “1-click” access to highly-personalized, pre-approved loans at every banking touchpoint.
How they describe their product/innovation: CUneXus recently partnered with Edmunds.com and set out to develop a revolutionary online and mobile auto purchasing solution. AutoXpress eliminates the uncertainties and frustrations of the traditional car buying experience, allowing pre-approved customers to shop local auto dealership inventory from within their bank or credit union’s existing online and mobile banking apps. Now, when customers see their pre-approved auto loan offer, they’ll also have access to vehicle listings with guaranteed pre-negotiated pricing. When they’ve found the perfect vehicle, they can submit a purchase request with a few quick taps. Lender-approved and dealer-guaranteed. No haggling. No loan applications. Auto purchasing made easy – the way it ought to be!
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms, licensed