SANTA ROSA, Calif., April 23, 2019 (GLOBE NEWSWIRE) -- CuneXus, a data-driven lending and marketing automation pioneer, and Connect Financial Software Solutions, a Credit Union Service Organization (CUSO) providing advanced enterprise digital banking services, have announced a partnership to offer the CuneXus perpetual loan automation platform to Connect’s credit union clients. The partnership enables Connect’s institutions to boost loan volumes and member engagement across all touchpoints, including mobile and online banking, by delivering a hassle-free, “one-click” lending experience to members.
“We are excited to partner with a company like Connect that is as committed as we are to empowering credit unions with the member-centric tools they need for maximum profitability and optimal member satisfaction,” said Dave Buerger, president & CEO of CuneXus. “This partnership will allow credit unions to expand their loan options while offering unique value to members in an increasingly crowded marketplace.”
Connect’s credit union clients will now be able to provide their more than one million members with perpetual access to pre-approved loans across multiple product lines and through every channel. The benefits for financial institutions include:
- Eliminating loan applications
- Increasing loan volume
- Reducing operating costs
- Reducing loan processing time
- Increasing profitability
- Leveraging every touchpoint
“Adding an instant loan activation solution to our suite of digital banking products means our credit union partners can now deliver personalized lending offers whenever and wherever their members want them,” said Grant Parry, president of Connect. “This 24/7/365 access eliminates the two biggest obstacles to loan acquisition – applications and waiting – and hits that critical sweet spot for credit unions of superior member experience and lower-cost, higher-profit loan sales.”
Having recently signed its 100th financial institution, with 27 new clients added in 2018, CuneXus expects to announce several additional partnerships in the coming months.
About CuneXus
CuneXus is focused on data-driven 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. CuneXus serves many of the nation’s largest credit unions and community banks and has generated billions of dollars in consumer loan volume. The company was named one of just 10 startups to watch on KPMG’s global report of “The 50 Best Fintech Innovators”; was selected to participate in Silicon Valley’s renowned Plug & Play Fintech accelerator; was named one of 20 FinTech Forward “Companies to Watch in 2017” by American Banker and BAI; and recognized by LendIt Fintech as the Top Emerging Technology Company in 2019. Visit the CuneXus website for more information: http://cunexus.com/.
About Connect
Connect is a CUSO providing advanced enterprise digital banking services, including account access, advanced payments, account opening, custom lending workflows, electronic document management, card controls and deep core system integration via KeyBridge. Connect’s theming technology allows CUs to provide channel consistency and to differentiate their digital banking experience like never before. For more information, visit www.connectfss.com.