CUNA Mutual Group expands digital capabilities with acquisition of CuneXus

CUNA Mutual Group has announced that it is expanding its digital capabilities with the acquisition of CuneXus.

CuneXus is a start-up firm that provides financial institutions an all-in-one digital lending platform, offering consumers a personalized online and mobile lending experience. CUNA Mutual Group became an early-stage investor in CuneXus through its venture capital entity, CMFG Ventures, LLC, in January 2017, according to a CUNA Mutual Group press release.

The CuneXus platform provides a seamless lending experience across touchpoints, from targeted email and postal mail loan offers, through online and mobile banking access to branch and call center customer support, according to the press release. Its digital platform enables financial institutions to offer pre-approved, “click-to-accept” consumer loans to customers where and when they need them.

“We are continuing our journey into a more diverse, digital-first world,” said Robert Trunzo, CUNA Mutual Group’s president/CEO. “Our company is committed to using technology to enhance consumers’ access to financial solutions that work for them and create a more equitable financial system and society.”

The CuneXus website can be accessed by clicking here.

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