CuneXus, which claims to be the first digital storefront for financial institutions’ account holders, has announced a real-time, credit monitoring tool that’s available for financial institutions and end-users who may be embedded within the CuneXus storefront.
The solution provides financial institutions the ability to show multi-bureau information and credit scores, enabling clients to monitor and compare their credit ratings and allows financial institutions to provide them the best loan options and greatest approval chances.
The latest addition to the CuneXus tech offers financial institutions’ account holders with a more seamless digital experience by showing their credit scores within their CuneXus storefront, thus eliminating the requirement to monitor them anywhere elsewhere.
Additionally, the tool provides end-users with greater control and visibility over their financial health by offering suggestions for future financial decisions based on real-time credit scores.
In addition to these capabilities, the credit monitoring tool serves as an identity theft alert system, alerting/informing users whether any changes have been made to their credit scores and recommending steps or actions to correct issues.
Dave Buerger, Co-founder and President of CuneXus, stated:
“We are very excited to enter the financial wellness market with our new credit monitoring solution. CuneXus has traditionally provided unparalleled transparency into consumers’ borrowing power through a perpetual pre-approval. Our new product, which provides a transparent view into credit health, is a natural addition to our storefront. With the help of simulators, our tool helps customers understand their financial standings and suggests the best course of action based on their real-time credit scores. Unlike other credit monitoring solutions on the market that encourage more debt, our new solution helps consumers make informed financial decisions for their futures.”
Founded by a group of seasoned credit union professionals, CuneXus is privately held with head office in Santa Rosa, California. The firm develops innovative software-based solutions to aid credit unions and banking institutions in “maximizing the potential of valuable customer relationships, while remaining on the forefront of the transition to a new era of data-driven, on-demand lending and borrowing.”