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 and 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.”