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CuneXus
United States
19 Jun 2008 (17 Years)
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What are the differences in regulations for each
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A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know CuneXus
Company Information
Get to know CuneXus
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 eliminate the loan application process, granting consumers total transparency into their personal borrowing power and “1-click” access to highly-personalized, pre-approved loans at every banking touchpoint. As of 2019, the company serves a client roster of over 100 U.S. financial institutions, representing over $350 billion in combined assets and over 13 million consumers. The platform averages over $10 million in daily loan requests, and has generated billions in loan volume since its 2014 debut. Among its numerous accolades, CuneXus was recognized on KPMG’s global report of “The 50 Best Fintech Innovators”; was named one of 20 FinTech Forward “Companies to Watch” by American Banker and BAI; won the 2019 Callahan and CreditUnions.com award for “Innovation in Lending”; and was named the “Top Enterprise Technology Company” at the 2019 Lendit Fintech Industry Awards.
Industry
- Financial BankingPRIMARY
- Financial Other Service
- Financial Payment
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