Small business lending in 2024 is undergoing transformative shifts, driven by rising economic challenges, changing borrower expectations, and rapid digital innovation. Is your institution ready? Explore how AI, digital platforms, and new credit assessment models are reshaping the lending landscape and helping banks meet the growing demand for capital. Read our latest insights on what’s next for small business lending: https://lnkd.in/e4R5xhn7 #SmallBusinessLending #Fintech #DigitalBanking #AI #BusinessGrowth
Numerated
Software Development
Boston, Massachusetts 17,826 followers
Making business lending and account opening fast, easy and profitable for financial institutions.
About us
Numerated is the fast-growing fintech making business lending easy and profitable. Banks and credit unions leverage Numerated’s digital lending platform to meet business expectations and demand for digital convenience and to bring efficiency gains to their internal teams. The platform is unique in its use of data to streamline the origination of any business banking product, from application to decision to close. More than 400,000 businesses and 30,000 financial institution associates have used Numerated to process $50 billion in lending. Financial institutions with a combined $1 trillion in assets use Numerated, including Bremer Bank, Dollar Bank, Eastern Bank, MidFirst Bank, Five Star Bank, WestBAnco and more. The company has been recognized as one of the Top 250 FinTechs by CB Insights and 2022’s Best Overall Business Lending Company by FinTech Breakthrough.
- Website
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https://numerated.com
External link for Numerated
- Industry
- Software Development
- Company size
- 51-200 employees
- Headquarters
- Boston, Massachusetts
- Type
- Privately Held
- Founded
- 2017
- Specialties
- Financial Technology, Banking, Lending, Real-Time Lending, FinTech, Online Lending, Lending Automation, and Loan Origination
Locations
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Primary
141 Tremont St
Suite 600
Boston, Massachusetts 02111, US
Employees at Numerated
Updates
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The credit gap for underserved small businesses continues to be a challenge. But with innovative AI-driven lending models and partnerships between banks and fintechs, lenders can address this gap and open up new opportunities for minority-owned and rural businesses. Learn how data-driven insights are transforming credit access and what’s next in small business lending in 2024. Full article here: https://lnkd.in/e4R5xhn7 #SmallBusinessGrowth #FinancialInclusion #AIInBanking #FintechCollaborations #SMBLending
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AI and machine learning are transforming the way banks assess risk and make lending decisions, especially for small businesses. With faster, more accurate underwriting, lenders can better serve their customers and adapt to an uncertain economy. Discover how AI is shaping the future of small business lending in our latest article: https://lnkd.in/e4R5xhn7 #AIInBanking #MachineLearning #Fintech #BusinessLending #Innovation
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FinTech Global covers the Moody's acquisition, saying "Moody's Corporation is a respected entity in the financial services sector, known for its deep credit expertise and comprehensive analytical tools. On the other hand, Numerated Growth Technologies leverages artificial intelligence to refine lending processes, helping banks improve application accuracy, decision-making speed, and overall customer satisfaction." See Full article Here: https://lnkd.in/eg6fRgNe
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✨ A New Era of Commercial Lending Innovation Last week, we announced Moody's acquisition of Numerated, and the excitement hasn’t slowed down! We’re honored to be featured in the Boston Business Journal —a testament to our journey from a Boston-based startup to a global fintech innovator. Read the full story here: https://lnkd.in/evfGpS3a Our roots in Boston have shaped who we are, and it’s incredibly gratifying to see our solutions making a global impact. As part of Moody's, we’re excited to bring even more innovation, insight, and efficiency to the world of commercial lending. Thank you to our customers, partners, and team for being part of this journey. Together, we’re shaping the future of lending. #BostonFinTech #CommercialLending #FinTech #Partnership
Moody's buys Boston fintech firm - Boston Business Journal
bizjournals.com
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Small businesses drive our economy, yet many are turned away from traditional financing. Second-look lending offers financial institutions a strategic way to support these businesses while expanding their own portfolio. Learn more in our latest blog. https://lnkd.in/eB4ZH5dh #BusinessLending #SecondLook #SmallBusinessGrowth #EconomicDevelopment #Numerated
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🎉We’re proud to share that Numerated has been acquired by Moody's! 🚀An evolution of our successful partnership, we’re excited to show the world how we deliver a powerful loan origination and monitoring platform differentiated by market-leading credit insights and specialized capabilities for every step in the lending journey and every asset class. 👉Learn more here: https://lnkd.in/eEexFcMK.
Our customers are at the center of everything we do – and we’re committed to providing the right solutions and insights to make well-informed, quick decisions. That’s why we’re excited to announce the acquisition of Numerated, which will expand our lending capabilities across the credit lifecycle. The combination of Numerated’s front office, decisioning, and loan operation technologies with Moody’s credit assessment, underwriting, and monitoring capabilities provides the market with a richer and more robust loan origination system that meets the evolving needs of our banking customers. For more on the acquisition, please read our press release, which also contains information regarding forward-looking statements: https://mdy.link/3Zg6UWL
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Small business borrowers are increasingly choosing digital lending platforms to meet their financing needs. The speed and convenience they offer are reshaping the future of small business lending. Is your institution ready for this shift? Explore how digital lending is transforming the landscape and what it means for both lenders and borrowers in 2024: https://lnkd.in/e4R5xhn7 #DigitalLending #Fintech #CustomerExperience #SMBLending #BankingInnovation
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The demand for small business credit is on the rise, even as economic uncertainty looms. Lenders must find innovative ways to meet this growing need while managing risk. How can financial institutions strike that balance? Learn more in our latest article on the evolving small business lending landscape: https://lnkd.in/e4R5xhn7 #SmallBusinessLending #Banking #BusinessGrowth #RiskManagement #AIInLending
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As fraud attempts escalate, innovative solutions are essential for financial institutions to protect their assets. According to Alloy's 2024 State of Fraud Benchmark Report, a remarkable 92% of institutions leveraging automated identity verification have seen a decrease in fraud incidents. This powerful statistic underscores the importance of integrating advanced technology into lending processes. At Numerated, our partnership with Alloy enables banks to streamline identity verification and make faster, more secure lending decisions. Learn more about how we're transforming fraud prevention in commercial lending in our latest blog article! https://lnkd.in/ghgHMSiw #FraudPrevention #IdentityVerification #CommercialLending #FintechInnovation