Numerated Partners with Validis to Expand Footprint in Lending and Financial Analysis
31 Julio 2024 - 6:05AM
Business Wire
Numerated, a leading fintech providing modular commercial
lending solutions, is excited to announce a strategic partnership
with on-demand accounting data provider Validis. This collaboration
will provide lenders with the same intuitive experience now with
expanded data sets, stronger financial analysis capabilities and
the highest quality credit decisions.
Key Highlights of the Partnership:
- Enhanced Risk Mitigation: The partnership will
significantly expand Numerated's data coverage, enabling more
comprehensive and accurate financial analysis and risk
mitigation.
- Advanced Analytics: With more granular data comes
opportunities for more complex analytics along with generative AI
applications.
- Granular Data for Complex Commercial Lending Decisions:
Expanded data sets will support asset-based lending as well as
improve decisioning for small-dollar scored loans and larger, fully
underwritten loans alike.
Michael Turner, CEO of Validis affirms the importance of the
partnership, “Together, Numerated and Validis are providing the
granular data that financial institutions need to make accurate
credit decisions. Having these two best-in-class providers work
together makes it easier for lenders to speed up decisions while
reducing credit risk.”
“We are constantly looking to innovate and provide our clients
with the best experience and data available. As we incorporate the
power of GenAI into our financial analysis products, the
integration of Validis data marks an incredible leap forward in
providing the highest quality credit decisions in the market,”
remarked Dan O’Malley, CEO of Numerated.
The integration of Validis’s data sharing technology with
Numerated's platform will be rolled out in phases, with initial
implementation in 2024 and full implementation in early 2025. This
phased approach ensures a seamless transition for customers and
maximizes the benefits of the new capabilities.
To learn more about how Numerated is transforming business
lending, visit www.numerated.com.
About Numerated: Numerated transforms the way financial
institutions lend to businesses, making the process faster and
easier. Banks and credit unions of all sizes leverage Numerated’s
digital business lending solutions to exceed borrower expectations
for convenience while driving significant gains in efficiency. The
platform uses data to streamline originations and underwriting for
business lending, from application to close. More than 500,000
businesses and 30,000 financial institution associates have
leveraged the platform to process over $50 billion in lending,
making Numerated the fastest-growing fintech SaaS company on the
2022 Inc. 5,000.
About Validis: Validis is a group of passionate data
people on a mission to connect financial data. We work with Lenders
to help them connect to their customers' accounting packages. With
Validis, Lenders work faster and smarter, benefiting from instant
access to detailed financial data including AR/AP subledgers and
full GL transaction details. Our customers unlock significant
efficiencies, save money, and get accurate insight from live, fully
standardized, granular data. This powers faster and better
lending.
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version on businesswire.com: https://www.businesswire.com/news/home/20240731861878/en/
Numerated Haleigh Dhaou Haleigh@williammills.com
Validis Lauren Muir Lauren.Muir@validis.com