Moody’s Analytics, a subsidiary of Moody’s, and fintech Numerated are partnering to deliver artificial intelligence (AI)-driven, commercial end-to-end loan origination system.
The collaboration will expand the end-to-end capabilities of Moody’s Analytics Lending Suite across all commercial and small business asset classes.
According to the parties, the Lending Suite brings together Moody’s Analytics’ data, analytics, and credit assessment capabilities and Numerated’s user experience and automation to offer a unified, strong solution for origination and portfolio management.
The Lending Suite provides an improved digital and automated loan process, from application to closing and through portfolio management. It enhances data integrity and operational efficiency.
Besides, the Lending Suite Front Office solution deploys digital and dynamic loan applications with data that is pre-filled, guided workflows, secure document collection and a communication channel to simplify borrower and lender experiences.
Moody’s Analytics banking solutions general manager Jacob Grotta said: “Combining Moody’s Analytics investment in AI, technology and credit risk management expertise with Numerated’s front office, process, and loan operations automation brings a new level of efficiency to our customers.
“We’re excited to deliver our clients a seamless and innovative end-to-end loan origination solution with a better user experience.”
Founded in 2017, Numerated focuses on utilising data, automation, and AI to transform commercial lending. The firm leverages data to streamline originations and underwriting for business lending.
Numerated CEO Dan O’Malley said: “Numerated is thrilled to partner with a company known for its excellence in credit risk management, underwriting and loan monitoring like Moody’s Analytics.
“Their integrated data and analysis are unparalleled in the industry, and their shared vision of providing an incredible user experience to their clients resonates. We cannot wait to transform commercial lending by their side, removing manual work where possible and delivering exceptional analysis and process.”
