Numerated Partners with Quantum Financial to Boost Lending Options
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Numerated Partners with Quantum Financial Technologies
Numerated, a leader in AI-driven commercial lending, has joined forces with Quantum Financial Technologies to broaden liquidity solutions for small businesses. This strategic alliance allows banks to approve more customers and reduce credit risks, thereby enhancing support for small business growth, especially when traditional lending criteria may falter.
Empowering Banks and Small Businesses
By integrating multiple credit policies from various capital sources, Numerated offers the only banking platform capable of real-time loan decisioning. This innovation enables financial institutions to provide flexible lending solutions without elevating their risk exposure.
As Dan O’Malley, CEO of Numerated, explains, "Partnering with Quantum Financial Technologies empowers banks to serve an extended range of small businesses. This cooperation ensures banks can continue nurturing their clients while Quantum manages lending services in cases where a bank's risk appetite may be limited. Our aim is to ensure that small businesses gain the necessary capital for growth, strengthening ties with their local banks."
A Growing Ecosystem of Partnership
Quantum becomes part of Numerated's expansive network of partners that include core systems, data providers, and credit technology innovators. This collaboration underscores Numerated’s dedication to delivering pioneering solutions that cater to the various needs of financial institutions and their clientele.
Mickey Konson, the CEO of Quantum Financial Technologies, expressed enthusiasm for this partnership, stating, "We are thrilled to align with Numerated, whose modern lending solutions are in perfect harmony with our mission. This partnership seamlessly incorporates second-look lending into the process, allowing banks to provide alternate financing options to small businesses that may face rejection otherwise. Together, we aim to help banks widen their outreach and serve their neighborhoods effectively."
Modernizing Commercial Lending
This collaboration signifies substantial progress in Numerated’s mission to revolutionize commercial lending. It equips banks with a robust tool for fostering small business development, thereby helping them thrive amid competition.
About Numerated
Numerated leverages AI technology to transform how financial institutions engage with business lending. By utilizing advanced data processing and AI capabilities, their platform streamlines every aspect of the lending process. With a track record of serving over 500,000 businesses and 30,000 lenders, Numerated has facilitated the processing of over $50 billion in loans—an impressive feat demonstrating their industry leadership.
About Quantum Financial Technologies
Quantum stands as a full-spectrum lender for small and medium-sized businesses, committed to offering customized credit solutions that fuel growth. With its independent status and a wide array of financing options, Quantum combines technological flexibility with a profound understanding of small businesses' financial needs, thus providing a tailored lending experience.
Frequently Asked Questions
What is the purpose of the partnership between Numerated and Quantum?
The partnership aims to enhance liquidity options for small businesses by allowing banks to offer more flexible lending solutions through innovative technology.
How does Numerated's platform differ from traditional lending?
Numerated's platform leverages AI and data analytics to automate the lending process, providing real-time decisioning based on multiple credit policies.
Who can benefit from the services offered by Numerated and Quantum?
Small businesses seeking financial support can benefit, as the partnership enables banks to approve more applicants despite traditional lending limitations.
What is the primary mission of Numerated?
Numerated aims to modernize commercial lending, making it more accessible and efficient for financial institutions and their customers.
What does Quantum Financial Technologies provide?
Quantum offers comprehensive lending solutions specifically designed for small businesses, focusing on personalized and responsive financial support.
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