Numerated Partners with Quantum Financial Technologies
Numerated, a leader in AI-driven commercial lending, has teamed up with Quantum Financial Technologies to expand liquidity solutions for small businesses. This strategic partnership enables banks to approve more customers and lower credit risks, enhancing support for small business growth, especially in situations where traditional lending criteria might not suffice.
Empowering Banks and Small Businesses
By integrating various credit policies from multiple capital sources, Numerated presents the only banking platform that can make real-time loan decisions. This advancement allows financial institutions to provide flexible lending solutions without increasing their risk exposure.
Dan O’Malley, CEO of Numerated, emphasizes, "Partnering with Quantum Financial Technologies allows banks to reach a wider range of small businesses. This collaboration ensures that banks can continue to support their clients while Quantum handles lending services when a bank’s risk appetite may be limited. Our goal is to make sure small businesses have the capital they need for growth, reinforcing their relationships with local banks."
A Growing Ecosystem of Partnership
Quantum is now part of Numerated's extensive network of partners, which includes core systems, data providers, and innovators in credit technology. This collaboration highlights Numerated’s commitment to delivering innovative solutions that meet the diverse requirements of financial institutions and their customers.
Mickey Konson, the CEO of Quantum Financial Technologies, shared his excitement about the partnership, saying, "We are delighted to join forces with Numerated, whose cutting-edge lending solutions align perfectly with our mission. This partnership integrates second-look lending into the workflow, enabling banks to offer alternate financing options to small businesses that might otherwise face rejection. Together, we aim to help banks expand their outreach and serve their communities effectively."
Modernizing Commercial Lending
This collaboration represents a significant step forward in Numerated’s mission to change how commercial lending operates. It provides banks with powerful tools to support small business development, helping them succeed in a competitive landscape.
About Numerated
Numerated utilizes AI technology to change the way financial institutions manage business lending. By harnessing advanced data processing and AI capabilities, their platform streamlines every aspect of the lending process. Having supported over 500,000 businesses and 30,000 lenders, Numerated has facilitated the processing of over $50 billion in loans—an impressive achievement that underscores their leadership in the industry.
About Quantum Financial Technologies
Quantum serves as a comprehensive lender for small and medium-sized businesses, focusing on tailored credit solutions that drive growth. With its independent status and a diverse selection of financing options, Quantum blends technological flexibility with a deep understanding of the financial needs of small businesses, resulting in a customized lending experience.
Frequently Asked Questions
What is the purpose of the partnership between Numerated and Quantum?
The partnership seeks to enhance liquidity options for small businesses, enabling banks to offer more flexible lending solutions through innovative technology.
How does Numerated's platform differ from traditional lending?
Numerated's platform uses AI and data analytics to automate the lending process, providing real-time decisions based on various credit policies.
Who can benefit from the services offered by Numerated and Quantum?
Small businesses looking for financial assistance can benefit, as the partnership allows banks to approve more applicants despite traditional lending barriers.
What is the primary mission of Numerated?
Numerated aims to modernize commercial lending, making it more accessible and efficient for both financial institutions and their customers.
What does Quantum Financial Technologies provide?
Quantum offers a comprehensive array of lending solutions designed specifically for small businesses, focusing on personalized and responsive financial support.
