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Numerated expands its digital front end for business banking

Boston based software startup Numerated announced an expansion of its platform to support small-business banking offerings. The development provides banks with pre-filled digital applications across business banking products, and digital lending and account opening solutions to streamline decisioning. The expansion suite supports both self-service and banker-led origination.

“Businesses have been demanding an easier way to purchase financial products from banks. Our unique data capabilities allow banks to create the fastest, simplest, and most efficient digital lending and account opening experiences in the market. Top business banks have asked us to be a digital front end for all their business banking products, and we’re partnering with them to make this vision a reality,” said Dan O’Malley, CEO of Numerated.

With the advancements in the platform, the company will provide digital buying experiences for deposit accounts, commercial real estate, credit cards, overdraft protection, working capital lines, equipment loans, and renewals.

“The future of banking is all about providing our customers with a unique value proposition through personalization, speed, and the integration of technology, enhanced by our expert bankers. The platform provided by Numerated is the next step in that journey. With more than 400,000 small businesses across the Northeast, we are excited about this platform’s ability, coupled with our focus on relationships and digital solutions, to help business owners build their businesses,” said Ravi Vakacherla, EVP, Head of Banking Operations and Product Management at People’s United Bank.

Founded in 2017, Numerated provides digital lending and sales platform, which aids banks in creating digital applications, digital account opening, and digital lending experiences with data integrations.

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