Moody’s in New York has acquired loan-origination platform Numerated Growth Technologies for an undisclosed amount.
Moody’s said in a press release that the acquisition builds on a partnership announced in January that integrated Numerated’s front office, decisioning and loan operation technologies with Moody’s credit assessment, underwriting and monitoring expertise.
Numerated, which uses data and artificial intelligence to streamline the lending process, will be integrated into Moody’s Lending Suite.
“As our banking customers undergo digital transformation programs to enhance their user experience, automate processes, and provide their front office functions with more data, they’re looking for a credible end-to-end lending solution,” Rob Fauber, Moody’s president and CEO, said in the release.
“By bringing Numerated and its technology and expertise in-house, we’ll accelerate our Lending Suite capabilities to equip customers across asset classes with more of our industry-leading risk data and analytical solutions,” Fauber added.