Numerated Partners with Validis to Elevate Commercial Lending with Advanced Data Integration
Slice of Finance Team
08/10/2024
Key Highlights:
- Enhanced Risk Mitigation: Expanded data coverage leads to more comprehensive financial analysis and risk mitigation.
- Advanced Analytics: Integration supports complex analytics and generative AI applications.
- Granular Data for Lending: Data supports asset-based lending, small-dollar loans, and larger underwritten loans.
Source (Business Wire)
Quotes
“ “Together, Numerated and Validis are providing the granular data that financial institutions need to make accurate credit decisions. Having these two best-in-class providers work together makes it easier for lenders to speed up decisions while reducing credit risk.” ”
Michael Turner, CEO at Validis
Our Take:
This strategic partnership between Numerated and Validis is a significant development in the fintech space, particularly for commercial lending. By combining Numerated's robust lending platform with Validis’s advanced data-sharing technology, financial institutions will benefit from enhanced analytics, improved risk mitigation, and more accurate credit decisions. This collaboration not only underscores the importance of data in financial services but also sets a new standard for innovation in the industry. With the integration of generative AI, this partnership is poised to drive substantial efficiencies and offer superior value to lenders and borrowers alike.
