Moody’s has acquired Numerated Growth Technologies, a FinTech firm specialising in loan origination for financial institutions.
This acquisition is set to expand Moody’s offerings across the credit lifecycle by enhancing its Lending Suite with advanced loan origination and monitoring capabilities.
The acquisition was motivated by the need to provide banking customers with a comprehensive lending solution that supports their digital transformation efforts. By integrating Numerated’s technology, Moody’s aims to deliver a seamless workflow for loan origination, from initial inquiry to final approval and monitoring, enhancing both efficiency and data integrity in lending processes.
Moody’s Corporation is a respected entity in the financial services sector, known for its deep credit expertise and comprehensive analytical tools. On the other hand, Numerated Growth Technologies leverages artificial intelligence to refine lending processes, helping banks improve application accuracy, decision-making speed, and overall customer satisfaction.
The deal builds upon a partnership initiated in January 2024 between the two companies, where Numerated’s technologies were aligned with Moody’s analytical and assessment tools to better serve the needs of financial institutions. Numerated will now be fully integrated into Moody’s Lending Suite.
The transaction’s financial terms were not disclosed, and it is not anticipated to significantly affect Moody’s financial outcomes for 2024.
Numerated is instrumental in processing loans for over 500,000 businesses and 30,000 financial institution associates, managing a portfolio of loans that exceeds $65bn. The platform is utilised by institutions managing assets totaling approximately $3 trillion.
Moody’s President and CEO, Rob Fauber, expressed the strategic value of the acquisition, stating, “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.
“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.”
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