Bremer Bank has announced that it will be partnering with Numerated to launch an automated lending platform.
The US-based bank will become the third bank with more than $10bn in assets to partner with Numerated since the latter was founded in 2017.
Numerated’s lending platform will offer Bremer a data-driven, credit decisioning engine and intelligent routing capabilities that tailor the underwriting process in real-time, including support of loans and lines of credit.
Keith Ahrendt, chief credit officer at Bremer Bank, said that it continuously looked for ways to enhance its relationships with small business customers who were looking for more convenient ways to simplify their banking needs.
“We chose Numerated to transform the lending experience for our customers, and look forward to implementing this solution.
“The end-to-end solution will allow us to continue to develop and deepen customer relationships, while increasing convenience, transparency and speed that a digital solution provides.”
Dan O’Malley, founder and CEO at Numerated, added: “Bremer Bank has a strong reputation in the business community, with a commitment to providing their customers with innovative products and services.
“Numerated’s platform will continue to build on this reputation and we look forward to working alongside Bremer to help with expanding market share.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Gatehouse Bank closes £100m of commercial property finance
Gatehouse Bank’s commercial real estate team has completed £100m of finance for the first time this year...
Revolut granted European banking licence
Revolut has announced that it has secured its European banking licence...
Starling hires head of SME banking
Starling Bank has announced the appointment of Stuart Doignie as its head of SME banking...
Local brewery secures backing from Development Bank of Wales
The Development Bank of Wales has part-funded a £134,000 capital investment project by Wild Horse Brewing Company...
Metro Bank adds international payments to mobile app
Metro Bank has enhanced its mobile app with the introduction of international payments for its personal and business customers...
How digital technology can help high street banks innovate
As society moves more and more towards a digital future, the closure of retail bank and building society branches is anticipated to accelerate...
Mortgage Industry Collective releases charity single
A group of mortgage professionals have collaborated to release a Christmas charity single to raise money for End Youth Homelessness...
City of London Group appoints first NED for Recognise
City of London Group PLC (COLG) has named Simon Wainwright (pictured above) as the first non-executive director for its subsidiary Recognise Financial Services...
BBB names network director for North and Midlands
The British Business Bank (BBB) has appointed Geoff Whiteland as its new UK network director for the North of England and the Midlands...
Wyelands Bank completes ABL deal for stainless steel supplier
Wyelands Bank has completed a seven-figure, asset-based lending deal for AD Bird Stainless Limited...
Axis Bank names new MD and CEO
Axis Bank Ltd has announced that Shri Amitabh Chaudhry will become its new CEO and managing director...