Numerated, the financial technology company offering a real-time lending platform that drives growth for banks, announced today that $4.0-billion Horizon Bank has completed implementation of its platform and launched an online lending product called “InstaCap” for business loans up to $100,000.
Horizon Bank has made significant investments enhancing its digital offerings. As part of its strategic growth plan, the Bank sought to offer a more convenient, automated and cost effective way for businesses to secure a loan or line of credit online, without sacrificing the complexity and oversight required by the Bank’s credit policies. Horizon Bank selected Numerated’s real-time lending platform to meet these needs.
Today, Horizon Bank’s business customers can apply and be funded for a loan online, anywhere and anytime, in a matter of minutes.
“We chose Numerated’s real-time lending platform for the configurability and control it offers, allowing us to drive growth with confidence,” shared Scott Kosik, Vice President and Senior Digital Banking Officer at Horizon Bank. “We are excited to offer a real-time lending experience to businesses, and are already benefiting from growth and more profitable lending operations. Most importantly, our customers have been thrilled with the speed, convenience and simplicity the real-time lending platform provides.”
Numerated’s real-time lending platform features a dynamic, data-driven credit decisioning engine and intelligent routing capabilities, enabling Horizon Bank to offer a differentiated online lending experience without sacrificing the complexity and oversight required by their credit policies. In addition, Numerated’s marketing automation capabilities empower Horizon Bank’s sales and marketing teams to drive continuous growth.
“With the launch of their real-time lending experience, Horizon Bank is enjoying meaningful differentiation in the business communities in Indiana and Michigan,” shared Dan O’Malley, Founder and CEO of Numerated. “We look forward to extending our platform’s functionality to help the Bank accelerate future growth.”
Today, regional banks face increased competition from alternative lenders, third-party funding sources, and mega banks. In addition, both their current customers and a new generation of business owners are demanding more convenient financial services. Numerated’s platform was designed to help banks avert this competition, attract digital-first customers, and increase the profitability of their lending operations.
To learn how Numerated can help accelerate bank growth, contact email@example.com.
Numerated’s real-time lending and marketing automation drives profitable growth for banks. The platform offers robust configuration features for credit policy digitization, a compelling real-time lending experience, and automation of direct and digital marketing to drive ongoing customer acquisition at scale.
Numerated was developed in 2015 within and for Eastern Bank. After meaningful impact on Eastern’s lending portfolio and with great interest from other banks, the technology was spun-out in 2017 as an independent company, Numerated. Over $100M in lending has already been executed through Numerated’s platform.
About Horizon Bank
Horizon Bancorp is an independent, commercial bank holding company serving northern and central Indiana, southern and central Michigan through its commercial banking subsidiary Horizon Bank. Horizon also offers mortgage-banking services throughout the Midwest. Horizon may be reached online at www.horizonbank.com. Its common stock is traded on the NASDAQ Global Select Market under the symbol HBNC.