BOSTON— Newtown Savings Bank announced its partnership with Numerated, an innovative provider of digital business lending solutions, to drive efficiency within the bank’s small business segment.
Through this partnership, Newtown Savings Bank plans to open a new channel for digital engagement for small business owners. This new capability will provide business borrowers with the ability to interact and provide information to the bank through an efficient and easy to use online experience.
“We are excited to partner with Numerated,” said Tricia Cauwels, First Vice President, Retail Sales Manager at Newtown Savings Bank. “In introducing this technology, we can streamline the lending process for busy small business owners and empower them to take the first step in accessing capital to grow their business. It improves our efficiency and effectively gathers information that allows us to better meet the needs of our customers while still maintaining the personalization they’ve come to expect from a community bank.”
Numerated’s modern lending solution was purpose-built by banking and FinTech veterans to help solve for the complexities that exist today in business lending. Numerated has helped over 100 financial institutions lend to small businesses owners more efficiently, so they can have fast access to capital when they need it most.
“Today, ensuring your business customers have the most efficient experiences is key for those financial institutions looking to grow in this segment,” said Numerated co-founder and CEO Dan O’Malley. “Newtown Savings Bank understands this and is proving to be an innovator in community banking through its dedication to revitalizing the customer experience for business borrowers.”
Learn more about how banks and credit unions are transforming the future of small business lending with Numerated, here.
About Newtown Savings Bank
Newtown Savings Bank is a community bank headquartered in Newtown, Connecticut, with over $1.9 billion in assets. Named “Best Small Bank in Connecticut” by Newsweek for 2023, the Bank is deeply invested in the customers and communities it has served since 1855. The Bank has 15 branches in Newtown, Bethel, Bridgeport, Brookfield, Danbury, Monroe, Oxford, Shelton, Southbury, Trumbull, and Woodbury, along with the New Haven Regional Lending Center in Hamden, CT. For more information and location details visit NSBonline.com or call 800.461.0672.
Newtown Savings Bank
Numerated transforms the way financial institutions lend to businesses. Banks and credit unions use Numerated’s modern business lending solutions to exceed businesses’ expectations for digital convenience while driving significant gains in efficiency. The platform uses data to streamline originations and underwriting for any business banking product, from application to decision to close. More than 400,000 businesses and 30,000 financial institution associates have leveraged the platform to process over $50 billion in lending, making Numerated the fastest growing fintech SaaS company on the 2022 Inc. 5,000.