Collaboration enhances lenders’ electronic compliance documentation, credit valuation experience
MINNEAPOLIS--(BUSINESS WIRE)--Wolters Kluwer has partnered with Numerated, a financial technology company powering the digital transformation of business lending at banks, to enhance the compliance documentation and credit decisioning experience for banks. The partnership combines Numerated’s automated, credit decisioning capabilities with Wolters Kluwer industry-leading, comprehensive library of over 20,000 regulatory compliance lending documents—including E-Forms—to deliver a faster, more efficient, and cost-effective digital lending experience for banking customers.
Wolters Kluwer’s E-Forms enable lenders to streamline their documentation processes, help ensure compliance with all regulatory requirements, maximize productivity of internal resources, and reduce turnaround times, all via a single, trusted document library. Its multiple technology formats are designed to meet varying platform system requirements, and its ongoing updates allow lenders to respond to legal and regulatory changes quickly to keep them in compliance.
“Wolters Kluwer’s unparalleled industry expertise has long established them as a clear leader in compliance documentation, making them a natural partner for us,” said Dan O’Malley, founder and CEO of Numerated.
Numerated arms banks with real-time lending and banker-integrated sales and marketing tools to drive profitable business loan portfolio growth. Its online platform automates the credit policy decisioning of business loans, offers a fast and convenient digital lending experience, and provides marketing and sales tools to target eligible businesses.
“Numerated offers a real-time lending experience to businesses, and many of their clients are already benefiting from business growth and more profitable lending operations,” said Art Tyszka, Vice President, Partnerships and New Products for Compliance Solutions, a business in Wolters Kluwer’s Governance, Risk & Compliance division. “Our partnership with Numerated is an important part of our mission to help ensure banks meet their regulatory compliance obligations, while helping expand our presence in the marketplace.”
About Wolters Kluwer Governance, Risk & Compliance
Governance, Risk & Compliance (GRC) is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. GRC offers a portfolio of technology-enabled expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.
Wolters Kluwer N.V. (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2017 annual revenues of €4.4 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.
Numerated powers the digital transformation of business lending at banks. Numerated's end-to-end platform profitably grows business portfolios through a powerful combination of real-time lending customer experience, automated credit decisioning, and modern marketing and sales tools that attract and win businesses. Numerated was developed in 2015 within and for Eastern Bank, and was spun-out as an independent company in 2017 after meaningfully growing its business loan portfolio. To learn more, visit www.numerated.com.