Moodys Acquires Numerated to Enhance Lending Solutions

Moody's Corporation has acquired Numerated Growth Technologies, a loan origination platform designed to enhance financial institutions' engagement across the credit lifecycle. This strategic acquisition, building on their prior partnership, aims to integrate Numerated's front office, decision-making, and operational technologies with Moody's expertise in credit assessment, underwriting, and monitoring. By doing so, Moody's leverages Numerated's capabilities in data and artificial intelligence to offer a cohesive, end-to-end loan origination workflow integrated into its Lending Suite. Rob Fauber, Moody's CEO, highlighted the increasing demand from banks for digital transformation and automation to enhance user experiences and operational efficiencies. Numerated, hailed for its data-driven enhancements to bank lending processes, supports a vast array of financial institutions with a combined asset base of $3 trillion, having facilitated over $65 billion in lending for 500,000 businesses. The monetary details of the acquisition remain undisclosed, with no significant impact expected on Moody's 2024 financial results. The transaction demonstrates Moody's strategy to fortify its analytics and risk data solutions across diverse asset classes, empowering customers with robust, data-driven tools. Forward-looking statements accompanying the acquisition reflect risks tied to economic conditions, market volatility, regulatory developments, and geopolitical conflicts, among other factors. Moody's maintains its commitment to evolving its offerings amidst these dynamic market factors.