JACKSONVILLE, Fla., Dec. 12, 2018 – FIS™ (NYSE: FIS), a global leader in financial services technology, announced today that it has been selected by People’s United Bank to provide a real-time lending solution to further digitize and automate the review-to-closing lending process, helping the bank enhance its relationships with small and midsize businesses (SMB) across industries. The $47 billion Northeast-based regional bank chose the FIS Real-Time Lending solution, based on its partnership with Numerated Growth Technologies, Inc.
Using powerful data analytics technology, the solution will enable People's United to pre-qualify and send personalized loan offers to potential customers. Credit reviews, risk profiling, pricing and loan closing can then all be handled within minutes, delivering a faster, more efficient loan origination process to qualified SMBs.
“We pride ourselves on our ability to provide customers with a unique value proposition though the integration of technology enhanced by our expert bankers,” said Sara Longobardi, senior executive vice president, Retail Banking at People's United Bank. “This new digital business lending solution from FIS and its partner Numerated is the next step in that journey, and reaffirms our commitment to partnering with innovative fintech companies who understand the dynamic needs of our customers.”
“People’s United Bank is known for its focus on providing extraordinary customer service through its extensive network across the Northeast and beyond,” said Bruce Lowthers, chief operating officer, Integrated Financial Solutions at FIS. “This new Real-Time Lending solution will enable the bank to further enhance its services to its business customers by better supporting their lending needs with speed, ease and accuracy.”
FIS and Numerated are partnering to bring real-time lending to financial institutions across the United States by offering rich data integrations and accelerated speed to market. People’s United Bank joins Bremer Bank and a growing number of other leading financial institutions that are taking advantage of the power of FIS Real-Time Lending.
FIS is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, and outsourcing solutions. Through the depth and breadth of our solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 53,000 people worldwide and holds leadership positions in payment processing, financial software and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial world, FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index. For more information about FIS, visit www.fisglobal.com.
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.
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