Moody's Expands Lending Suite With Numerated Growth Acquisition [Yahoo! Finance]
Moody's Corporation (MCO)
Last moody's corporation earnings: 4/30 07:00 am
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Source: Yahoo! Finance
This strategic move enhances Moody's Lending Suite, delivering a robust end-to-end loan origination and monitoring solution for banking clients. Numerated's technology, powered by artificial intelligence and data analytics, streamlines the loan application, decision-making and closing processes. Its platform has facilitated more than $65 billion in lending for over 500,000 businesses, backed by financial institutions managing a combined $3 trillion in assets. The transaction terms remain undisclosed, but Moody's confirmed no material impact on its 2024 financial performance. This acquisition builds on a partnership initiated in January 2024, in which Numerated's technologies were integrated with Moody's expertise in credit assessment and underwriting. The collaboration offered clients a unified platform for front office, decisioning and loan operation tasks, a functionality now set to expand further. “As banks drive digital transformation to enhance user experiences and automa
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MCO
Earnings
- 10/22/24 - Beat
MCO
Sec Filings
- 11/18/24 - Form 4
- 11/15/24 - Form 144
- 11/12/24 - Form 4
- MCO's page on the SEC website