Numerated’s award-winning, modern loan origination system will power PCSB’s Express Loans for Businesses, making borrowing faster and easier at the community institution
BOSTON—Numerated, the fintech helping financial institutions transform how they lend to businesses, has been selected by PCSB Bank to provide fast, easy, efficient, and digital business loans to their customers in the Lower Hudson Valley region of New York.
Headquartered in Yorktown Heights, PCSB is a $1.87B, New York-chartered stock commercial bank that has served its community since 1871. The institution’s 14 branches serve businesses throughout New York’s Dutchess, Putnam, Rockland, and Westchester Counties.
Through Numerated’s loan origination system, PCSB business customers can now leverage an easy and efficient digital experience to borrow anywhere from $15,000 to $150,000 to satisfy a wide variety of needs such as financing equipment, working capital, and payroll.
“As an institution that always puts customers first, we are committed to investing in new technology,” said Dominick Petramale, PCSB Bank’s senior vice president and retail banking officer. “Numerated’s platform provides the convenience of an enhanced digital commercial lending experience while still offering the personal service that our customers value.”
Numerated is a modern loan origination system that transforms the way financial institutions lend to businesses. The platform pulls in data at each stage of origination, saving time for lenders and customers. Efficiencies include pre-filling applications, automating spreading, aggregating data and scoring applications, and fully automating the preparation of document packages. As the fastest-growing private company in Boston, according to Inc. Magazine and the Boston Business Journal, Numerated has processed more than $50B in loans to nearly half-a-million American businesses.
“PCSB understands winning in business banking means meeting borrowers' expectations of digital convenience, while continuing to provide the kind of high-level, white-glove customer service that business owners need from a community institution,” said Numerated Co-Founder and CEO Dan O’Malley. “More and more institutions are choosing to partner with Numerated to strike that very important balance, and we’re excited to be chosen as PCSB’s partner in that endeavor.”
Numerated’s modern LOS helps borrowers secure approval for business loans, lines of credit, and deposit accounts in minutes rather than days. The fintech has helped over 140 banks and credit unions transform business banking at their institutions through the use of Numerated's unique technology and playbooks for success in business lending. The award-winning platform is fast and easy to implement, learn, and use, with more than 30,000 financial institution associates having leveraged the platform, to date.
“With Numerated’s loan origination system, we can offer new opportunities for businesses to grow and thrive—while also benefiting the Lower Hudson Valley region through overall economic expansion,” said Michael Goldrick, PCSB’s executive VP and chief lending officer. “It is a win for the owners, their customers and employees, and the communities we serve.”
Learn how Numerated can help your financial institution transform the way you lend to businesses, by contacting us today.
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About PCSB Bank
PCSB Bank (www.pcsb.com), a New York-chartered stock commercial bank, has served the banking needs of its customers in the Lower Hudson Valley of New York State since 1871. It operates from its executive offices/headquarters and 14 branch offices located throughout Dutchess, Putnam, Rockland and Westchester Counties in New York.
About Numerated
Numerated transforms the way financial institutions lend to businesses. Banks and credit unions use Numerated’s modern Loan Origination System to meet businesses’ expectations for digital convenience while driving significant gains in efficiency. The platform uses data to streamline originations 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 2021 Inc. 5,000.
Media Contact:
Max Blumenthal
Numerated
Marketing@Numerated.com
