Citi powers AI Lending via Numerated

Citigroup Inc. has invested in the AI-driven commercial lending platform, Numerated, enhancing its enterprise lending with efficient financial analysis. This collaboration introduces advanced automation and machine learning to streamline financial operations, significantly reducing processing times and improving data accuracy.

Key Highlights:

- Strategic Collaboration: Citigroup's investment in Numerated fosters a partnership that integrates AI technology into its lending operations, aiming to optimize efficiency.

- Improved Financial Analysis: By automating financial statement analysis, Numerated shortens data processing times from days to hours and ensures accurate, comprehensive data auditing.

- Enhanced Accuracy and Speed: The platform supports various data formats, promoting efficient and accurate financial data handling.

- Impact on Operations: Anticipated to drastically cut financial analysis times, the integration of Numerated boosts both efficiency and accuracy in lending processes.

- Significance: Citigroup’s investment reflects confidence in Numerated’s capability to transform commercial lending through innovative technology.

- Proven Track Record: Numerated has processed over $50 billion in lending, serves over 500,000 businesses, and is recognized by 30,000 financial professionals, highlighting its rapid growth and impact in financial technology.

Katya Chupryna from Citigroup remarked on Numerated’s innovative commercial lending solutions, emphasizing the improved efficiency and convenience for borrowers.

Numerated’s President, David O'Malley, views Citigroup’s investment as a testament to the technology’s potential and the company’s growing recognition.

Mike Hershkowitz of Citigroup expressed the investment as a step towards modernizing lending solutions and deepening customer insights.

Our Opinion:

Customer data is pivotal in the decision-making process in finance. The AI-driven lending technology of Numerated can accurately analyze vast amounts of customer data and make informed lending decisions based on specific risk profiles. This allows lenders to be more precise in their lending while reducing potential risk. With the continued integration of AI into the alternative financing industry, there stands a potential for significant improvements in speed and efficiency.

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