the financial technology company powering the digital transformation of
business lending at banks, announced today that Karen
G. Mills has joined as an investor and advisor.
Having been an investor and business owner of companies ranging from
manufacturing, food production and service-enabled technology, Karen is
a leading authority on U.S. competitiveness, entrepreneurship and
innovation. She served in President Barack Obama’s Cabinet as the
Administrator of the U.S. Small Business Administration (SBA) from 2009
to 2013, where she managed a loan guarantee portfolio of more than $100
billion and led the agency’s economic recovery efforts in the wake of
the Great Recession.
“Technology has the power to help business owners better understand
their business cycle and transform how they access the capital they
need, when they need it,” Karen said. “The innovation Numerated brings
to its partnership with banks positions lenders to meet these needs and
help businesses maximize their opportunities in this fast-moving
lending and growth platform helps banks and credit unions digitally
transform to become the most attractive business banks in their
communities. Local bankers and branches are armed with actionable
business intelligence to have proactive conversations with businesses,
and businesses can secure loans or lines of credit from their local bank
in as few as three minutes.
“Karen shares in our belief that technology can create greater
opportunity and more effective partnerships between small businesses and
the financial institutions who serve them. We’re grateful to tap into
her decades of experience in understanding the intertwined roles banks
and businesses play in growing local economies across America,” shared
Dan O’Malley, founder and CEO of Numerated.
Karen is a Senior Fellow at the Harvard Business School, and the author
of the forthcoming book Fintech,
Small Business & the American Dream: How Technology is Transforming
Lending and Shaping a New Era of Small Business Opportunity
(March 2019, Palgrave Macmillan).
Karen discusses Numerated in her book, including the story of the
technology’s initial development within and for $11B Eastern Bank and as
an example of how data, automation, and artificial intelligence are
being used to evaluate the credit worthiness of businesses.
Karen and Dan will speak together at Barlow Research’s 2019
Business Banking Conference in Chicago on Tuesday, May 21, 2019.
Here they will discuss the opportunity for banks and credit unions to
leverage technology to attract and deepen relationships with businesses.
Numerated powers the digital transformation of business lending at banks
and credit unions. Numerated’s end-to-end platform profitably grows
business loan portfolios through a powerful combination of real-time
lending customer experience, automated credit decisioning, and modern
marketing and sales tools that empower relationship bankers and attract
Backed by leading fintech investors, including Venrock and FIS,
Numerated is the chosen platform of banks focused on being leaders in
business banking within their markets. Learn more at www.numerated.com.