Franklin Synergy Bank Selects Numerated to Grow in Small Business
March 12, 2018 — BOSTON, Mass. — Numerated, the leading real-time lending and marketing automation platform for banks, announced today that Franklin Synergy Bank, one of the premier real estate and business lenders in Tennessee with $3.8 billion in assets as of December 2017, has selected its technology to drive growth in small business.
Numerated’s platform will enable Franklin Synergy Bank to offer small business owners in Tennessee the opportunity to apply and receive immediate funding for a loan through a three-step online application. This award-winning real-time lending experience will allow Franklin Synergy Bank to offer businesses a more convenient way of banking. Since the bank opened its doors in 2007 they have been committed to offering innovative financials products to local businesses and professionals.
“We chose Numerated because we want to be the best bank for Middle Tennessee’s small business community,” said Kevin Herrington, Executive Vice President and Chief Operating Officer at Franklin Synergy Bank. “Time is the most valuable commodity for a small business owner, and we want to save them as much as possible. This technology will allow our customers to focus on growing their own businesses.”
Numerated’s real-time lending platform features a dynamic, data-driven credit decisioning engine that intelligently routes applicants to the right underwriting process. This allows Franklin Synergy Bank to offer a fast and differentiated online borrowing experience while maintaining its existing credit policies.
“Franklin Synergy is a leader in the dynamic Middle Tennessee market and we share their focus on growth,” shared Dan O’Malley, Founder and CEO of Numerated. “With this technology, they will be able to attract and build relationships with new and existing customers looking to grow their businesses. We are looking forward to seeing the continued growth of Franklin Synergy Bank and their small business customers.”
To learn how Numerated can help accelerate bank growth, contact email@example.com.
Numerated’s real-time lending and marketing automation platform drives profitable growth for banks. The system offers robust configuration features for credit policy digitization, a compelling real-time lending experience, and automation of direct and digital marketing to drive ongoing customer acquisition at scale.
Numerated was developed in 2015 within and for Eastern Bank. After meaningful impact on Eastern’s lending portfolio and with great interest from other banks, the technology was spun-out in 2017 as an independent company, Numerated. The platform has already decisioned $250 million in lending Over $100M in lending has already been executed through Numerated’s platform.
About Franklin Synergy
Franklin Synergy Bank, parent company Franklin Financial Network (NYSE:FSB), is a Tennessee-chartered commercial bank founded in November 2007 providing a full range of banking and related financial services with a focus on service to small businesses, corporate entities, local governments and individuals. With consolidated total assets of $3.84 billion at December 31, 2017, the Bank currently operates through 13 branches and one loan production office in the growing Williamson, Rutherford and Davidson Counties, all within the Nashville metropolitan statistical area. Additional information about the Company, which is included in the NYSE Financial-100 Index, and the FTSE Russell 2000 Index, is available at www.FranklinSynergyBank.com.