The Enigma and Noble partnership provides companies rapid launch options for accessing Enigma's rich data to understand small business financial health and better serve their small and medium business customers.
NEW YORK, March 29, 2023 /PRNewswire-PRWeb/ -- Enigma, a data science company that provides comprehensive intelligence about the financial health and identity of every U.S. business, announced today they have partnered with Noble, a fintech infrastructure company that powers verification, credit underwriting, and decisioning for companies embedding financial services. Working together, Enigma and Noble will provide companies with a clear picture of the financial health of small and medium businesses, enabling faster, more accurate underwriting decisions.
"Our partnership with Noble demonstrates Enigma's commitment to providing the most timely, accurate financial health data about small and medium businesses to power credit risk decisioning," said Charles Zhu, VP of Product at Enigma. "Noble's customers will now be able to build best-in-class credit solutions with access to unique data including revenues, revenue growth rates, and other financial health data."
Enigma's proprietary machine learning algorithms combine hundreds of public and private data sources to generate its data about the financial health of more than 30 million small and medium businesses.
Noble's platform enables companies to manage risk at any step of the customer journey for any financial product – from onboarding, to underwriting and decisioning, to ongoing monitoring. Its robust engine gives customers the freedom to create, edit and launch complex financial products without the need for long deployment processes or heavy development resources. Now, Noble customers will be able to access Enigma data to power and improve their credit decisioning models.
"Noble's mission is to empower companies to build and deploy complex financial products more easily. Since data lies at the core of decisioning, its integral we make it more accessible to our clients," said Tomer Biger, Co-Founder and CEO of Noble. "Our partnership with Enigma furthers this goal by giving our clients direct access to Enigma's intelligence that has the potential to deeply enrich their decisioning, help them better assess the financial health of customers, and continue to deliver an exceptional customer experience to end users."
For companies that use Noble to launch and scale lending products, the partnership will unlock the opportunity to safely and confidently underwrite more businesses. To learn more about the partnership and how to more effectively use data to power a comprehensive credit operation, attend the upcoming webinar on April 19, 2023.
Enigma provides comprehensive intelligence about the identity and financial health of every small and medium business across the United States. By engineering better data from hundreds of public and third-party sources, we aim to tell the complete story of every business, so that companies of every size can access the financial services they need to grow and thrive. Financial organizations from the world's largest banks to tomorrow's unicorns use Enigma's data to better serve their small business customers. To learn more visit enigma.com.
Noble empowers any company to quickly build, launch, and scale embedded financial products by providing a complete infrastructure to verify customer identity, assess financial health, and determine creditworthiness. The platform supports the full customer lifecycle by automating onboarding, underwriting, decisioning, and monitoring processes for Fintechs, B2B Marketplaces, and Vertical SaaS companies deploying complex financial models. Noble facilitates integrated connections to varied data sources that underpin credit decisioning for its clients, and is trusted by companies like Juni, Mesh Payments, Freightos, and Sprinque to power digital financial programs. To learn more visit https://www.benoble.io/
Madeline Ross, Enigma, 1 201.485.6153, [email protected]