Company's Gen AI tool, powered by nCino IQ (nIQ), delivers real-time intelligence and optimizes decision-making with data-driven insights for financial institutions across asset sizes and geographies Participants of Banking Advisor’s closed beta testing Product Design Program finding efficiency gains through employee time savings and proactive portfolio management WILMINGTON, N.C., June 17, 2024 (GLOBE NEWSWIRE) -- nCino, Inc.(NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today made generally available its new artificial intelligence (AI) solution, Banking Advisor.nCino’s Banking Advisor is a banker-focused, conversational co-pilot tool that provides financial institutions a modern approach to proactive portfolio management, helps streamline routine tasks to save significant time and effort, and takes the guesswork out of complex processes to help financial institutions track and comply with regulatory requirements. The intelligence and automation embedded in Banking Advisor allow multiple roles at an institution to increase productivity and spend time on higher-value activities like building and maintaining client relationships.
Intelligent Automation: Automated writing of new deal and credit memo narratives, evolving a previously manual task and reducing human error using the narrative skill embedded in the toolData-Driven Insights: Offering of conversational industry benchmarks and insights via a chat interface, helping bankers ask questions about the data to determine best next steps for the businessAdvanced Processing: Streamlined document upload process by scanning the data and categorizing information to associate the scanned data with the appropriate relationshipQuery Response: Answering specific banker questions based on uploaded documentation, such as: "Can I originate a loan with a loan-to-value (LTV) ratio of 80% for a commercial property in California, given our current credit policy? ”;"What are the documentation requirements for a construction loan with an LTV ratio above 80%? ”; and"How do I initiate a loan approval request for a large commercial loan, and what are the required approval roles? ” The Customer Experience Banking Advisor operates exclusively on the data provided by the individual financial institution, ensuring a tailored and precise user experience.
We’re excited about the capabilities nCino is bringing to market and the opportunities we have to partner into the future.” – Tyler Craft, SVP and Director of Transformation, Fintech & Emerging Tech, First Horizon Bank"We chose nCino as our cloud banking partner in 2016 because of their commitment to efficient transformation and their relentless pursuit of cutting-edge technology. By using Banking Advisor, banks like Northern Bank can now shift towards optimization for efficient workflows and use the Gen AI tool to make data work for them versus working for the data.nCino's flexible technologies and unified platform enable us to build the intelligent automation into our business and deliver the personalization our customers expect.
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