M&T Bank Expands Use of nCino with Adoption of Continuous Credit Monitoring Solution Powered by Rich Data Co’s Explainable AI Platform
nCino’s Continuous Credit Monitoring Solution will help assess credit risks and monitor loan performance
RDC
Rich Data Co (RDC) is an industry leader in artificial intelligence (AI) credit decisioning for business and commercial lenders. The RDC AI platform enables Tier 1 and Tier 2 banks to make high-quality lending decisions efficiently and safely. Leveraging advanced explainable AI technology, the platform delivers efficiency and transparency in both origination and portfolio management decisions. With the RDC platform, banks can deliver more meaningful customer interactions, improve credit outcomes, and increase lending. For more information, visit www.richdataco.com.
nCino's Integration with RDC
nCino has expanded its nCino IQ offerings by partnering with RDC, integrating its explainable AI technology to enhance credit monitoring and decision-making processes. This collaboration provides financial institutions with predictive analytics to efficiently manage risk and optimize credit portfolios through data and AI driven insights for early warnings and lead limits.
Enhance Credit Monitoring: Shift from reactive to proactive credit risk management by detecting changes in customer behaviour and deteriorating credit earlier.
Improve Efficiency: Simplify manual processes with streamlined, automated workflows, leading to significant time savings.
Maximize Explainable, Data-driven Conversations: Enable transparent, data-backed discussions with customers by providing clear, explainable insights behind every decision.
Drive Growth: Easily assess customer health and uncover new revenue opportunities to drive growth.
Additional Resources
Shaping the Future of Credit Decisioning with Explainable AI
Artificial intelligence (AI) and machine learning (ML) are transforming how financial institutions approach credit decisions and traditional banking processes. By incorporating AI into the credit decisioning process, financial institutions can help create a more inclusive, intuitive, and impactful financial services landscape.
La IA está acelerando estas tendencias - ¿está preparado?
Con la rápida evolución de la tecnología y el aumento de las exigencias normativas, las
entidades financieras se enfrentan a la doble tarea de mejorar la eficiencia de sus
operaciones y atenuar los riesgos.
Is Your Financial Institution Ready for AI?
The rise of artificial intelligence (AI) is transforming how financial institutions (FIs) approach traditional banking processes, but not all FIs are prepared to take advantage of this game-changing technology. Leveraging AI is not a one-off task, but a continuous cycle of assessing, enhancing, and improving data quality for an effective strategy. For this reason, the journey AI optimization can seem daunting.
nCino Expands nCino IQ Offerings Through Partnership with Rich Data Co.
Partnership with AI decisioning platform to provide deeper insight and more confident lending through a single platform.WILMINGTON, N.C., February 7, 2023 — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced a value-added reseller agreement with Rich Data Co (RDC), an industry leading artificial intelligence (AI) decisioning platform, to enhance the lending process for its customers. The combined value delivered by this partnership will equip financial institutions with deeper insights into their clients’ business and improve, streamline and further automate workflow and monitoring, creating significant value and efficiencies in small business and commercial lending.
nCino will integrate RDC’s decisioning capabilities into the nCino Bank Operating System® to enhance nCino’s Commercial Banking and Small Business Banking solutions with ground-breaking AI and machine learning techniques. This will simplify the traditional credit technology landscape and empower transparent and explainable decision-making driving revenue and efficiency for nCino’s customers. The partnership with RDC will expand the use cases for nCino IQ (nIQ®), which leverages intelligence and machine learning to transform data into information and actionable insights, empowering financial institutions to focus on key-value add activities and make better business decisions.
“The combination of AI, data and digital customer experience enables banks to more efficiently, accurately and holistically assess the health of a customer’s business, enabling lenders to have better visibility and control of their existing and new credit for the entire business lending portfolio,” said Gordon Campbell, Chief Product Officer at RDC.
Partnering with nCino and M&T Bank to bring this innovative solution to life has been a rewarding experience.
Julian Bloomfield
Chief Revenue Officer at RDC
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