nCino Expands nCino IQ Offerings Through Partnership with Rich Data Co

WILMINGTON, N.C., Feb. 07, 2023 (GLOBE NEWSWIRE) -- 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. “We are proud that nCino has chosen our AI platform and expertise to enhance nCino’s best-in-class Bank Operating System and further modernize the lending profess for its customers.”

Through this partnership, RDC and nCino will provide cloud capabilities to support the use of AI across the entire origination and monitoring of the credit lifecycle. RDC’s unique AI decisioning platform brings together advanced analytical techniques with latent and alternate data sets. Embedding intelligence into the banker experience is critical for financial institutions to action opportunities and manage risk within existing portfolios.

“Financial institutions often lack the infrastructure and skills needed to effectively aggregate, analyze, and form actions around numerous, siloed data sources. RDC has a proven ability to innovate, augment and expand small business and commercial lending amidst a broader migration to AI and machine learning within the industry,” said Christopher Gufford, General Manager of Commercial Product for nCino. “We are confident this partnership will drive significant business value for our customers and enable us to drive further adoption of AI and machine learning in the broader financial services industry.”

About nCino
nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. The nCino Bank Operating System® empowers financial institutions with scalable technology to help them achieve revenue growth, greater efficiency, cost savings and regulatory compliance. In a digital-first world, nCino's single cloud-based platform enhances the employee and client experience to enable financial institutions to more effectively onboard clients, make loans and manage the entire loan life cycle, and open deposit and other accounts across lines of business and channels. Transforming how financial institutions operate through innovation, reputation and speed, nCino is partnered with more than 1,750 financial institutions of all types and sizes on a global basis. For more information, visit www.ncino.com.

About Rich Data Co

Rich Data Co (RDC) was founded in 2016 in Sydney Australia. RDC is driven to increase global access to inclusive, fair and sustainable credit. The RDC AI Decisioning platform provides lenders with deeper insight into borrower behaviour, enabling faster and more accurate decisions that empower confident lending to Business and SME lending segments. This next-generation platform enables lenders to more accurately access credit risk and predict future business performance to enable access to sustainable credit. www.richdataco.com

This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution, competition, international expansion, and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC's web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.

Media Contacts
Ryan Kelly
+1 732.770.5942
ryan.kelly@ncino.com


nCino Expands nCino IQ Offerings Through Partnership with Rich Data Co

THỦ THUẬT HAY

Cách chuyển đổi ngôn ngữ bàn phím Windows 8/8.1

Do nhu cầu làm việc mà bạn cần phải đổi các ngôn ngữ để sử dụng trên máy tính Windows 8/8.1. Các thao tác chuyển đổi ngôn ngữ khá đơn giản và bạn có thể thực hiện theo nhiều cách khác nhau.

Cách dùng Bitdefender Adware Removal Tool gỡ phần mềm quảng cáo trên Windows

Bitdefender Adware Removal Tool là công cụ bảo mật hệ thống khỏi những phần mềm quảng cáo độc hại, đe dọa tới thông tin cá nhân trê máy tính.

Hướng dẫn cài đặt môi trường máy tính để bàn Linux trên thiết bị Android

Bạn muốn cài đặt môi trường máy tính để bàn Linux trên điện thoại Android? Hãy đọc bài viết sau để biết cách thực hiện nhé!

Giải phóng bộ nhớ Android hiệu quả bằng cách nén ứng dụng

Chúng ta thường chiếm đa phần bộ nhớ khi tải quá nhiều ứng dụng, hình ảnh và khi cần đến lại không đủ. Với cách sau sẽ giúp các bạn tiết kiệm dung...

Cách chuyển dãy số thành ngày tháng trong Excel

Trên Excel, chúng ta có thể chuyển đổi dãy số thành ngày tháng mà không cần nhập liệu theo cách thủ công.

ĐÁNH GIÁ NHANH

Đánh giá camera Xiaomi Mi A2 Lit: Tốt nhất trong tầm giá hiện nay

Camera chính Xiaomi Mi A2 Lite bao gồm hai cảm biến. Cảm biến chính có độ phân giải 12MP, khẩu độ f/2.2 và kích thước điểm ảnh rất lớn lên tới 1,25um. Cảm biến còn lại có độ phân giải 5MP, dùng để đo chiều sâu và hỗ

Đánh giá màn hình BenQ XL2720Z dành riêng cho Games thủ

BenQ XL2720Z là mẫu màn hình được thiết kế riêng cho game thủ, đặc biệt với thể loại game hành động hoặc thể thao đòi hỏi người chơi phải giải quyết nhanh và chính xác. Sản phẩm sử dụng tấm nền Twisted Nematic độ phân