Cloud banking business nCino is expanding its bank operating system with nCino IQ (nIQ), an artificial intelligence and machine learning-based solution to boost the overall customer experience.
With nIQ, nCino hopes to provide financial services firms with accesses to insights through analytics that empower them to make faster and more informed decisions.
Financial institutions can utilize nIQ to automate data extraction like tax returns and financial statements, tap into predictive analytics to measure performance and monitor risk across the organization, and drive personalized experiences to support bankers with real-time information when they need it most.
“Since its inception, nCino has championed the idea of the agile enterprise, where financial institutions can reduce loan cycle and account opening times by digitizing and automating their processes via our single end-to-end platform,” said Trisha Price, chief product officer at nCino.
“Now, with nIQ, we’re evolving that concept further to the intelligent enterprise, where AI is injected into every stage of production and stands at the centre of every business line we support. With nIQ supercharging their operations, financial institutions can achieve a competitive advantage that allows them to increase savings and, most importantly, make more informed decisions to more effectively and efficiently serve their customers.”
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