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nCino unveils ‘Banking Advisor’, a Gen-AI Solution for financial institutions

By Gloria Mathias

June 18, 2024

  • Artificial Intelligence
  • Banking Adviso
  • Cloud Banking

nCino, Salesforce, financial services, cloud banking, financial institutions, risk, loan origination, deposit account opening, portfolio management, Fintech news, Fintech USA, GenAI, Artificial Intelligence, Fintech solutions, Fintech News, Fintech US, nCino, Inc., a cloud banking provider for the global financial services industry, has made 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 with a modern approach to proactive portfolio management. It streamlines routine tasks to save significant time and effort and takes the guesswork out of complex processes to help them 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. The solution is powered by nCino IQ (nIQ), which was introduced in 2018 and leverages AI, machine learning and analytics to deliver intelligent automation, data-driven insights and industry benchmarks

nCino’s Banking Advisor leverages LLMs to drive real-time information awareness, provide suggestions for next actions, and offer insightful interactions with information, documents and objects to unlock new value. The co-pilot is designed with a set of unique skills to meet the modern demands of relationship banking and represents an innovative leap in Gen AI-assisted financial service capabilities.

Banking Advisor includes the following skills, with more elements:

  • Interactive Documents: Enabling bankers to “chat” with any PDF document, such as credit policies, training materials, market data, how-to guides, etc.
  • 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 tool
  • Data-Driven Insights: Offering conversational industry benchmarks and insights via a chat interface, helping bankers ask questions about the data to determine the best next steps for the business
  • Advanced Processing: Streamlined document upload process by scanning the data and categorizing information to associate the scanned data with the appropriate relationship

“Since nCino’s inception, we’ve been committed to transforming the financial services industry through innovation, reputation and speed,” said Donald Permezel, General Manager of Product at nCino. “As financial institutions recognize the tremendous potential of AI to reshape their operations, there is a concerted effort to incorporate these technologies to achieve differentiation in the marketplace and enhance user experiences. We’re pleased to offer innovative solutions that not only make an immediate impact for our customers but that also could evolve and become more insightful as adoption increases.”

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