Maintaining Regulatory Compliance on a Single Platform

nCino was designed with regulatory compliance in mind. Through robust configuration capabilities, the nCino platform provides the tools FIs need to manage compliance with a variety of regulations. The appropriate employees at the FI have access to compliance-ready information, including detailed dashboards and reporting.

By leveraging nCino, FIs can assist in creating institutional transparency for the board, C-Suite, and executive management, who can then more easily manage critical regulatory concerns like capital requirements, relationship exposure, and policy exceptions. Regulators, examiners, and auditors can gain real time access to this information, thereby reducing examination times and business process disruption. Additionally, nCino is built with superior safeguards for FIs to confidently oversee sensitive information while meeting global regulations.

  • On average, FIs experience a 54% reduction in policy exceptions

  • Lowered compliance cost and risk

  • Decreased examination prep time 

  • Reduced operating expenses

  • Comprehensive data protection

  • Audit readiness

Audit Ready at a Moment’s Notice

nCino’s Cloud Banking Platform provides tools and integrations for FIs to independently fulfill global, national, and local compliance regulations. Built on the Salesforce platform, nCino is certified and compliant with the most rigorous industry-accepted security, privacy, and reliability standards, including SOC 2 Type II and ISO 27001 certifications, facilitating compliance with all critical security requirements.

Additionally, every activity in the nCino system is time-date stamped, enabling FIs to be audit-ready at a moment’s notice. nCino can also facilitate compliance in the following areas: 

  • Financial Crimes Prevention 

  • CDD/KYC/KYB 

  • Reports 

  • Credit Management Information 

  • Consumer Protection 

  • Data Analytics 

Streamline Regulatory Compliance Requirements 

nCino’s Cloud Banking Platform equips institutions with reporting tools that effectively identify and analyze existing and potential credit risks. With these tools in place, the board and senior management can easily manage compliance policies and receive timely, meaningful, and accurate reporting in a format that clearly defines risks and make strategic lending decisions.

Internal and external auditors can also access the institution’s credit management information and reporting, achieving both greater efficiency and transparency. 

  • Safeguard against money laundering risks while maintaining a deep understanding of customers through reporting

  • Segment the institution’s portfolio into various populations to determine specific KYC compliance requirements with reports

  • Clone and modify existing reports for internal auditors, regulatory examiners, and compliance officers

  • Optimize the onboarding, loan origination, account opening and maintenance process for commercial and retail customers and employees through KYC/CDD questionnaires

  • Reduce bias in decision-making and help ensure consistent processes are applied throughout the institution using business process automation and nCino’s Loan Auto Decision

  • Provide examiners remote access to relevant reports, critical bank metrics, and loan documentation 

Explore Our Dodd-Frank 1071 Resources

Compliance regulations change rapidly, which can make staying up to date a challenge for financial institutions. Review the new Dodd-Frank 1071 ruling and explore our resources to ensure your institution navigates the new regulations successfully.

Discover Our Dodd-Frank 1071 Resources
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nCino is built on a reliable and secure system. We recognize the strength of nCino's support system and quite simply like the feel of the company and enjoy working with its people.

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VP of Operations, Univest Bank and Trust Co

Regulatory Compliance and nCino

Thought Leadership

4 Steps to Prepare Your Financial Institution for Dodd-Frank 1071

Dodd-Frank 1071’s final rule, issued on March 30th, 2023, one day before the critical amendment to the Equal Credit Opportunity Act (ECOA) was anticipated to be finalized, is a game-changer for small business lenders.The rule mandates that financial institutions report certain lending data points for small business lending, including demographic data on women-owned, minority-owned and LGBTQI+-owned small businesses. This data will be used by the Consumer Financial Protection Bureau (CFPB) to enforce fair lending laws and to identify community needs and access to credit. The data collected under the rule will also be used to develop new programs and initiatives to support small businesses.

When a financial institution (FI) is required to collect and report the required data is dependent upon the number of small business loans originated during 2022 and 2023. The earliest date an FI is required to begin collecting data is October, 1, 2024 (2,500 originations) with time extensions to April 1, 2025 (100 or 500 to 2,500 originations) or January 1, 2026 (at least 100 originations), depending on circumstances.

The rule is a complex one, and FIs will need to take steps to comply with it. As your FI prepares to conform to the new requirements, here are some actions to consider.

Dodd-Frank
Thought Leadership

5 Things to Consider When Choosing a Digital Mortgage Vendor

Choosing the right digital mortgage vendor can feel daunting. Mortgage lenders must consider not only their own business needs, but also federal regulations that impact how they manage and access their borrowers’ data. In an increasingly tech-heavy mortgage environment, lenders are navigating new digital solutions to fix old problems. But with these exciting new breakthroughs comes the possibility of data compromises, disjointed products, and compliance problems.

How can lenders successfully vet vendors? What are some indicators that a mortgage vendor is well-positioned to deliver operational efficiencies while adhering to appropriate compliance standards? We’ve put together a list to help lenders better research potential vendors.

5 Things to Consider When Choosing a Digital Mortgage Vendor
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Own Company is a leading SaaS data protection platform for some of the largest SaaS ecosystems in the world. Through data security, backup and recovery, archiving, and sandbox seeding, they empower organizations to manage and protect mission-critical data.

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