nCino Adopts FinSuite
Bringing proven auto-spreading technology for complex, unstructured financial statements into the Bank Operating System to create an unparalleled credit risk management platform.
Delivering Innovation and Value to FIs of All Sizes
nCino, the worldwide leader in cloud banking, has adopted FinSuite, taking nCino's underwriting automation to the next level and further establishing nCino as the platform to build out "The Intelligent Enterprise." FinSuite specializes in process automation software leveraging optical character recognition (OCR) and artificial intelligence (AI) for the financial services industry and is a leader in automating the analysis of complex, unstructured financial statements.
The combined solution of FinSuite and nCino's nIQ Data Recognition will offer financial institutions of all sizes a single user experience that automates all financial spreading across the entire enterprise, eliminating thousands of hours of manual effort every year. The technology accepts financial statements in any format – ranging from small business management accounts in excel or poor-quality scanned PDFs, right up to institutional companies' large annual reports, 10K's and 10Q's. The powerful combination of this best-in-breed automated underwriting and financial spreading solution with nCino's AI, onboarding, loan origination, credit analysis and deposit account opening platform delivers actionable insights and automation at every step in the banking journey for greater speed, transparency and efficiency.