How does nCino's platform support compliance with regulatory requirements?

nCino's platform supports compliance with regulatory requirements primarily through integrated compliance checks and reporting tools. This functionality ensures that financial institutions can automatically validate compliance with various regulations during the loan and account origination processes. The integration of compliance checks allows for real-time assessments, minimizing the risk of non-compliance by catching potential issues early. Additionally, the reporting tools enable institutions to generate necessary reports quickly, helping to demonstrate adherence to regulations during audits and examinations.

While the other options may provide certain benefits, they do not address compliance as effectively as the integrated compliance checks and reporting tools. For instance, limiting the storage duration of documents does not inherently ensure compliance, nor does relying on customer self-reporting provide the rigorous verification needed for regulatory adherence. Customer service teams are important for support, but they do not fulfill regulatory obligations like the compliance features integrated into the nCino platform.