True or False: The system creates only a Relationship record when the relationship type is Individual.

Study for the nCino 201 Retail Banking Functional Exam. Enhance your skills with flashcards and multiple choice questions, each with detailed explanations. Prepare thoroughly for your success!

In nCino, when the relationship type is designated as Individual, the system creates a Relationship record specifically for individuals. This is because the platform is designed to accurately capture and reflect the nature of the connection between an individual customer and the financial institution. This Relationship record serves as a central point for information related to the individual, facilitating better management of customer interactions, accounts, and related services.

The creation of a Relationship record when the type is Individual helps banks maintain personalized services and understand the customer's profile more effectively. This process is foundational in nurturing customer relationships and allows for tailored services that enhance customer satisfaction and loyalty.

The other options suggest scenarios that imply a complexity or conditions under which the Relationship record would not be created. However, the straightforward fact remains that if the relationship type is Individual, the system consistently reacts by generating a Relationship record without additional conditions necessary. This ensures that all individuals are tracked, and their information is linked properly within the banking ecosystem.

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