What does the "Decision Engine" in nCino facilitate?

The "Decision Engine" in nCino facilitates automated credit decision-making processes. This technology enhances the efficiency and accuracy of assessments in loan applications, allowing financial institutions to make quicker lending decisions based on predefined criteria and rules. By automating the credit decision-making process, the Decision Engine reduces the need for manual interventions, thereby streamlining workflow and minimizing human error.

This automation leverages various data inputs and algorithms to evaluate applicants against risk criteria more efficiently. As a result, banks can manage their loan portfolios more effectively and improve the overall customer experience by providing timely responses to loan applications. The focus is on creating a standardized and consistent approach to lending decisions through automation rather than relying on manual processes or random approvals, which ensures equity and quality in decision-making.