nCino 201 Retail Banking Functional Practice Exam

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• True or False: Users can run credit checks independently from the onboarding system.
• True or False: The system creates only a Relationship record when the relationship type is Individual.
• What is the nCino Marketplace?
• Does Verifications allow users to run credit reports on all relationships created during the onboarding process?
• Which of the following describes the purpose of KYC?
• A Contact must be associated with which of the following in nCino?
• What is a benefit of the nCino Loan Origination System?
• What insights can banks derive from nCino's reporting features?
• What type of data does the nCino platform primarily utilize to enhance customer interactions?
• What is a loan pipeline in nCino?
• In what way does nCino improve risk management for banks?
• What term is used for a group of fields within a screen section on nCino?
• What does the "Decision Engine" in nCino facilitate?
• Why is it important for management to have operational transparency in nCino?
• Are ancillary services classified as commercial lines of credit?
• What role does artificial intelligence play in nCino?
• What does the nCino Opportunity feature allow banks to do?
• What benefit does nCino provide to relationship managers in terms of customer interactions?
• Which relationship types does Enterprise Onboarding standardize workflows for?
• What is a loan?
• What term describes the total amount of credit that is at risk in the event of default by a borrower?
• What is mainly used to verify business identity during the onboarding process?
• Which of the following capabilities is part of the nCino UI?
• How does nCino ensure data security and privacy?
• What term describes a field in which information can immediately affect other fields and options on the screen?
• What tool maps custom stage and status values to standard Booked and Closed values?
• In what ways can nCino support commercial lending through its features?
• What are the two sides of Deposit Account Opening?
• What method of adoption does nCino suggest for users?
• What tools does nCino offer for managing loan requests?
• What is the main function of alerts within the nCino platform?
• In nCino, how is the term 'Relationship' defined?
• How are user roles and permissions handled in nCino?
• How does nCino facilitate document management?
• What does TILA stand for in relation to nCino users?
• How does nCino help with customer onboarding?
• What type of integrations does nCino offer to enhance data flow?
• How does nCino assist banks in reducing manual data entry?
• What foundational technology does nCino utilize to enhance its services?
• What is the primary purpose of nCino in retail banking?
• Why are customizable reports significant in nCino?
• What is the role of a guarantor in a financial agreement?
• What is the purpose of a Customer Journey Map in nCino?
• Which document is not considered a Business Document?
• What is the primary purpose of a loan application?
• What is a key component of AML compliance?
• In what way does nCino improve loan processing?
• How does nCino assist with performance tracking in retail banking?
• Which of the following is a common Add-On/Ancillary Service in Retail Banking?
• What is the role of nCino’s risk management tools?
• Which function is notably enhanced by nCino's integrated tools?
• What does the acronym AML stand for in the banking context?
• What is a key benefit of integrating nCino with existing core banking systems?
• What is the primary purpose of the nCino Bank Operating System?
• Which item is fundamental to the navigation system in a software like nCino?
• What term is used to describe a collection of Routes in nCino?
• What is the benefit of using nCino's automated workflows?
• Which tool in nCino is used for tracking customer communications?
• What does nCino’s "All-in-One" approach mean for retail banking operations?
• What role do customizable permissions play in nCino?
• When might a bank use nCino's "Collaborative Workspace"?
• Which of the following is an example of a Business Document?
• Which type of verification allows running credit reports?
• How does nCino use reporting to enhance management effectiveness?
• What are the three main process work paths within Enterprise Onboarding?
• What role do profiles play in the nCino platform?
• What are the common challenges addressed by nCino in retail banking?
• Which of the following does NOT describe a benefit of the nCino user interface?
• What advantage does nCino offer in terms of scalability for banks?
• What does a deposit refer to in a financial context?
• What is the purpose of the customer experience portal in nCino?
• In what ways does nCino support business lending?
• Does the ID Verification Document Type show the types of documents available for the relationship type?
• In the context of nCino, what does "KYC" stand for?
• What does automated decisioning refer to in retail banking?
• How are custom fields utilized within the nCino platform?
• What does a binding agreement in finance generally entail?
• What distinguishes configuration from customization in nCino?
• How does the nCino user interface reduce time spent on tasks?
• What does "single source of truth" mean in the context of nCino?
• True or False: Know Your Customer utilizes nCino's questionnaire framework.
• What type of user training resources does nCino offer?
• What is the significance of the nCino Bank Operating System?
• What is dynamic document generation in nCino?
• What innovative solutions does nCino provide for small business lending?
• How can nCino assist in compliance and regulatory reporting?
• How does nCino ensure accurate compliance in banking operations?
• What is a potential advantage of real-time data access in banking operations?
• What is the primary purpose of Know Your Customer (KYC) regulations?
• How does nCino automate the loan underwriting process?
• Which term refers to a type of financial service used to provide capital to a customer?
• What is the purpose of nCino's 'Dashboard' feature?
• How do security roles in nCino affect user access?
• Which of the following is NOT an example of a Relationship in nCino?
• Who is typically considered a borrower in a financial transaction?
• How does nCino's platform support compliance with regulatory requirements?
• What is essential for managing user permissions in nCino?
• What is the purpose of the nCino Customer Portal?
• How do integrations with third-party applications enhance nCino's functionality?
• Which of the following is NOT a challenge faced by the banking industry?
• Which type of financial products can nCino manage?
• Which feature of nCino aids in enhancing collaboration among team members?
• In finance, what is a beneficiary?
• How can nCino users track customer engagement over time?
• Which of the following is NOT a typical product type in Retail Banking?
• In which scenario would the loan workflow be essential?
• What type of analytics does nCino provide to users?
• What is the primary function of the nCino Resource Center?
• Which release versions does nCino support?
• What outcome can alerts lead to in user operations on nCino?
• Which is NOT one of the components of the nCino UI?
• How does nCino assist in tracking market trends for retail banking?
• What metrics are analyzed in nCino to assess customer satisfaction?
• What does the "Activity Management" feature in nCino help track?
• How does nCino assess borrower creditworthiness?
• Which of the following is NOT a key feature of nCino's Retail Banking solution?
• How does nCino facilitate communication with customers?
• What is an advantage of using nCino's cloud-based platform?
• What role do alerts play within nCino's compliance features?
• What types of customer data can be tracked in nCino?
• How can users measure operational efficiency within nCino?
• How can nCino's mobile capabilities support retail banking?
• What feature assists in monitoring loan portfolio performance within nCino?
• Which entities should be included in a household?
• Which of the following best describes a deposit?
• How can nCino facilitate easier loan documentation management?
• What is the purpose of a field in a field set in nCino?
• What kind of automation features does nCino offer?
• Which feature in nCino helps banks assess credit risk?
• What type of entity can a Relationship record include in nCino?
• What role does data integration play in nCino's offerings?
• What aspect of customer data does nCino primarily focus on?
• What is one function of the dashboards provided by nCino?
• What is a key benefit of mobile capabilities in nCino?
• What is the objective of the nCino UI's configurable layout?
• What are the customer relationship management (CRM) capabilities of nCino?
• What is a key benefit of nCino's cloud-based platform?
• How does user feedback influence the development of nCino's platform?
• Which Salesforce feature is integrated with nCino to enhance customer relationship management?
• How can nCino help improve customer service?
• Which statement accurately describes retail banking?
• What is the purpose of nCino’s training resources?
• What types of alerts can nCino set for compliance monitoring?
• Is it considered best practice to use Loan/Deposit based questions in KYC?
• Which type of verification typically requires fewer documents?
• In nCino, what is the significance of workflow automation?
• What does the Financial Services Cloud (FSC) offer?
• What does the term 'Contact' refer to within the context of the nCino platform?
• What is the importance of the nCino "Commercial" lending module compared to retail?
• When a Business Relationship Type is selected, what records are created?
• What are the three key industry segments supported by nCino?
• Why is integration important in nCino's functionality?
• Which aspect of nCino enhances the user experience for compliance reviews?
• In nCino, which term refers to one or multiple 'menu' items across the top of the screen within a route?
• What type of reports can nCino provide to retail bankers?
• Financial institutions have the ability to disable workflows based on what?
• What term describes the relationship between any two entities in the nCino platform?
• How does nCino aid in regulatory reporting for banks?
• What key feature helps users prioritize their actions in nCino?
• What button do users click to create a new Household in nCino?
• How does nCino's Lead Management feature help financial institutions?
• What advantage do nCino's reporting tools provide for retail banks?
• What typically necessitates the use of collateral in a loan?
• What does nCino's integration capabilities offer?
• How does nCino facilitate collaboration among teams?
• What is one benefit of the nCino user interface design?
• What is the primary purpose of alerts in nCino?
• How does nCino enhance the accuracy of loan processing?
• Who is referred to as a Borrower?
• What are loans primarily classified as?
• What is automated underwriting?
• What is defined as a secondary navigation item within the left navigation menu?
• What role do workflows play in nCino?
• What feature centralizes and controls customer onboarding for financial institutions?
• How does nCino help banks to manage scalability effectively?
• What type of training does nCino provide for end-users?
• What does collateral provide in a loan agreement?
• Is the statement "A Single Payment Loan is a short-term loan that fully amortizes over its term" true or false?
• How does nCino streamline the loan closing process?
• How can customizable settings in nCino benefit organizations?
• How does nCino support customer engagement?
• What is the purpose of nCino's analytics capabilities?
• How does nCino support data-driven decision-making?
• What benefit does real-time data access provide in nCino?
• How many types of nCino releases are there?
• What is a person account in the nCino platform?
• How does nCino enhance the customer experience in retail banking?
• Describe the use of dashboards in nCino.
• How do compliance checks operate in nCino?
• Which of the following is NOT a use case for conditional rendering?
• What function does nCino's 'Case Management' feature serve?
• How does nCino facilitate compliance in retail banking?
• Which feature of nCino helps save time during document preparation?
• When does nCino recommend that users take all releases?
• What is a primary function of the Primary Navigation component in nCino?
• In what way do alerts contribute to operational efficiency in nCino?
• What significance does operational transparency have for a banking organization using nCino?
• What is the purpose of a term sheet?
• What is a Credit Pull?
• Which of the following is NOT a typical product type within Retail Banking?
• Which of the following is a critical component of nCino's workflow systems?
• What is the outcome of a default on a collateralized loan?
• How does the nCino platform handle customer onboarding?
• What is the function of the nCino document management system?
• What measures does nCino take to ensure data security?
• How can nCino help banks enhance their lending process?
• Which of the following are key performance indicators (KPIs) that can be tracked using nCino?
• What is a group of relationships that need to be connected together for exposure purposes called?
• Which statement about nCino's customization is true?