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Stock impact report

M&T Bank Expands Use of nCino with Adoption of Continuous Credit Monitoring Solution Powered by Rich Data Co's Explainable AI Platform [Financial Post (Toronto, Ontario, Canada)]

nCino, Inc. (NCNO) 
Company Research Source: Financial Post
nCino's Continuous Credit Monitoring Solution will help assess credit risks and monitor loan performance WILMINGTON, N.C., May 15, 2024 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that M&T Bank Corporation (“M&T”) (NYSE:MTB) an existing and long-standing nCino customer, is expanding its use of the nCino platform and integrating nCino's Continuous Credit Monitoring Solution into its operations. The solution is powered by nIQ and leverages Rich Data Co's (RDC) AI decisioning platform. Article content Article content nCino's Continuous Credit Monitoring Solution leverages RDC's explainable AI platform and is designed to bring transparency to every decision, giving M&T more comprehensive insights into cash flow health, credit risk, and lending opportunities at both the customer and portfolio levels. This will enable M&T to detect more early warning signs and have access to additional data wh Show less Read more
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