nCino Launches AI Agent to Cut Bank Credit Review Times by 70%

Cloud banking software provider nCino supports financial institutions' credit and lending processes. Bank credit reviews involve data collection, credit assessment and risk checks, making manual processing time-consuming. A generative AI agent could reduce repetitive work and accelerate credit decisions while maintaining risk controls.

nCino said its new AI Agent can cut bank credit review times by 70% by using generative AI to automate labor-intensive credit assessment processes, helping financial institutions lend more quickly. As of the publication of the related report, however, nCino had not disclosed the announcement date, the banks adopting the tool, the investment amount or the actual number of review hours involved.