How does nCino assist banks with regulatory audits?

nCino assists banks with regulatory audits primarily by embedding audit trails in workflows. This capability allows for a detailed and transparent record of all activities and changes within the system. The audit trails capture critical information such as who made changes, what changes were made, and the time these changes occurred. This comprehensive tracking is essential during audits, as it provides regulators with easy access to necessary information, thereby facilitating compliance with regulatory requirements.

The presence of these embedded audit trails greatly enhances the efficiency and effectiveness of the audit process, ultimately aiding banks in demonstrating compliance and accountability. It also helps in streamlining the information gathering process, making it easier to provide evidence of regulatory compliance when required. By maintaining a clear history of transactions and interactions, banks can better manage their compliance responsibilities and respond to audit inquiries more effectively.