Which key performance indicators can be tracked using the nCino platform?

The choice of loan approval rates, processing times, and customer satisfaction scores as key performance indicators (KPIs) aligns well with the core functionalities and focus areas of the nCino platform. nCino is primarily designed for commercial banking operations and emphasizes efficiency, compliance, and customer relationship management within financial institutions.

Loan approval rates are a fundamental measure of a bank’s effectiveness in processing loan applications, providing valuable insights into the lending process and the institution's overall performance. Processing times are critical as they directly impact customer experience; shorter processing times may lead to higher satisfaction and lesser customer attrition. Customer satisfaction scores reflect how well a bank meets the needs and expectations of its clients, which is vital for retention and growth.

These indicators directly relate to the operational capabilities nCino enhances through its cloud-based solutions, focusing on improving lending processes, ensuring compliance, and fostering strong customer relationships. This makes them particularly relevant as KPIs within the nCino platform framework.