From CRM to nCino IQ - GregLinthicum/From-Logistic-Regression-to-Long-short-term-memory-RNN GitHub Wiki
Loan Originating Software
The loan origination solution market, as analyzed by Forrester, is divided into three primary categories:
Credit and fraud risk specialists, such as Experian and FICO, specialize in tools for managing and aggregating data. They excel in Know Your Customer (KYC) procedures and possess strong capabilities in identifying and preventing fraud.
Digital lending engagement platform providers, including nCino, Backbase, Blend, IRESS, and Kuliza, prioritize creating user-friendly and intuitive experiences for both borrowers and brokers. Their focus lies in designing and delivering seamless interactions throughout the lending process.
Digital lending processing platform providers, like Black Knight, EdgeVerve Systems, ICE Mortgage Technology, Oracle, and Sopra Banking Software, primarily offer applications and solutions supporting various lending processes. They specialize in providing software that aids in the facilitation and management of lending operations.
nCino is a spinoff from Salesforce CRM that originally focused on the loan origination flow. However, did not stop on its original idea, sold so far to over 1700 users, but joined forces with other players in it important market, such as Zest AI and Rich Data Co.to deliver enhanced loan underwriting capabilities under name nCino IQ (nIQ). nCino IQ accelerates loan processing by targeting the attention to detail consuming activities and data acquisition to build spreads, so crucial, within the step of loan underwriting.
References: Honeycomb podcast
IRESS is used by more than 10,000 businesses and 500,000 users globally. Provides intelligent automation, data-driven insights, and industry benchmarks. Used for wealth management, financial advice, trading, and market data.
ncino-iq see above
Backbase Provides digital banking solutions and omnichannel banking platforms to financial institutions such as banks and credit unions. Known for paying attention to User Experience (UX) Design.
Blend Digital Mortgage Origination. Blend emphasizes user-friendly interfaces and experiences for both borrowers and lenders.
Kuliza Kuliza has executed more than 120 digital transformation projects for global startups and industry-leading global enterprises. Their flagship lending product, Finvolv, is a fully-configurable, API-rich lending platform that helps financial enterprises and banks launch new products faster. Finvolv enhances end-to-end Loan Management solutions for financial enterprises - banks and fintechs, across a range of loan products like: Home Loan, Auto Loan, Microfinance, P2P Loan, MSME Loan.
Gartner: NetOxygen LOS; Loan IQ; Finflux; FinnOne Neo Corporate Lending; LoanCatcher; LendingPad