Cloud-based banking software company nCino has formed a strategic partnership with Zest AI, a provider of automated underwriting.

Zest AI will integrate its product into nCino’s Consumer Banking Solution, enabling lenders “to help make efficient, accurate decisions about borrower risk,” according to a news release. This ability is important as market and economic conditions shift. 

“Quickly evolving economic conditions require lenders to keep pace with new data, regulatory standards of reporting and underwriting workflows,” the release continued. “Lenders have, on average, automated over 50 percent of their underwriting process with Zest AI’s technology, analyzing hundreds of data points in seconds to better determine lending decision outcomes.”

Zest AI’s automated underwriting program is integrated into three consumer portfolios: auto loans, personal loans and credit cards. Its connection to nCino’s Consumer Banking Solution allows lenders to choose AI-automated underwriting for their portfolios without needing major IT upgrades.

Los Angeles-based Zest AI says its mission is to make fair and transparent credit accessible to everyone, according to the release.