What are the four types of relationships identified in nCino?

The four types of relationships identified in nCino focus on the various entities that a bank or financial institution interacts with in its operations. The correct choice highlights individuals, businesses, households, and lenders/vendors as the key relationships.

Individuals represent the personal banking clients who engage with the bank for various financial services. Businesses encompass a range of commercial customers needing loans, accounts, and other financial products. Households refer to families unit who may also require banking services and financial products, often involving personal and joint accounts. Lenders/vendors play a critical role in the financial ecosystem, supplying necessary services, products, or capital to both individuals and businesses.

Understanding these relationship types is crucial for tailoring financial products and services to meet the diverse needs of these distinct groups, thus enhancing customer satisfaction and fostering stronger connections.