For banking executives negotiating contracts with new and existing fintech vendors, careful review of the terms of the deals is essential. But as the list of partners grows, the task of analyzing every contract for compliance with current guidelines and continuous monitoring can become unwieldy.
Meeting the ever-changing standards of regulators is a necessary cost of doing business for both
Ncontracts, a risk management software firm located in Brentwood, Tennessee, has spent the past year training its new Ntelligent Contracts Assistant to assist in automating the review process by feeding it vendor contracts with financial institutions and having it learn key terms such as “notice…
