NCS Analytics Completes Independent Validation of Lending Intelligence Platform
NCS Analytics has completed an independent agreed-upon procedures engagement conducted by Armanino LLP, focusing on the validation process for NCS Thea. This lending intelligence platform is tailored to financial institutions and lenders operating in the cannabis industry. The audit covered data inputs, scoring methodology application, risk classifications, and output presentation of Thea's Risk Lending Scores. NCS Analytics emphasized that this engagement was not a mere formality but foundational for responsible deployment. By subjecting NCS Thea to external scrutiny, they aim to support informed lending decisions with confidence in the model’s reliability and transparency. Cannabis lenders face unique challenges due to inconsistent financial statements and limited credit data; NCS Thea addresses these by integrating government-verified operational data with proprietary analytics. Founded in 2015, NCS Analytics provides advanced SaaS solutions for monitoring high-risk industries like cannabis. Their platform processes millions of records weekly across thousands of licenses nationwide.
Topics: analytics platform validation cannabis lending third-party audit