Armanino Reviews Parts of NCS Thea Risk Scoring Process
NCS Analytics said in a press release that accounting firm Armanino completed agreed upon procedures related to parts of the company's validation of NCS Thea. The lending intelligence platform serves financial institutions, private lenders, credit funds and other organizations that provide capital to licensed cannabis businesses.
The procedures covered specific data inputs, NCS Analytics' scoring methodology, calculations for certain Risk Lending Score components, risk classifications and the presentation of outputs. Armanino reported factual findings under attestation standards established by the American Institute of Certified Public Accountants.
An agreed upon procedures engagement is narrower than an audit. The client specifies what is examined, and the accounting firm reports what it found without giving an opinion or an assurance conclusion on the platform as a whole.
NCS Thea combines operational data from state cannabis track and trace systems with behavioral and predictive analytics. It uses this information to assess business health and lending risk.
We hope you enjoyed this article
Consider subscribing to one of our newsletters like Finance AI Weekly or Daily AI Brief.
Also, consider following us on social media:
More from Finance
Oct 12 PayJoy to Acquire Finia AI Assets for Credit Underwriting Oct 12 QKS Group Names Kyriba a Pioneer in AI Cash Management Oct 12 Eagleview Releases AI Property Insurance Research Oct 12 PLACE Agrees to Acquire Ardley for Mortgage Retention Software Oct 12 Insurify Joins Sierra to Design AI Insurance Shopping ProtocolFinance AI Weekly
Weekly newsletter about AI in finance. Covers AI-driven trading, fintech innovations, and data analytics transforming markets
Market report
2025 Generative AI in Professional Services Report
Thomson Reuters
This report by Thomson Reuters explores the integration and impact of generative AI technologies, such as ChatGPT and Microsoft Copilot, within the professional services sector. It highlights the growing adoption of GenAI tools across industries like legal, tax, accounting, and government, and discusses the challenges and opportunities these technologies present. The report also examines professionals' perceptions of GenAI and the need for strategic integration to maximize its value.
Read moreYou may also like
Nudge Security Adds Continuous SaaS and AI Risk Scoring
CLPS Completes AI Assisted Anti Money Laundering Project
Deerborne Survey Finds AI Cuts Analysis Workload, Not Decision Quality
Noma Security Named Market Shaper in Gartner AI Security Quadrant
Lunai Bioworks Tests AI Chemical Risk Screening Model
Daily AI Brief: the AI news that matters, in your inbox.