- Australian start-up Rich Data Co (RDC) has extended its AI-powered decisioning platform to M&T Bank, marking its first major client in the United States.
- M&T Bank will utilize RDC's platform to improve its risk management and lending strategies through early warning sign detection and explainable AI technology, providing comprehensive insights into cash flow health and credit risk.
- The partnership was facilitated by RDC reseller nCino's Continuous Credit Monitoring solution, which aims to drive automation and provide intelligent, actionable insights for M&T Bank's commercial and business banking clients.
M&T, the sixth-largest commercial bank in North America, will use the platform for enhanced risk management and lending strategies, leveraging explainable AI for cash flow and credit risk insights. “This scalable capability will provide insights to our employees to drive even more timely and tailored banking experiences” adds Sarah Hudak, director of credit product delivery at M&T. RDC's platform, previously used by Westpac, marks its entry into the North American market, with plans for further expansion.
