Rich Data Co (RDC), an AI decision-making platform for commercial lenders, signs M&T Bank as its first major US deal.
M&T, the sixth-largest commercial bank in North America, will use RDC's explainable AI to gain insights into cash flow health and credit risk.
This partnership marks RDC's expansion into North America and M&T's adoption of AI for improved decision-making. The deal is facilitated through RDC's collaboration with nCino, pioneers in cloud banking, and showcases the transformative power of AI in the financial services sector.
This expansion builds on RDC's success in Australia and New Zealand, where banks use their AI platform to enhance lending decisions.