NCS Analytics Partners with Armanino to Validate NCS Thea Lending Intelligence Platform

NCS Analytics Partners with Armanino to Validate NCS Thea

In a strategic move to enhance the reliability of its lending intelligence platform, NCS Analytics has engaged Armanino LLP, a prestigious independent certified public accounting firm, to carry out an independent assessment of NCS Thea. Designed specifically for the financial sector that supports licensed cannabis businesses, this platform delivers essential insights catered to financial institutions, private lenders, and credit funds.

Objective Assessment for Improved Confidence

NCS Thea’s unique position in the market arises from its ability to tackle the specific challenges encountered in cannabis lending, an industry often hindered by inconsistent financial documentation and limited traditional credit data. The tests conducted by Armanino LLP were meticulously aligned with the attestation standards shaped by the American Institute of Certified Public Accountants, aimed at validating the integrity of certain operational elements of NCS Thea. This included reviewing data inputs, examining NCS's scoring methodology, calculating various scoring components, risk classifications, and how outputs were presented.

Adam Crabtree, the CEO and Founder of NCS Analytics, stated, "Cannabis lenders need objective, reliable intelligence to make informed decisions. This independent engagement reflects our commitment to transparency and rigor in the development and validation of NCS Thea."

Addressing the Complexities of Cannabis Lending

The specific lending needs of the cannabis sector necessitate a robust approach to underwriting – one that transcends conventional methods. NCS Thea innovatively merges government-verified operational data from state cannabis tracking systems with proprietary behavioral analytics from NCS Analytics. This fusion provides an objective and independent evaluation of business health and associated lending risks, empowering lenders to make data-driven decisions.

NCS Analytics’s COO, Paige Reimers, emphasized the importance of this external validation, saying, "This AUP (Agreed-Upon Procedures) engagement is not merely a procedural checkbox; it lays the groundwork for responsible platform deployment. By subjecting NCS Thea to external scrutiny, we have affirmed its readiness to facilitate confident, accountable risk decision-making."

The NCS Analytics Advantage

Founded in 2015 and based in Denver, Colorado, NCS Analytics leads the charge in advanced analytics tailored to aiding regulators and financial institutions in navigating high-risk sectors, starting with cannabis. Through its NCS Platform, the company aggregates millions of data points each day to deliver real-time anomaly detection, risk scoring, alerts, and compliance monitoring. This powerful tool helps prevent fraud, non-compliance, and diversion while adhering to BSA/AML regulations. With oversight of thousands of licenses across multiple states and the processing of over 89 million records weekly, NCS Analytics stands at the forefront of cannabis operational intelligence. The recent introduction of the Risk Index in 2025 showcases its commitment to continuous innovation.

In summary, NCS Analytics's collaboration with Armanino LLP to validate NCS Thea exemplifies the dedication to transparency and reliability that is crucial in a rapidly evolving industry. As demands for accountability grow, innovations like NCS Thea are crucial in empowering lenders to navigate the complexities of cannabis financing with assurance and accuracy.