NCS Analytics Completes Independent Agreed-Upon Procedures for NCS Thea Validation

NCS Analytics engaged independent accounting firm Armanino LLP to perform agreed-upon procedures on relevant aspects of the NCS Thea validation and report factual findings in accordance with the American Institute of Certified Public Accountants’ attestation standards. The procedures covered model data inputs, application of the NCS scoring methodology, calculation of certain components of Thea’s risk loan scores, risk classifications, and presentation of model outputs. NCS Thea is a loan intelligence platform for lenders serving licensed cannabis businesses.