Final answer:
The claim is false; nCino Bank Operating System likely has provisions for regulatory access in line with bank supervision requirements, enabling examiners to conduct reviews and access necessary documentation.
Step-by-step explanation:
The statement that the nCino Bank Operating System reduces exam times and regulatory disruption by providing executive team institutional transparency and instant access to data, but does not allow regulators to access or review documentation or processes is False. In the context of bank supervision, governmental agencies such as the Office of the Comptroller of the Currency and the National Credit Union Administration conduct thorough on-site reviews and have access to requisite bank documentation to ensure that financial institutions maintain positive net worth and do not undertake excessive levels of risk. It is expected that modern banking systems like nCino would also allow regulatory access to facilitate these exams and to comply with laws requiring bank findings to be open and public.