Ncino, Inc. - NCNO STOCK NEWS

nCino (NASDAQ: NCNO) has acquired Sandbox Banking for $52.5 million in cash, with an additional earn-out opportunity of up to $10 million based on financial and product development metrics. The acquisition strengthens nCino's Integration Platform as a Service (iPaaS) capabilities, enabling enhanced data connectivity and streamlined operations for financial institutions.

The integration aims to help banks and credit unions overcome digital transformation challenges by providing an integration hub that simplifies projects, eliminates redundancies, and aligns data across banking systems. Key benefits include accelerated deployment through prebuilt integrations, streamlined operations with automated processes, and improved data connectivity across core and ancillary banking systems.

The technology features pre-built adapters for core banking platforms and 50+ industry solutions, AI-powered integration logic, and the ability to create a single source of truth for connected data. This acquisition is expected to reduce project implementation timelines and lower IT operational costs for financial institutions.

nCino (NASDAQ: NCNO) has appointed Justin Nyweide to its Board of Directors, expanding the board to ten members. Nyweide, who will serve on the Board's Audit Committee, brings over two decades of experience in investing and partnering with growth companies across technology, software, internet, and financial services sectors.

As a Founding Partner and Chief Investment Officer of HMI Capital, a significant nCino shareholder, Nyweide's appointment comes alongside a Cooperation Agreement between nCino and HMI Capital. The agreement includes customary standstill, voting, and other provisions, which will be detailed in nCino's Current Report on Form 8-K filing with the SEC.

nCino (NASDAQ: NCNO) has appointed Sean Desmond as its new President and Chief Executive Officer, effective immediately. Desmond, who joined nCino in 2013 and most recently served as Chief Product Officer, succeeds Pierre Naudé, who transitions to Executive Chairman of the Board.

The appointment follows a comprehensive Board-led succession planning process that evaluated both external and internal candidates. Desmond's experience includes scaling multinational organizations and driving product innovation through data and AI. During his tenure at nCino, he has managed approximately two-thirds of the company's employees in various roles, including Chief Customer Success Officer.

Chris Gufford, previously Executive Director and General Manager of nCino Commercial Banking, will succeed Desmond as Chief Product Officer. The company has also reaffirmed its guidance provided during the third quarter fiscal year 2025 earnings call on December 4, 2024.

Habib Bank Zurich plc (HBZ UK) has chosen the nCino Platform to enhance its Buy-to-Let Lending business in the United Kingdom. The partnership aims to streamline processes, improve portfolio risk-management, and create new efficiencies in loan origination and management through digital capabilities across web, mobile, and intermediary channels.

As a specialist SME and corporate lender, HBZ UK will leverage nCino's intelligent suite of solutions to deliver modern convenience while maintaining its relationship-first service approach. The implementation aligns with HBZ UK's strategic vision to expand and enhance services while adapting to changing market demands.

FullCircl has launched SmartOnboard, a unified onboarding solution for corporate entities that combines risk and compliance checks for companies and directors in one platform. The B2B SaaS solution integrates KYB, PEPs, sanctions, adverse media, KYC, email risk checks, and document verification to accelerate customer screening and verification processes.

The platform provides enhanced compliance data for UK registered companies with real-time data gathering capabilities, automated client outreach through a white-labelled interface, and complete audit trails for regulatory compliance. Future developments will include international coverage, enhanced customization tools, and additional data integrations.

nCino (NCNO) reported strong Q3 FY2025 results with total revenues of $138.8M, up 14% year-over-year, and subscription revenues of $119.9M, also up 14%. The company achieved significant margin improvements with GAAP operating margin of -1% (up ~1,000 basis points) and non-GAAP operating margin of 20% (up ~350 basis points).

The quarter saw over 30 multi-solution deals and increased gross bookings from new customers. Total Remaining Performance Obligation reached $1.095B, up 19% year-over-year. The company completed the FullCircl acquisition and secured notable customer wins, including expansion agreements with major banks in the U.S., Australia, Norway, and Japan.

nCino (NCNO) reported strong Q3 FY2025 results with total revenues reaching $138.8 million, up 14% year-over-year. Subscription revenues grew 14% to $119.9 million. The company significantly improved its GAAP operating margin to -1% (up ~1,000 basis points) and non-GAAP operating margin to 20% (up ~350 basis points).

The quarter saw over 30 multi-solution deals and increased gross bookings from new customers. Total Remaining Performance Obligation (RPO) grew 19% to $1.095 billion. The company completed the FullCircl acquisition and secured notable client wins, including expansion agreements with major banks in the U.S., Australia, Norway, and Japan.

For Q4 FY2025, nCino expects total revenues between $139.5-141.5 million and subscription revenues of $122.5-124.5 million.

nCino (NASDAQ: NCNO), a leading provider of intelligent banking solutions, has announced its participation in two upcoming investor conferences. The company will present at the Scotiabank Second Annual Global Technology Conference on Tuesday, December 10, at 12:45 p.m. ET, and at the Barclays 22nd Annual Global Technology Conference on Wednesday, December 11, at 6:05 p.m. ET. A live webcast of the Barclays presentation will be accessible through the company's Investor Relations website.

nCino (NASDAQ: NCNO), a leading provider of intelligent banking solutions, has announced its upcoming participation in two major investor conferences. The company will present at the Scotiabank Second Annual Global Technology Conference on Tuesday, December 10, at 12:45 p.m. ET, followed by a presentation at the Barclays 22nd Annual Global Technology Conference on Wednesday, December 11, at 6:05 p.m. ET.