ABN AMRO and nCino Partnership Driving Digital Transformation across Corporate Lending
nCino, Inc. (NASDAQ: NCNO) announced that ABN AMRO, one of the largest banks in the Netherlands, has successfully implemented nCino's Cloud Banking Platform. This partnership aims to drive digital transformation across ABN AMRO's corporate lending operations and enhance collateral management across all business lines. The implementation consolidates multiple legacy systems into a single platform, streamlining the end-to-end lending process for both customers and employees.
ABN AMRO selected nCino to support its ambition of becoming a personal bank in the digital age while fostering continuous innovation. The successful project has led to an extended partnership between nCino and ABN AMRO. Accenture provided support in accelerating ABN AMRO's digital transformation strategy during the platform rollout.
nCino, Inc. (NASDAQ: NCNO) ha annunciato che ABN AMRO, una delle più grandi banche dei Paesi Bassi, ha implementato con successo la Cloud Banking Platform di nCino. Questa partnership mira a promuovere la trasformazione digitale nelle operazioni di prestito aziendale di ABN AMRO e a migliorare la gestione dei garanzie in tutte le linee di business. L'implementazione consolida diversi sistemi legacy in un'unica piattaforma, semplificando il processo di prestito end-to-end sia per i clienti che per i dipendenti.
ABN AMRO ha scelto nCino per supportare la sua ambizione di diventare una banca personale nell'era digitale, favorendo al contempo un'innovazione continua. Il progetto di successo ha portato a una partnership estesa tra nCino e ABN AMRO. Accenture ha fornito supporto per accelerare la strategia di trasformazione digitale di ABN AMRO durante il rollout della piattaforma.
nCino, Inc. (NASDAQ: NCNO) anunció que ABN AMRO, uno de los bancos más grandes de los Países Bajos, ha implementado con éxito la Cloud Banking Platform de nCino. Esta asociación tiene como objetivo impulsar la transformación digital en las operaciones de préstamos corporativos de ABN AMRO y mejorar la gestión de garantías en todas las líneas de negocio. La implementación consolida múltiples sistemas heredados en una sola plataforma, optimizando el proceso de préstamo de principio a fin tanto para los clientes como para los empleados.
ABN AMRO eligió nCino para apoyar su ambición de convertirse en un banco personal en la era digital, mientras fomenta la innovación continua. El proyecto exitoso ha llevado a una asociación ampliada entre nCino y ABN AMRO. Accenture brindó apoyo para acelerar la estrategia de transformación digital de ABN AMRO durante el despliegue de la plataforma.
nCino, Inc. (NASDAQ: NCNO)는 네덜란드 최대 은행 중 하나인 ABN AMRO가 nCino의 클라우드 뱅킹 플랫폼을 성공적으로 구현했다고 발표했습니다. 이 파트너십은 ABN AMRO의 기업 대출 운영 전반에 걸쳐 디지털 혁신을 촉진하고 모든 비즈니스 라인의 담보 관리를 향상시키는 것을 목표로 합니다. 구현은 여러 레거시 시스템을 하나의 플랫폼으로 통합하여 고객과 직원 모두에게 원활한 대출 프로세스를 제공합니다.
ABN AMRO는 디지털 시대에 개인 은행으로 성장하고 지속적인 혁신을 촉진하기 위해 nCino를 선택했습니다. 이 성공적인 프로젝트는 nCino와 ABN AMRO 간의 확대된 파트너십으로 이어졌습니다. Accenture는 플랫폼 배포 동안 ABN AMRO의 디지털 전환 전략을 가속하는 데 도움을 주었습니다.
nCino, Inc. (NASDAQ: NCNO) a annoncé quABN AMRO, l'une des plus grandes banques des Pays-Bas, a mis en œuvre avec succès la Cloud Banking Platform de nCino. Ce partenariat vise à favoriser la transformation numérique des opérations de prêt aux entreprises d'ABN AMRO et à améliorer la gestion des garanties dans toutes les lignes de métier. La mise en œuvre regroupe plusieurs systèmes obsolètes sur une seule plateforme, rationalisant le processus de prêt de bout en bout tant pour les clients que pour les employés.
ABN AMRO a choisi nCino pour soutenir son ambition de devenir une banque de proximité à l'ère numérique tout en favorisant l'innovation continue. Ce projet réussi a conduit à un partenariat élargi entre nCino et ABN AMRO. Accenture a apporté son soutien pour accélérer la stratégie de transformation numérique d'ABN AMRO durant le déploiement de la plateforme.
nCino, Inc. (NASDAQ: NCNO) gab bekannt, dass ABN AMRO, eine der größten Banken in den Niederlanden, die Cloud Banking Platform von nCino erfolgreich implementiert hat. Diese Partnerschaft zielt darauf ab, die digitale Transformation in den Unternehmenskreditoperationen von ABN AMRO voranzutreiben und das Collateral Management in allen Geschäftsbereichen zu verbessern. Die Implementierung konsolidiert mehrere Altsysteme in einer einzigen Plattform und optimiert den End-to-End-Kreditprozess für sowohl Kunden als auch Mitarbeiter.
ABN AMRO wählte nCino, um ihrer Ambition, im digitalen Zeitalter eine persönliche Bank zu werden, gerecht zu werden und kontinuierliche Innovation zu fördern. Das erfolgreiche Projekt führte zu einer erweiterten Partnerschaft zwischen nCino und ABN AMRO. Accenture unterstützte ABN AMRO bei der Beschleunigung ihrer digitalen Transformationsstrategie während der Einführung der Plattform.
- Successful implementation of nCino's Cloud Banking Platform at ABN AMRO, a major European bank
- Extended partnership between nCino and ABN AMRO following successful project completion
- Consolidation of multiple legacy systems into a single platform, improving operational efficiency
- Enhanced collateral management capabilities across all business lines
- None.
Insights
The partnership between ABN AMRO and nCino marks a significant step in the digital transformation of corporate lending in Europe. By implementing nCino's Cloud Banking Platform, ABN AMRO is positioning itself at the forefront of technological innovation in the banking sector.
This move is likely to enhance ABN AMRO's operational efficiency and customer experience, potentially leading to increased market share and improved profitability in the competitive corporate lending space. The consolidation of legacy systems into a single platform should result in cost savings and streamlined processes, which could positively impact the bank's bottom line.
For nCino, this high-profile partnership with a top European bank could serve as a catalyst for further expansion in the European market, potentially driving
ABN AMRO's adoption of nCino's platform is a strategic move that aligns with the broader industry trend of digital transformation in banking. This partnership addresses key challenges faced by traditional banks, including legacy system inefficiencies and the need for enhanced digital capabilities to meet evolving customer expectations.
The focus on collateral management across all business lines is particularly noteworthy, as it could lead to improved risk management and potentially lower capital requirements under Basel regulations. This could have a positive impact on the bank's regulatory compliance and capital efficiency.
The extended partnership suggests a successful initial implementation, which bodes well for both companies. For ABN AMRO, this could translate into a competitive advantage in corporate lending, while for nCino, it represents a strong reference case for future sales in the European banking market.
Top 25 European bank implements nCino to support its transformation strategy
LONDON and AMSTERDAM, Aug. 20, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, announced that ABN AMRO, one of the largest banks in the Netherlands, is live on nCino’s Cloud Banking Platform.
ABN AMRO selected nCino as a key technology platform to strengthen the Bank’s ambitions to be a personal bank in the digital age by supporting continuous innovation. ABN AMRO is utilizing nCino across its corporate lending operations, as well as for collateral management across all its lines of business. By implementing nCino, ABN AMRO is unlocking added business value through enhanced collateral management and consolidating multiple legacy systems into one platform, unifying its end-to-end lending process for both customers and employees. As a result of the successful project and go-live, nCino and ABN AMRO have extended their partnership.
Accenture helped to accelerate ABN AMRO’s digital transformation strategy by leveraging its global experience and regional expertise to support the roll out of the platform.
“We have selected nCino to take the bank forward in our strategy to provide clients with industry-leading lending products, to offer a digital experience, to strengthen the personal contact with our clients and to be compliant by design,” says Sumitra Moeller, Head of Financing Solutions at ABN AMRO.
Mel Jacobs, Head of IT Corporate Banking & Wealth Management at ABN AMRO, adds “Our partnership with nCino is instrumental for our lending transformation roadmap.”
"We are incredibly excited about our expanded partnership with ABN AMRO,” said Charlie McIver, Managing Director, EMEA at nCino. “ABN AMRO understands the value of a single platform and the data foundations needed to drive digital transformation for its large, ECB regulated business. This major milestone is the foundation for future growth and transformation, and we are excited to support the continued innovation, and further integrate our intelligent, data-driven solutions."
The nCino platform offers a comprehensive suite of banking solutions that optimize loan origination, credit analysis, collateral management and portfolio management, providing the transparency needed in a highly regulated industry.
About nCino
nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. Through its single software-as-a-service (SaaS) platform, nCino helps financial institutions serving corporate and commercial, small business, consumer, and mortgage customers modernize and more effectively onboard clients, make loans, manage the loan lifecycle, and open accounts. Transforming how financial institutions operate through innovation, reputation and speed, nCino is partnered with more than 1,800 financial services providers globally. For more information, visit www.ncino.com.
Media Contacts
Natalia Moose
press@ncino.com
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FAQ
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