Absa Bank Limited Selects nCino to Optimize its Relationship Banking Debt Management Business
nCino, a leader in cloud banking, announced that Absa Bank has selected its Bank Operating System to automate debt case management and reporting in its Relationship Banking Business. This partnership aims to enhance efficiency and improve both employee and customer experiences as Absa accelerates its digitization program. The implementation of this cloud-based platform is seen as a significant milestone in Absa's digital transformation strategy.
- nCino's platform is expected to streamline Absa's internal processes.
- The partnership aligns with Absa's goals of becoming a digitally powered business.
- nCino expands its footprint in the African banking sector.
- None.
JOHANNESBURG, South Africa, Nov. 01, 2022 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Absa Bank Limited (Absa), a leading African bank, has selected the nCino Bank Operating System®, to deliver a single platform solution to automate its debt case management and portfolio reporting processes in its Relationship Banking Business.
As the bank accelerates its digitization programme, nCino will deliver this cloud-based platform and help Absa reduce complexity and eliminate high-touch processes, ultimately enhancing its employee and customer experience and improving efficiency.
“The introduction of nCino will provide Absa with a single centralized workflow solution, which will streamline its internal processes,” said Kate Jane Johnsen, Regional Vice President at nCino. “I am eager to see the results of this partnership in action.”
“We are confident that the nCino platform will support our ambitions to be a digitally powered business,” said Sugandree Mudely from Absa Relationship Banking. “The delivery of this solution is a meaningful milestone in our digital transformation.”
About nCino
nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. The nCino Bank Operating System® empowers financial institutions with scalable technology to help them achieve revenue growth, greater efficiency, cost savings and regulatory compliance. In a digital-first world, nCino’s single cloud-based platform enhances the employee and client experience to enable financial institutions to more effectively onboard clients, make loans and manage the entire loan life cycle, and open deposit and other accounts across lines of business and channels. Transforming how financial institutions operate through innovation, reputation and speed, nCino is partnered with more than 1,750 financial institutions of all types and sizes on a global basis. For more information, visit www.ncino.com.
About Absa Bank Limited
Absa Bank Limited (‘Absa Bank’) is a wholly-owned subsidiary of Absa Group Limited, which is listed on the Johannesburg Stock Exchange and is one of Africa’s largest financial services groups. Absa offers a range of retail, business, corporate and investment banking and wealth management and insurance products and services primarily in South Africa and Namibia.
For further information about Absa, please visit our website www.absa.co.za
Media Contacts
EMEA
Natalia Moose, nCino
+44 7825 211135
natalia.moose@ncino.com
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