nCino Acquires Sandbox Banking to Help Financial Institutions Achieve Better Data Alignment and System Interoperability
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) ha acquisito Sandbox Banking per 52,5 milioni di dollari in contante, con un'ulteriore opportunità di guadagno fino a 10 milioni di dollari basata su metriche finanziarie e di sviluppo del prodotto. Questa acquisizione rafforza le capacità della piattaforma di integrazione come servizio (iPaaS) di nCino, permettendo una connettività dati migliorata e operazioni semplificate per le istituzioni finanziarie.
L'integrazione mira ad aiutare banche e cooperative di credito a superare le sfide della trasformazione digitale, fornendo un hub di integrazione che semplifica i progetti, elimina le ridondanze e allinea i dati attraverso i sistemi bancari. I principali vantaggi includono il rapido avvio attraverso integrazioni predefinite, operazioni semplificate con processi automatizzati e una connettività dei dati migliorata tra i sistemi bancari fondamentali e ausiliari.
La tecnologia presenta adattatori prefabbricati per le piattaforme bancarie principali e oltre 50 soluzioni del settore, logica di integrazione potenziata dall'IA e la capacità di creare un'unica fonte di verità per i dati connessi. Si prevede che questa acquisizione riduca i tempi di implementazione dei progetti e i costi operativi IT per le istituzioni finanziarie.
nCino (NASDAQ: NCNO) ha adquirido Sandbox Banking por 52,5 millones de dólares en efectivo, con una oportunidad adicional de ganancia de hasta 10 millones de dólares basada en métricas financieras y de desarrollo de productos. La adquisición refuerza las capacidades de la Plataforma de Integración como Servicio (iPaaS) de nCino, permitiendo una conectividad de datos mejorada y operaciones simplificadas para las instituciones financieras.
La integración tiene como objetivo ayudar a los bancos y cooperativas de crédito a superar los desafíos de la transformación digital, proporcionando un hub de integración que simplifica los proyectos, elimina redundancias y alinea datos en los sistemas bancarios. Los beneficios clave incluyen un despliegue acelerado a través de integraciones preconstruidas, operaciones optimizadas con procesos automatizados y mejor conectividad de datos entre sistemas bancarios centrales y auxiliares.
La tecnología presenta adaptadores preconstruidos para plataformas bancarias centrales y más de 50 soluciones de la industria, lógica de integración impulsada por IA y la capacidad de crear una única fuente de verdad para datos conectados. Se espera que esta adquisición reduzca los plazos de implementación de proyectos y disminuya los costos operativos de TI para las instituciones financieras.
nCino (NASDAQ: NCNO)은 Sandbox Banking을 현금 5천250만 달러에 인수했으며, 재무 및 제품 개발 지표에 따라 최대 1천만 달러의 추가 수익 기회를 제공합니다. 이 인수는 nCino의 서비스로서의 통합 플랫폼(iPaaS) 기능을 강화하여 금융 기관의 데이터 연결성을 향상하고 운영을 간소화합니다.
이 통합은 은행과 신용 조합이 디지털 전환의 도전을 극복하도록 돕기 위해 프로젝트를 간소화하고 중복을 제거하며 은행 시스템 간의 데이터를 정렬하는 통합 허브를 제공합니다. 주요 이점으로는 미리 구축된 통합을 통한 신속한 배포, 자동화된 프로세스로 간소화된 운영, 핵심 및 부수적인 은행 시스템 전반에 걸친 데이터 연결 개선이 포함됩니다.
이 기술은 주요 은행 플랫폼을 위한 사전 구축된 어댑터와 50개 이상의 산업 솔루션, AI 기반 통합 로직 및 연결된 데이터에 대한 단일 진실 소스를 생성할 수 있는 기능을 제공합니다. 이 인수는 프로젝트 구현 시간을 줄이고 금융 기관의 IT 운영 비용을 절감할 것으로 예상됩니다.
nCino (NASDAQ: NCNO) a acquis un Sandbox Banking pour 52,5 millions de dollars en espèces, avec une possibilité de complément de jusqu'à 10 millions de dollars basée sur des indicateurs financiers et de développement de produit. Cette acquisition renforce les capacités de plate-forme d'intégration en tant que service (iPaaS) de nCino, permettant une meilleure connectivité des données et des opérations rationalisées pour les institutions financières.
L'intégration vise à aider les banques et les coopératives de crédit à surmonter les défis de la transformation numérique en fournissant un hub d'intégration qui simplifie les projets, élimine les redondances et aligne les données à travers les systèmes bancaires. Les principaux avantages incluent un déploiement accéléré grâce à des intégrations pré-construites, des opérations simplifiées avec des processus automatisés et une meilleure connectivité des données entre les systèmes bancaires centraux et auxiliaires.
La technologie comprend des adaptateurs pré-construits pour les plateformes bancaires centrales et plus de 50 solutions sectorielles, une logique d'intégration alimentée par l'IA et la capacité de créer une source unique de vérité pour les données connectées. On s'attend à ce que cette acquisition réduise les délais d'implémentation des projets et diminue les coûts opérationnels en TI pour les institutions financières.
nCino (NASDAQ: NCNO) hat Sandbox Banking für 52,5 Millionen Dollar in bar übernommen, mit einer zusätzlichen Verdienstaussicht von bis zu 10 Millionen Dollar, basierend auf finanziellen und produktentwicklungsbezogenen Kennzahlen. Die Übernahme stärkt die Fähigkeiten von nCinos Integration Platform as a Service (iPaaS) und ermöglicht eine verbesserte Datenvernetzung sowie optimierte Abläufe für Finanzinstitute.
Die Integration zielt darauf ab, Banken und Kreditgenossenschaften dabei zu helfen, Herausforderungen der digitalen Transformation zu überwinden, indem sie ein Integrationszentrum bereitstellt, das Projekte vereinfacht, Redundanzen beseitigt und Daten in Banksystemen abstimmt. Zu den wichtigsten Vorteilen gehören eine beschleunigte Bereitstellung durch vorgefertigte Integrationen, vereinfachte Abläufe durch automatisierte Prozesse und verbesserte Datenvernetzung zwischen Kern- und ergänzenden Banksystemen.
Die Technologie verfügt über vorgefertigte Adapter für Kernbankplattformen und über 50 branchenspezifische Lösungen, KI-gestützte Integrationslogik und die Fähigkeit, eine einzige Quelle der Wahrheit für verbundene Daten zu schaffen. Bei dieser Übernahme wird erwartet, dass sie die Projektimplementierungszeiten verkürzt und die IT-Betriebskosten für Finanzinstitute senkt.
- Strategic acquisition valued at $52.5M with potential $10M earn-out
- Access to pre-built integrations for 50+ industry-leading solutions
- Technology expected to accelerate project implementation timelines
- Potential reduction in IT operational costs for clients
- Enhanced AI-powered integration capabilities
- Significant cash outlay of $52.5M for acquisition
- Additional contingent payment liability up to $10M
Insights
nCino's strategic acquisition of Sandbox Banking marks a significant enhancement to their banking software ecosystem, particularly in addressing the critical challenge of system integration that has long plagued financial institutions. The
The acquisition's value proposition is compelling for several reasons:
- The integration platform significantly reduces implementation timelines, a important factor in the banking software market where lengthy deployments often lead to project delays and cost overruns
- The pre-built adapters for 50+ industry solutions create an immediate competitive advantage, as competitors typically require custom integration work for each deployment
- The AI-powered integration logic generation represents a technological leap forward, potentially reducing integration development time by
40-60%
From a market perspective, this acquisition strengthens nCino's competitive position against larger fintech players like Fiserv and FIS. The integration capabilities could lead to faster customer onboarding and higher retention rates, potentially accelerating revenue growth. The deal structure, primarily cash-based with performance incentives, suggests confidence in achieving operational synergies while maintaining flexibility for future investments.
The technology's ability to create a single source of truth for banking data is particularly valuable in the current regulatory environment, where data accuracy and audit trails are increasingly scrutinized. This feature, combined with the AI services for integration logic generation, positions nCino at the forefront of the banking technology modernization wave.
Market-leading data integration technology enables nCino to accelerate project timelines and offer increased connectivity and data sources across onboarding, loan origination, account opening and more
WILMINGTON, N.C., Feb. 11, 2025 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced the acquisition of Sandbox Banking, a digital transformation leader serving the financial services industry. This acquisition strengthens nCino's ability to enhance data connectivity and streamline operations for banks and credit unions through an industry-leading Integration Platform as a Service (iPaaS) solution for a more intelligent and harmonious technology platform.
Financial institutions frequently build new connections to support emerging products, user workflows, or external systems, but digital transformation is often slowed by time-consuming and costly integration challenges. By leveraging Sandbox Banking's technology, nCino will offer an integration hub to help financial institutions simplify these projects, eliminate redundancies, and seamlessly align data across core and ancillary banking systems, thereby driving key process improvements and accelerating the speed at which projects are implemented and live. This innovative approach enables financial institutions to rapidly deliver omnichannel experiences for their customers and provides secure, efficient, and cost-effective system interoperability without technical bottlenecks.
“We’ve closely partnered with Sandbox Banking for years through many integration projects, so we’ve seen first-hand how this technology layer improves transparency, reduces integration friction, accelerates project timelines, and creates a hub for better data connectivity,” said Chris Gufford, Chief Product Officer at nCino. “Banks and credit unions face critical demands for operational efficiency and regulatory compliance. This acquisition gives nCino a better ability to empower these institutions with a flexible, reliable data environment for greater agility to quickly integrate third party systems, AI and new technologies without disruptions.”
“Today’s financial institutions are navigating complex challenges, from managing siloed data systems to launching tech-enabled products quickly. Our combined resources offer banks and credit unions practical tools to turn these challenges into opportunities for growth and customer delight,” added Ravi Balasubramanian, CEO & Co-founder, Sandbox Banking. “By reducing manual workflows and providing a seamless path to digital transformation, nCino and Sandbox Banking are making it simpler for financial institutions to remain agile, scalable, and competitive in the modern market. We’re excited to become a part of nCino and double down on that impact.”
"Thanks to the integration between nCino and Sandbox Banking, we’ve achieved a new level of operational efficiency,” said Brian Mulcahey, Chief Information Officer, EVP at Sunflower Bank. “The connectivity between these systems streamlines key processes, reduces the burden on our loan operations team, and minimizes potential errors caused by manual data entry. This empowers us to focus on what matters the most — creating exceptional financial experiences for our customers."
Key benefits that financial institutions can expect because of the acquisition include:
- Accelerated Deployment: Customizable prebuilt integrations and advanced connectivity capabilities reduce project implementation timelines for faster deployments.
- Pre-built Adapters and Workflows: A library of prebuilt connectors for core banking platforms and 50+ industry-leading solutions in lending, deposits, CCaaS, CRM, document management, KYC/AML, underwriting, mobile banking, and analytics.
- AI services: Integration logic generation powered by banking system documentation, existing integrations, cutting-edge LLMs, and retrieval augmented generation (RAG) that saves significant integration and API development time.
- Streamlined Operations: Automated integrations and the elimination of manual data entry to reduce errors and tech debt.
- Single Source of Truth: Connected data from all systems into one accurate and auditable platform, supporting transparency and regulatory requirements.
- Time and Cost Efficiency: Faster time-to-market for new services and lower IT operational costs.
The purchase price for Sandbox Banking was Fifty-Two Million Five Hundred Thousand Dollars (
About nCino
nCino (NASDAQ: NCNO) is powering a new era in financial services. The Company was founded to help financial institutions digitize and reengineer business processes to boost efficiencies and create better banking experiences. With over 1,800 customers worldwide - including community banks, credit unions, independent mortgage banks, and the largest financial entities globally - nCino has developed a trusted platform of best-in-class, intelligent solutions. By integrating artificial intelligence and actionable insights into its platform, nCino is helping financial institutions consolidate legacy systems to enhance strategic decision-making, improve risk management, and elevate customer satisfaction by cohesively bringing together people, AI and data. For more information, visit www.ncino.com.
About Sandbox Banking
Sandbox Banking is a digital transformation leader, empowering banks and credit unions with Glyue®, a cutting-edge Integration Platform as a Service (iPaaS) created exclusively for financial institutions. Glyue® seamlessly connects 14+ of the most popular core banking platforms with over 50 industry-leading solutions in lending, deposits, CCaaS, CRM, document management, KYC/AML, underwriting, mobile banking, and analytics. Trusted by over 100 North American financial institutions ranging from
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press@ncino.com
Safe Harbor Statement
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding market trends and the expected benefits to nCino customers of the acquisition. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC's web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.
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