nCino Bank Operating System® selected by Barclays
nCino has partnered with Barclays to enhance digital operations using the nCino Bank Operating System, aimed at streamlining client onboarding. The platform integrates key banking processes including KYC and loan origination, allowing institutions to efficiently manage risk and performance. CEO Pierre Naudé emphasized the importance of digital services in today’s environment, while Barclays' Paul Compton highlighted improvements in operational resilience and client service. The collaboration aims to enhance overall efficiency in financial services, which is crucial in the current digital-first landscape.
- Partnership with Barclays enhances nCino's market position.
- nCino Bank Operating System streamlines onboarding, improving efficiency.
- Integration of KYC and loan origination in one platform reduces operational complexity.
- None.
Barclays is utilizing the cloud-based nCino platform to digitally streamline operations
WILMINGTON, N.C. and LONDON, Oct. 15, 2020 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Barclays, a British universal bank with businesses across the globe, has adopted the nCino Bank Operating System to streamline various onboarding processes.
The nCino Bank Operating System enables financial institutions to onboard new clients efficiently, by incorporating activities including Know-Your-Customer (KYC), loan origination, and regulatory compliance in one platform. The nCino Bank Operating System provides financial institutions a centralised view of risk and performance information across the institution’s portfolio, helping to drive strategic decision-making and enhance operational efficiency by connecting stress testing, expected losses, asset/liability modelling, and more.
Pierre Naudé, CEO at nCino noted, “We are extremely proud to be working with Barclays. Innovation is driven by collaboration, and we’re excited to support Barclays with this agile, cloud-based approach to client onboarding. As clients engage with their financial institution in more digitally minded ways resulting from the pandemic and clear trends in shifting consumer preferences, it’s more important than ever to provide personalized services and to be able to do so remotely – from anywhere, at any time and on any device.”
“As speed and digital capabilities become ever more critical, it’s important that we adopt agile and innovative technology to help us accelerate and streamline processes,” said Paul Compton, Global Head of Banking at Barclays, and Co-President of Barclays Bank PLC. “The nCino platform has helped us simplify our workflows and increase our operational resilience, which ultimately helps us to provide better service to our clients.”
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 digital platform enhances the employee and client experience to enable financial institutions to more effectively onboard new 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 works with more than 1,200 financial institutions globally, whose assets range in size from
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FAQ
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