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nCino, Inc. (NASDAQ: NCNO) is a leading financial technology company headquartered in Wilmington, North Carolina. Founded in 2011, nCino offers a cloud-based banking solutions platform built on Salesforce, designed to modernize and streamline the complex processes within financial institutions. The company's software suite digitizes, automates, and enhances workflows through the integration of data analytics and artificial intelligence.
The core services provided by nCino include client onboarding, loan origination, deposit account opening, and regulatory compliance management. These modules help financial institutions improve efficiency, reduce loan processing times, and enhance customer experiences. nCino caters to a wide range of clients including enterprise banks, regional banks, community banks, and credit unions, with the majority of its revenue derived from subscription services within the United States.
nCino has been steadily growing its market presence and recently announced significant partnerships and acquisitions. Notably, it partnered with Mechanics and Farmers Bank (M&F) to provide improved access to capital for diverse communities. The collaboration with M&F Bank helps streamline loan processing and enhances the banking experience for underserved markets. Additionally, nCino acquired DocFox, a solution provider that automates onboarding processes for commercial and business banking. This acquisition aims to unify and manage client lifecycles more effectively across financial institutions.
nCino continues to innovate and expand its product offerings. The recent implementation of their Automated Spreading Solution for Desjardins Group demonstrates their commitment to leveraging machine learning to improve underwriting processes and enhance operational efficiencies. These strategic developments highlight nCino's pivotal role in transforming the financial services industry through technology and innovation.
With a customer base of over 1,800 financial institutions worldwide, nCino is dedicated to driving change in the banking sector by providing reliable, efficient, and innovative solutions that meet the evolving needs of its clients.
nCino, a leader in cloud banking technology, announced that First Horizon Bank is implementing its Bank Operating System post-merger with IBERIABANK. This deployment involves more than 2,000 associates and aims to enhance commercial and small business lending as well as treasury management. The platform will deliver improved efficiency, transparency, and automation, ultimately accelerating decision-making and funding processes for clients. This strategic move follows a successful partnership with IBERIABANK, enabling First Horizon to leverage nCino's technology for a better client and associate experience.
nCino (NASDAQ: NCNO) has partnered with Citadele Bank, the second largest bank in Latvia, to modernize its corporate lending processes using the nCino Bank Operating System. This collaboration aims to improve the efficiency of loan applications and enhance the client experience by digitizing the loan origination process. Citadele's adoption of nCino's platform will lead to reduced costs, improved audits, and greater visibility in the lending workflow. The bank seeks to enhance its digital strategy amidst growing competition in the Baltics.
nCino, Inc. (NASDAQ: NCNO) announced the appointment of Jennifer Geary as General Manager, EMEA, strengthening its European presence. Geary, with over 20 years of experience in finance and technology, will spearhead operations in Europe, Africa, and the Middle East. The company launched its German subsidiary, nCino Germany GmbH, to meet rising demand among German financial institutions for innovative digital banking solutions. nCino serves over 1,200 financial institutions globally, offering a cloud-based platform aimed at enhancing efficiency and compliance.
nCino (NASDAQ: NCNO) will report its financial results for the fourth quarter and fiscal year ended January 31, 2021, on March 31, 2021, after market close. A conference call and webcast will follow at 4:30 p.m. ET. The company is recognized as the leader in cloud banking, empowering financial institutions through its Bank Operating System, which enhances revenue growth, efficiency, and regulatory compliance. nCino currently partners with over 1,200 financial institutions worldwide.
nCino (NASDAQ: NCNO) has announced its cloud-based Bank Operating System is now live with Recognise, a newly licensed SME-focused challenger bank in the UK. This partnership aims to enhance client interactions, enabling a more efficient and tailored banking experience for SMEs, which represent 60% of private sector jobs in the UK. Recognise plans to leverage nCino’s technology for streamlined loan processing and compliance, while aiming to improve customer service by allowing employees to focus more on client relationships.
nCino announced the deployment of its Bank Operating System by Platinum Bank, a $425 million-asset institution, aimed at optimizing business lending amid the digital transformation accelerated by COVID-19. Using nCino's Accelerate delivery model, Platinum Bank quickly implemented core functionalities, allowing for seamless collaboration and faster credit decisions. The model enables cost-effective digital transformation and rapid feature adoption, promising enhanced efficiency and potential double-digit loan growth in coming years.
nCino, Inc. (NASDAQ: NCNO) announced the successful digital upgrade of TCU Financial Group's business lending processes using its nCino Bank Operating System. The collaboration with Deloitte enabled rapid implementation during the COVID-19 pandemic. TCU Financial Group, with CA$773 million in assets, recognized the necessity of digitization to better serve its members. The new system offers automated workflows, real-time reporting, and enhanced lending processes, allowing employees to focus more on member relationships and future service improvements.
nCino (NASDAQ: NCNO) announced that Cynergy Bank has adopted its Bank Operating System to enhance SME lending processes. This follows Cynergy's successful deployment of the Coronavirus Business Interruption Loan Scheme (CBILS) last year. With nCino, the bank aims to improve operational efficiency and customer service, reducing manual tasks for employees. Cynergy Bank is committed to delivering a human digital banking experience while utilizing technology to adapt to evolving customer needs.
nCino, a leader in cloud banking, will present at the 23rd Annual Needham Virtual Growth Conference on January 13 at 3:30 p.m. ET. The event will be accessible via a live webcast and later replay on the company’s investor relations website. nCino's Bank Operating System enhances financial institutions' operations, helping over 1,200 clients globally improve efficiency, revenue, and compliance across various banking processes. For more details, visit nCino’s investor relations page.
nCino, Inc. (NASDAQ: NCNO) announced that Mitsubishi UFJ Capital and SMBC Venture Capital have acquired equity stakes in its Tokyo subsidiary, nCino K.K. This move aims to bolster nCino's presence in Japan and drive the digital transformation of local financial institutions. Itsuki Nomura, previously with Dell Technologies, has been appointed general manager of nCino K.K. The company’s cloud-based platform enhances profitability and efficiency for financial institutions globally, which are increasingly seeking digital solutions during the ongoing pandemic.
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