NCino, Inc., the leader in secure, cloud-based operating solutions to the financial services industry, announced today that Banc of California has selected its Bank Operating System to automate and standardize commercial and SBA lending.
With more than $4 billion in assets, Banc of California has over 80 locations throughout the state. Its specialized product mix and unique niche of business borrowers meant a traditional LOS would disjoint the loan process and make a messy paper trail. As an alternative, nCino's Bank Operating System provides a single platform for lead generation through to origination, funding and reporting - regardless of the loan type. It completely automates all document workflows, leading to a more productive and streamlined lending environment while also granting the bank increased transparency into loan production. With the CRM, monitoring and reporting capabilities, Banc of California can see the maturity of each loan and its relevance to the portfolio's performance over time, enabling its lenders to be better relationship managers for proactive outreach about renewals, new products and more.
Jade Bautista, director of operations and strategy for Banc of California's Financial Institutions Group, explained, "Operationally nCino gives us everything we need. Its dynamic Bank Operating System pushes the boundaries for exceptional lending standards and provides us the comfort to be creative and offer unique products while not having to be confined by platform limitations. nCino provides us with the foundation to meet our commitments and offer the best banking services throughout California."
nCino provides financial institutions with a cloud-based Bank Operating System that provides a deeper level of clarity to retail, consumer and commercial loan production. It is fully customizable and scalable, able to offer a comprehensive borrower perspective based on the definitive needs of any bank or credit union.
"Banc of California faced the common challenge of needing a platform that could support its particular product mix and concentrated borrower segment," said Pierre Naudé, CEO, nCino. "Our Bank Operating System will fundamentally help its lenders execute quality loans while delivering significant returns in quicker funding and reduced operating costs. The view they now have into loan management should enable smarter decisions in forecasts, pricing and goal setting."