NCino scores 20 bank wins in 2013
nCino, LLC, the leader in secure, cloud-based bank operating solutions to the financial services industry, announced today that more than 20 financial institutions selected the company's bank operating system solution in 2013.
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"During the past year, we have placed a significant emphasis on enhancing our product and service offerings," said Pierre Naudé, chief executive officer of nCino. "Our proactive approach to innovation and support has taken the value we provide customers to another level and has had a positive impact on loan processes and financial results within our customer banks and credit unions."
nCino has customers in 15 states, with greatest penetration in North Carolina, Georgia and Texas. The assets size of the institutions range from just under $100 million to more than $3 billion.
Two of nCino's customers share their early success with the company's operating system:
According to Andy Cheney, president and COO of $3 billion Ameris Bank, "nCino's capabilities and capacity to streamline our loan operations make it an extremely powerful solution. The bank operating system's superior information management allows us to make even better decisions on behalf of the bank and our customers."
Mary Muller, project manager at United Federal Credit Union, explained that she thinks the credit union's adoption rate on day one was about 90 percent. "We saw value out of the system the very first week of using it. When your end users can learn the basics and within a month start using it beyond what you trained them in, that is just such positive feedback."
nCino's bank operating system was designed with features that empower each stakeholder in a financial institution by consolidating multiple systems into one platform that sits alongside the core and provides instant access to pertinent data and reports. nCino's document manager eliminates the use of spreadsheets and duplicate loan documents by providing a central repository for files, allowing for a more efficient loan review process. Its comprehensive reporting tools improve transparency, while the built-in covenant tracking and business intelligence features help reduce regulatory compliance costs and policy exceptions.