NCino, Inc., the leader in secure, cloud-based operating solutions to the financial services industry, has released the latest version of its Bank Operating System to provide customers additional functionality that will drive revenue and growth in commercial lending.
The Bank Operating System's document manager improves financial institutions' transparency by allowing them instant access to any document—at anytime— across all lines of business. This central repository has been enhanced with accelerated upload speed and simultaneous file uploads for staging. Users can upload up to 25 loan documents at once and continue working while they are securely loaded into the nCino system, providing an additional layer of security in the staging area to ensure document protection.
Brookfield, Wis.-based Ridgestone Bank is a leader in small business and government-guaranteed lending with more than $390 million in assets. Carolyn Flanigan, sales assistant of the bank's SBA commercial lending division, said, "The enhancements to nCino's Bank Operating System provide our employees with all of the necessary functions to ensure a consistent commercial lending experience. The faster upload speed generated by its document manager gives our employees complete control of document transfers and makes it simple to add and rename placeholders with the built-in naming convention feature."
Additionally, the Bank Operating System now offers enterprise-wide referral management, providing more bank and credit union personnel visibility into opportunities regarding existing relationships or new prospects. nCino users can send referrals to specific individuals or to a line of business queue and then monitor their status, follow-up activity as well as win/loss ratios by various parameters. The complete referral process is now recordable on dashboards, making conversion rate measurement against goals easier than ever.
Other updates to nCino's Bank Operating System include, but are not limited to:
o Added criteria within spreads that allows for deeper analysis while saving employees time as they work end to end;
o New modeling to lower the time and complexity of configuring a credit memo; and
o More intuitive fields for transferring leads to conversion relationships.
nCino CEO Pierre Naudé said, "Customer feedback and input are the backbone of our product roadmap and have become a vital component of nCino's R&D process. This release of nCino's Bank Operating System incorporates key enhancements expressed by our customers as well as natural evolutions to the product. We will never stop exploring the potential of our technology and will continue pushing the limits of what it can do for the health and growth of institutions' loan portfolios."