20 September 2017
Visit http://response.ncr.com

WSFS Bank signs on with nCino

25 October 2016  |  2782 views  |  0 Source: nCino

nCino, the worldwide leader in cloud banking, announced today that WSFS Bank has selected its Bank Operating System to more cost effectively grow the institution’s commercial and small business lending portfolio.

WSFS Bank is the oldest and largest bank and trust company headquartered in Delaware and the Delaware valley, with a rich history of supporting area businesses. Over the past four years, it has grown its small business lending division by 100 percent through organic growth, as well as acquisition. The bank realized that maintaining consistent growth and high performance measured by ROA would require more effective use of technology. WSFS Bank determined that nCino would increase efficiencies across the institution while reducing loan onboarding and servicing costs, ultimately growing its loan book another 30 percent without adding to back office personnel. nCino’s Bank Operating System provides WSFS Bank with a secure, cloud-based platform that combines loan origination with customer relationship management (CRM), business process management and reporting all within a single, central place.

“Today’s business borrower expects speed and values surety of execution,” said Glenn Kocher, Senior Vice President and Director of Small Business Banking for WSFS Bank. “With the automation afforded by nCino’s Bank Operating System we anticipate same-day approvals for small business loans. In addition, the platform’s evolving feature functionality supports current and future initiatives, such as online application and mobile lending, so that we can better serve our customers’ needs and enhance their overall experience.”

Kocher added that nCino’s roots in commercial and small business lending, as well as references from existing nCino customers, helped validate the bank’s decision. nCino’s Bank Operating System will help WSFS Bank scale for further growth, employing automation to eliminate duplication of work and expedite loan processing. At the same time, the institution gains greater transparency and collaboration throughout its lending operations.

Josh Glover, EVP of Community and Regional Sales at nCino, explained, “Institutions like WSFS Bank must find ways to foster their growth while maintaining an exceptional customer experience. We’re excited to partner with WSFS Bank at a time when its business is expanding, so that we may help strengthen current processes and introduce additional customer touchpoints. This financial institution understands how innovative technology can support the connection between cost efficiency with growth and service.” 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.temenos.comvisit www.vasco.com

Top topics

Most viewed Most shared
JPMorgan Chase chief says he would fire traders dealing in bitcoin for stupidityJPMorgan Chase chief says he would fire tr...
10530 views comments | 16 tweets | 29 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10033 views comments | 6 tweets | 17 linkedin
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
9330 views comments | 21 tweets | 39 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
8970 views comments | 6 tweets | 3 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
7402 views comments | 5 tweets | 4 linkedin

Featured job

Find your next job