News
The latest nCino news, events, and press.
Don't Fear the Cloud
Pierre Naudé, CEO of nCino, authored a Bank News article on the reasons why choosing a cloud banking solution is as important as choosing a bank vault manufacturer. For community banks interested in secure cloud technology, the challenge can be selecting the right cloud-based solution. Naudé uses the FFIEC's step-by-step process on managing outsourced cloud vendors to ensure that banks select the right cloud provider. Using a bank's physical security for comparison he notes how failure to take the right precautions could result in compromised customer data and costly fines.
Read Article
nCino Expands Customer Base with Bank of Floyd
nCino, the leader in cloud banking, expands its customer base with Floyd, Virginia based Bank of Floyd. "We saw the nCino platform as a central driver in developing a more consistent and compliant loan origination process - to replace substantially manual and highly variable credit processes. nCino is very intuitive, practical, and comprehensive - obviously developed for Bankers by Bankers. By utilizing simple, logical, and accountable workflows, this solution fundamentally and positively changes the behavior of all parties in the credit process - from the customer to the bank's closing personnel," said Michael D. Larrowe, President and CEO of The Bank of Floyd.
View PDF | Read Press Release | Read Article
nCino's Innovative Training System Helps Banks Succeed and Gain Operational Efficiencies
nCino University was created as a training tool for nCino users to most effectively use the Bank Operating System solution and learn about industry best practices for banks and credit unions. More than 300 users from fourteen financial institutions are using nCino University as a training tool. The University currently comprises over 100 courses including reporting, loan origination, customer relationship management, and business process improvement. Courses and training are continually updated with the latest features and industry best practices.
View PDF | Read Press Release | Read Article
nCino Partners With North Carolina and South Carolina Bankers Associations
nCino has been selected as an endorsed vendor by Community Bank Services, a subsidiary of the North Carolina Bankers Association, to actively promote and educate North Carolina based community banks on the value of nCino's cloud banking solution. nCino has also entered into a referral partnership agreement with the South Carolina Bankers Association to introduce the nCino Bank Operating System to community banks in South Carolina.
View PDF | Read Press Release | Read Article
nCino and Force.com Platform Illustrate Success for Financial Institutions
The nCino success story provides a powerful model for application development on the Force.com platform through its Bank Operating System solution. Accessible on the Salesforce.com AppExchange nCino has developed a loan origination system that is streamlined and effective. The company's initial data shows that it can cut twenty five percent of the loan cycle time and put money into the hands of the business borrower faster than its competition thus providing a unique form of competitive differentiation for community banks and credit unions.
Read Article
nCino CEO and Vice President Speaking at American Banker Association Seminar
nCino CEO Pierre Naudé and Regional Vice President Mary Ellis Gabriel will be presenting at the American Bankers Association Seminar for Presidents on March 12 in Bonita Springs, Florida. The seminar is an annual event designed to provide creative solutions to leadership challenges for top community bank Presidents. Naudé and Gabriel's presentation is titled, "Swinging for the Fences: Increasing Productivity and Profitability, Managing Regulations, and Complete Management Transparency."
Read Press Release
ABA Banking Journal Analyzes How nCino "Turbo Boosts" Business Lending
In an ABA Banking Journal article by featured contributing editor, John Ginovsky, the story of how nCino was developed and tested by bankers within Live Oak Bank is eloquently told. Titled "Turbo-Boosted Business Lending De Novo Uses Cloud, Software for Ultra-Efficient Process" the article describes how nCino's solution helped Live Oak Bank achieve a return on assets of 4.5% and a return on equity of 50%. Pierre Naudé, CEO of nCino, and Neil Underwood, President and COO of Live Oak Bank, are featured in the article.
Read Article
nCino Releases Version 3.0 of the Bank Operating System
The latest product release of the Bank Operating System includes updates to its branch management, credit underwriting, risk review and relationship statistics systems. The product now lets customers underwrite loans entirely within the nCino system, develop spreadsheets and other statements and retrieve statistics for individual branches. "The Bank Operating System and nCino provide true and continued value to financial institutions, as evidenced by the continual enhancement of our core products and the introduction of new features," said Pierre Naudé, CEO of nCino.
View PDF | Read Press Release | Read Article
Four Financial Institutions Select nCino Bank Operating System Solution
nCino, the leader in cloud banking, expands its customer base with the addition of four new customers; Savannah, Georgia based The Coastal Bank, Four Oaks, North Carolina based Four Oaks Bank, Schaumburg, Illinois based Ridgestone Bank, and St. Joseph, Michigan based United Federal Credit Union. "We selected nCino's bank operating system solution because it will enable us to provide faster loan decisions to our customers and improve the banking relationship experience," said Jim LaHaise, president and CEO of The Coastal Bank. "This new system will help us maximize efficiency, improve the management of our lending processes and enhance compliance reporting."
View PDF | Read Press Release
Bank Innovation Highlights nCino as the Cloud Banking Solution
Pullen Daniel, Managing Director of nCino, authored an article with Bank Innovation titled "How Banks Can Get the Most Out of the Cloud." The article discusses emerging cloud technologies and how banks can begin developing a strategy for cloud banking and connecting the value to their business needs. Highlighting a number of key stakeholders including bank directors and lending staff as well as regulators the authors deliver a comprehensive analysis for the banking industry.
Read Article
nCino To Host Special Banking Event with John Mack, January 23rd in NYC
nCino, Live Oak Bank and Salesforce.com are hosting a special event on the "Future of Banking," January 23rd from 4 - 7pm at the prestigious St. Regis Hotel in New York City. This event features John Mack, the former CEO of Morgan Stanley, who will share the amazing story of how he successfully navigated Morgan Stanley through the 2008 financial crisis and his view on the current state and future of the economy and banking industries. Also featured is a look at how CRM (customer relationship management), operational transparency, and regulatory compliance will evolve within community banks over the next five years. This event is free for bankers and financial service professionals.
Event Invitation | Register Here
nCino Achieves SOC 2 Certification for Data Security and Process
nCino announced the successful completion of its SOC 2 compliance certification. The SOC 2 certification demonstrates that nCino has all the necessary controls in place regarding security and availability to protect valuable customer data from potential risks. nCino received the highest rating in their Service Auditors' Report with a clean opinion and no exceptions noted during security testing and reporting. The highest compliance rating ensures that nCino's policies, procedures, and infrastructure for data protection, security, and confidentiality exceeded the stringent SOC 2 criteria.
View PDF
|
Read Article
Coastal Bank & Trust Implements nCino Bank Operating System
nCino announced that Jacksonville, N.C.-based Coastal Bank & Trust has selected the nCino Banking Operating System, specifically nCommerical, to improve its commercial lending process and increase productivity and profitability. According to Robert L. Norris, Jr., president and chief executive officer of Coastal Bank & Trust, the community bank prides itself on offering the personal touch of the past with the technology of today. nCommercial helps eliminate spreadsheets and duplicate loan documents, making tracking loans easier and communication more effective throughout the lending and bank management facets as well as with regulatory requirements.
View PDF
|
Read Article
nCino's Bank Operating System Helps Banks Innovate
In an Independent Banker article titled "Innovating on Inside Know-How", one of nCino's customers, Live Oak Bank, was featured. Author Tam Hambert analyzed how nCino's Bank Operating System allows Live Oak Bank to innovate by following new paths in loan operations, productivity and compliance. Chip Mahan (CEO) and Neil Underwood (COO and President) were interviewed for the article and shared the story behind Live Oak Bank's success and role in helping to launch nCino.
Read Article
How nCino's Solution Streamlines Loan Processing and Regulatory Compliance
The Scotsman Guide highlighted many of today's banking challenges around streamlining loan processing in light of increasing regulations and compliance in its article titled "Just Add Transparency". Specifically, delays in loan processing and operational inefficiencies are leading to increasing customer dissatisfaction and higher portfolio risk. Chris Worel, a former bank President and CEO, tackles these issues and discusses how banking technology such as nCino's Bank Operating System can provide transparency, greater operating efficiency, and improved regulatory compliance and portfolio management.
View PDF
|
Read Article
American Banker Profiles nCino CEO
Pierre Naudé joined nCino as CEO in February 2012 to lead and grow the Wilmington, North Carolina based software company. Under Naudé's leadership nCino signed six customers within his first three months in the role and has since grown its customer portfolio to ten banks. Naudé is a veteran of the financial technology industry having had executive roles at S1 Corporation, a leading global financial services software company and at Unisys Corporation, a global technology services and solutions company.
Read Article
Credit Union Times Highlights nCino
The Credit Union Times highlighted the nCino software solution in an article written by Peter Strozniak, titled "Cloud Loan Processing is Game Changer." The article profiles nCino's solution and the value it offers to the Credit Union industry. It also focuses on one of nCino's customers; Northwest Federal Credit Union, based in Herndon, VA, and how the software has been particularly beneficial with commercial loans including SBA loans.
Read Article
American Banker Highlights nCino Bank Operating System
Penny Crosman, the Editor in Chief of Bank Technology News covered the nCino launch by writing an informative article entitled "Online Banking Pioneer Debuts Cloud-Based Loan System." The article which was featured on the American Banker website captured the story behind how the nCino Bank Operating System was developed and perfected at Live Oak Bank before being launched into the broader banking industry. Live Oak Bank has enjoyed significant gains in profitability and productivity since implementing the nCino solution in 2010 that nCino looks to replicate with new banking customers.
View Article
nCino Launches Cloud-Based Bank Operating System for Financial Institutions
Recognizing the unmet need at financial institutions for a comprehensive, secure, cloud-based technology that enables heightened transparency and greater detail into banking operations - specifically in the lending department, nCino today launches the Bank Operating System comprised of nCommercial, nRetail, nMortgage and nCompliance.
"In recent years, financial institutions have faced a number of challenges - a lack of process around origination and portfolio management, whether to focus the limited resources they have on compliance or efficiency and little coordination across departments," said Pierre Naudé, chief executive officer of nCino. "We built the Bank Operating System within a live bank environment to address these challenges as securely and comprehensively..."
Read Press Release
nCino Solution Perfected at Live Oak Bank
The story of how nCino was founded and located in Wilmington, North Carolina was eloquently captured by reporter Jenny Calison of the Greater Wilmington Business Journal. The article features quotes from the company's founders Chip Mahan and Neil Underwood as well as CEO Pierre Naudé and highlights nCino's banking target market and growth aspirations.
View PDF | Read Full Article
