nCino enhances efficiency to support growth ambitions while helping ensure data security at the Tokyo-based financial institution
Tokyo and Wilmington, NC -- 12 SEPTEMBER 2023 -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that The Nomura Trust & Banking Co., Ltd. (Nomura Trust), a Japanese trust bank and wholly-owned subsidiary of Nomura Holdings, Inc., has successfully implemented and is live on the nCino Cloud Banking Platform. This development marks a significant step forward in Nomura Trust's modernization journey.
Established in 1993, Nomura Trust provides trust and banking services, and currently has over ¥50 billion in capitalization. The bank recognized the need to modernize its operations to better serve its customers in the future and achieve key business objectives including eliminating inefficient operations, ensuring data security, integrating, and centralizing data, and better utilizing deal information.
After careful consideration, Nomura Trust chose nCino for its robust CRM capabilities, end-to-end loan approval functionality, and flexible cloud-based implementation. The platform also provides capabilities of customer-centric data management with improved security, which enables high-value-added services to customers and can help the bank drive top line growth.
Ashman Bank is a new entrant bank in the UK that is focused on providing real estate lending to small and medium-sized businesses (SMEs).
Ashman Bank has partnered with nCino, a cloud-based banking platform, to provide faster decision-making and more flexible credit offerings to its customers.
Ashman Bank’s implementation of nCino will allow the Bank to better serve its customers and compete with competitor banks in the UK.
Partnership will support real estate lender with fast decision making and flexible credit offerings via a cloud-based platform.
LONDON, UK, 27 October 2022 — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced its partnership with Ashman Bank, a new entrant bank with plans to transform the banking experience for UK property SMEs (small and medium sized enterprises), a £90bn market opportunity. Ashman Bank, which was awarded the UK’s first new banking licence in 2022, has selected nCino’s Bank Operating System® as its foundational technology for its life cycle property finance solution, from refurbishment right through to development and investment.
Through its digital-first and cloud-based approach to commercial real estate lending, Ashman Bank aims to drive change in an industry where over four-fifths (84%) of SMEs are frustrated by slow decision-making and inflexible credit offerings. By implementing nCino, Ashman Bank will offer products and services that provide the know-how and incentives to create the sustainable properties and practices of tomorrow and make it easier for SMEs to access the right financing for their needs, delivered with speed, automation, and personalisation.
“Partnering with nCino takes us one step closer to being able to transform the banking experience for property SMEs,” Caroline Luxmore, Chief Commercial Officer at Ashman Bank added.
“nCino gives us the best and most efficient platform for us to realise our ambitions as a digital-first bank, and we believe that together we can create a meaningful change in the UK real estate market.”
“Ashman Bank is an ambitious new entrant that will provide real estate lending for conscientious businesses in the UK. It is bringing an innovative approach to commercial real estate, and nCino can help the Ashman team execute, grow and adapt as the bank expands,” said Charlie McIver, Managing Director, EMEA at nCino. “We’re proud to be playing a role in Ashman’s launch.”
Ashman plans to launch early in 2023. The senior leadership team boasts extensive experience in the financial services sector, with previous roles across Barclays, HSBC, RBS, Aldermore, Monzo, and Capital One. Its launch builds on the established record of UK new entrant banks, with innovative technology and customer experience at the forefront of all operations.
About Ashman Bank
Established by a team of passionate entrepreneurs and seasoned bankers, Ashman is an ambitious new entrant planning to provide real estate lending for conscientious businesses and simple savings for conscious consumers.
To learn more visit www.ashmanbank.co.uk
Ashman and Ashman Bank are trading names of Ashman Bank Limited a company registered in England and Wales (company number 10907522) and its registered office is: 2nd Floor Rutland House, 148 Edmund Street, Birmingham, England, B3 2FD. Ashman Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number 848460).
nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. The nCino Bank Operating System® empowers financial institutions with scalable technology to help them achieve revenue growth, greater efficiency, cost savings and regulatory compliance. In a digital-first world, nCino’s single cloud-based platform enhances the employee and client experience to enable financial institutions to more effectively onboard clients, make loans and manage the entire loan life cycle, and open deposit and other accounts across lines of business and channels. Transforming how financial institutions operate through innovation, reputation and speed, nCino is partnered with more than 1,850 financial institutions of all types and sizes on a global basis. For more information, visit www.ncino.com.
 Source: CASS 2018 business survey