Of the four challenger banking licenses granted by Australian regulators in 2019, only one is still standing – and the Financial Times says it’s growing faster than any other financial institution in Asia-Pacific. At nSight 2023, Judo Bank COO, Lisa Frazier, shared what differentiates Judo Bank and how nCino has been a foundational part of its journey.SME business bank, Judo Bank is on a strong growth trajectory reflected in its lending book that jumped nearly 25% to A$7.5 bn in the six months to the end of December 2022. This growth was recognized in April 2023, when the Financial Times identified Judo as the fourth fastest growing company in Asia Pacific out of the top 500 high-growth businesses in the region.
According to Chief Operating Officer, Lisa Frazier, Judo Bank began in 2016 when a deeply experienced group of bankers who were passionate about the SME economy came together to help establish the challenger bank.
“In 2016, we were a PowerPoint standalone idea. It was very hard to raise money,” she recalls.
Yet two and a half years after getting a banking license in April 2019, Judo listed on the Australian Stock Exchange and continues to grow and scale its business.
How did they do it?
Busey Bank has consistently been named one of the best banks to work for by American Banker. In order to improve its workplace even more, Busey Bank implemented the nCino platform.
Since implementing nCino, Busey Bank has seen outstanding results, including exceedingtheir treasury product implementation goal by 83.3%.
Learn more about the Bank’s success and future vision with nCino in the customer snapshot.
Busey Bank is an innovative institution paving the way in the financial services industry with thenCino Bank Operating System. With the single platform, Busey Bank reduced manual, repetitive processes to expedite services.
Busey Bank, a highly adaptive institution consistently named by American Banker as one of the best banks to work for, is paving the way for growth and innovation through its use of the nCinoBank Operating System.
Busey Bank implemented nCino across its Commercial line of business and later extended its use of the nCino platform into the Treasury Management Sales & Onboarding Solution.
In this snapshot, discover how Busy Bank leveraged nCino to transition from manual, email-heavy processes to a single, streamlined, digital cloud-based platform, which also allows the institution to more easily scale via mergers and acquisitions.
“(nCino) really transformed manual origination, credit and closing activities for the origination or renewal of commercial loans to an automated process. We went from doing a lot of the nuts and bolts manually, to doing it in an automated fashion.”
– Van Dukeman, Chairman, President & CEO of First Busey Corporation
Busey Bank has reaped multiple benefits since implementing the nCino platform, including:
Moving away from manual, email-heavy processes to a single streamlined digital platform in its Treasury line of business.
Hitting many of its Treasury goals and KPIs including exceeding their treasury product implementation goal by 83.3%.
Gaining visibility into the status of requests for treasury products, and allowing sales andsupport to work together to offer a more streamlined experience to their clients.
"Without a doubt, we experienced improved automation and transparency between Treasury Sales and Support.”
– Jeremiah Buaghman, AAP – VP and Commercial Deposit & Treasury Management Service Support Manager, Busey Bank
To learn more about how Busey Bank leveraged nCino to automate and expedite processes, download the “Busey Bank Snapshot."