How nCino Can Support M&A Activities
The financial industry is experiencing a surge in mergers and acquisitions (M&A).
Cloud-based technology can help financial institutions streamline their M&A processes, save time and money and improve the customer experience.
There are many benefits to using cloud-based technology for M&A, including speed, cost savings and improved customer experience.
According to a recent S&P Global Report, so far this year, 94 deals have been announced, compared to 50 over the same period in 2020. Total deal value has also soared year-to-date to $32.04 billion compared to $27.84 billion for all of 2020.
At the same time, the growth in M&A activity is coinciding with digital transformation efforts. This can present many opportunities as financial institutions transition to new corporate entities. By leveraging the power of scalable cloud-based technology as part of their M&A strategy, institutions can more quickly and efficiently integrate complex business models and processes, while saving time, money and resources.
Once merged, these cost-savings can be deployed towards modernizing legacy infrastructure and improving data and analytics maturity, all of which help the combined organization offer a technology-enabled experience for their customers. This is important, as technology and digital capabilities are the key foundations for most institutions, especially post-COVID-19. Technology and both internal and external digital capabilities can have a significant impact on the newly merged institutions, benefiting both employees and customers.
Check out the following examples of how a cloud-based platform can enable M&A strategies.
The agility that a cloud-based platform provides allows acquisitive banks to move fast and allows for efficient merging and integration into larger organizations. Good cloud infrastructure also helps institutions rapidly onboard the banks they acquire and gives them the scale to do it quickly.
A cloud-based technology stack offers a robust and highly configurable solution that can be more easily deployed across the newly merged entity in comparison to traditional legacy systems. At the same time, an exceptional technology-enabled experience for bank employees can create more efficient processes and add more value to client relationships.
A cloud-based technology stack such as the nCino Bank Operating System allows for quick adoption of digital capabilities and flexibility to adapt to evolving customer needs by offering the right combination of high-touch personalized banking expertise and high-tech capabilities.
Whether your institution’s goal is to scale and continue growing, or to become an asset to institutions looking to grow their footprint though an acquisition, cloud-based technology can be a valuable piece of your strategy. To learn more, download nCino’s M&A Strategy spotlight.
Community banks and credit unions play a huge role in the communities they serve. Unlike their larger counterparts, these institutions provide loans in the neighborhoods where their customers live and work, positively impacting local businesses and communities.
In recent years, German banks have been facing several challenges, including changing customer demands, regulatory changes, and changing socio-economic trends. As a result, the German banking sector is undergoing a period of rapid transformation, and banks are having to adapt in order to remain competitive and profitable in the future.
The banks that are best equipped to emerge and succeed in an uncertain future are those who are embracing an innovation mind set and embedding flexibility and a positive attitude toward change into their organizational fabric. One bank leading the way is Hamburg Commercial Bank (HCOB).
With representation across Germany’s metropolitan regions and in select markets in Europe, HCOB is a Hamburg-based commercial bank and specialty financier, serving commercial clients and financing projects in the real estate and shipping sector, as well as in the renewable energy and infrastructure industry.
Recently, HCOB became the first lender in Germany to implement nCino’s cloud-based platform. Since going live with the technology, HCOB has able to:
Idaho Central Credit Union (ICCU) has a growing, wide-spread customer base with diverse needs. That’s just one reason the ICCU has partnered with nCino across multiple lines of business—and why they knew nCino would be able to help them transform their business lending processes.
Arrow Financial Corporation’s goal is to meet customers wherever they want to be met. In order to make this possible, the Bank has implemented multiple nCino solutions, offering digitalexperiences to their customers while maintaining the strong human-to-human relationships that are vital to the Arrow culture.
PeoplesBank is a community bank focused on building strong customer relationships and delivering excellent customer service. Learn how Amy Doll, who has been with the Bank through multiple nCino implementations, is helping PeoplesBank to serve its small business customers well with additional rollouts of nCino’s Small Business Banking Solution.
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