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?
Recognise Bank, one of the UK’s newest SME banks, needed a cloud banking platform that would help them deliver best-in-class digital banking capabilities.
With nCino, Recognise Bank has achieved faster time cash, enhanced operational efficiency, better regulatory compliance, and more.
Download the full case study to learn more about Recognise Bank’s experience implementing nCino’s Cloud Banking Platform.
Recognise Bank is an SME bank in the UK, with a mission to provide small businesses with the financial support they need to grow and succeed. In order to achieve its mission, Recognise Bank adopted nCino's Commercial Banking Solution, which has generated great results for the Bank and its customers.
Recognise Bank, one of the UK’s newest SME banks, sought a digital end-to-end loan origination system that would allow them to maintain face-to-face contact and relationship management between small businesses and their financial services providers, while delivering best-in-class digital banking capabilities.
In this customer story, discover how Recognise successfully implemented nCino to honor traditional SME banking values, while also increasing efficiency and scalability across a single, digital, cloud-based platform.
“[Our bank] needed a platform that would allow it to retain the traditional values of banking whilst delivering seamless, and fast customer interactions. Our challenge was to synthesise best-of-breed technology with traditional banking values and accessibility.”
– Jason Oakley, CEO of Recognise Bank
Since implementing nCino’s Commercial Banking Solution, Recognise has achieved:
Faster time to cash
Improved customer experience
Enhanced operational efficiency
Better regulatory compliance
Rapid speed to market
Better employee engagement
We were looking for the best in the market, which is why nCino came out on top during our procurement process. nCino is a leader in what they do.”
—Mo Fadaei, Head of Technology, Change & Transformation at Recognise Bank
To learn more about Recognise Bank and their journey implementing nCino’s Cloud Banking Platform, download the full case study.