How nCino is Driving Innovation and Growth Across Australia and New Zealand

Despite the slowing economy, increasing inflation, and rising mortgage rates, the APAC region is among those expected to account for 80 percent of the estimated $1.3 trillion in global banking revenue growth between 2021 and 2025 (McKinsey and Company, 2022). With the fixed rate mortgage cliff estimated to impact up to 800,000 households in Australia in 2023, the workload of refinancing existing loans and processing new loans is projected to increase significantly. Financial institutions (FIs) will need a solution to help them scale efficiently and effectively respond to this increased demand.

Through its agile cloud-based platform, nCino helps FIs deliver tailored digital experiences via solutions such as Commercial Lending and Home Lending. nCino understands that every region and market have specific needs. By employing dedicated subject matter experts and product development teams in multiple offices throughout the region and investing a robust partner ecosystem, nCino helps ensure that FIs in Australia and New Zealand are well equipped to solve their unique challenges with localised products, including a bespoke Mortgage solution.

In addition, nCino’s first-class product team has expanded the Automated Spreading technology to intelligently extract data from any fixed forms in a transferrable format inside the nCino platform. Soon, data extraction will be fully automated. As nCino continues to expand and build its platform, it is well positioned to help APAC institutions achieve their modernisation goals.

He continues, "Our local offices are home to their own Product Development and Engineering teams focused on driving growth and innovation in Commercial Lending and Home Lending specific to their home regions."

Continued traction in APAC has resulted in FIs such as Judo Bank, RedZed,Rabobank, Metrics, ASB, KiwiBank, and BNZ adopting nCino’s platform. With partnerships with ecosystem partners such as Rich Data Co (RDC), an industry-leading artificial intelligence (AI) decisioning platform, to enhance the lending process for its customers, nCino will continue to equip financial institutions to streamline and further automate workflow, creating significant value and efficiencies.

“APAC is a unique market with its own needs and challenges," he continues, "and I’m confident that the combination of our local experts and global learnings will allow us to continue to deliver for the latest technology in Australia and New Zealand.”