Deploying an end-to-end commercial loan origination system (CLOS) is complex and provides many opportunities for missteps. Understanding the most common pitfalls that can happen during the implementation is the best way to steer clear of costly mistakes.

The decision to evaluate and implement a commercial loan origination system (CLOS) is a big one for a financial institution, giving it the opportunity to leapfrog the competition and truly transform its commercial lending processes for its borrowers and employees. Careful planning and execution are key components of every successful CLOS evaluation, selection and implementation.

Cloud adoption is now a necessity for financial institutions seeking enhanced services, requiring changes in work culture, system integration and regulatory compliance. As the financial landscape evolves into distinct segments, executing effective digital strategies is crucial for long-term success, positioning institutions to prosper in the new age of banking.

Seattle-based WaFd Bank has implemented nCino's Bank Operating System to enhance its commercial lending efficiency and improve the customer experience. The Bank was able to utilize nCino's platform for Small Business Administration (SBA) loan processing during the COVID-19 pandemic, processing over 6,500 Paycheck Protection Program (PPP) loan requests, demonstrating the platform's agility and ability to meet changing business demands.

Fulton Bank, a Community Bank based in Pennsylvania, has adopted nCino's Cloud Banking Platform to improve customer service and operational efficiency. By partnering with nCino and consulting firm Slalom, Fulton Bank implemented this comprehensive cloud-based platform to streamline processes, enhance compliance and risk management and automate tasks.

Founded in 2012 and launched in London in 2017 the nCino EMEA office recognised for strong company cultureLONDON, April 30, 2020 /PRNewswire/ — nCino, the worldwide leader in cloud banking, today announced that it is amongst the UK’s Best Workplaces™ according to Great Place to Work®. The award recognises nCino’s strength of culture and its commitment to creating a supportive and enriching environment for its people.

WILMINGTON, N.C., April 23, 2020 /PRNewswire/ — nCino, the worldwide leader in cloud banking, today announced that financial institutions using the nCino Banking System have been able to swiftly and digitally provide more than $30 billion for their eligible small business clients through the Small Business Association’s Paycheck Protection Program (PPP).nCino’s Bank Operating System is currently being utilized by credit unions, community and regional banks, as well as multiple top 20 U.S. banks, providing the digital tools these institutions need to maintain business continuity and remote operations, manage their portfolios, mitigate risk and help ensure compliance as government relief and stimulus programs continue to evolve.

As consumers increasingly desire faster banking, more convenient access to their accounts and quicker decisions on their loan requests, financial institutions are hamstrung by a rising wave of financial regulations. Between new and existing regulatory requirements including Current Expected Credit Losses (CECL), customer disclosures and fair lending laws, to the mounting risks of default, fraud and cybersecurity, to the new challenges presented by the global health crisis brought on by COVID-19, financial institutions are stuck between two seemingly mutually exclusive and competing priorities: fast banking and better compliance. At nCino, however, we believe it’s possible for financial institutions to have it all. The key to striking this balance is that banks must be willing to approach their business differently.

WILMINGTON, N.C., Feb. 27, 2020 /PRNewswire/ — nCino, the worldwide leader in cloud banking, today announced that $1.41 billion-asset Black Hills Federal Credit Union (BHFCU) will utilize the nCino Cloud Banking Platform to enhance the business member experience, drive efficiency, and remain competitive with other financial institutions. With nCino’s end-to-end digital platform, BHFCU will automate workflows, enabling it to better support its members’ expanding business service and lending needs.