About Square 1
Headquartered in Durham, NC with an asset size of $4 billion. Square 1 Bank opened in 2005 and became an nCino customer in 2013.
Square 1 sought a solution in which its credit business could be managed on a single platform and securely accessed anytime, from anywhere, and across all devices.
nCino allowed Square 1 to have a single solution to track and manage credit files throughout the life cycle of each loan and the means to manage all aspects of the bank's data.
20% reduction in loan closing time; Increased customer satisfaction; Improved forecasting; Increased interest income from loans being booked sooner
"Credit files could be underwritten in days due to the routing of information from stakeholder to stakeholder – all through a single system."