NCino

FloQast Appoints Josh Glover as President and Chief Revenue Officer

Retrieved on: 
Wednesday, April 24, 2024
Marine, United, Infantry, Meritorious Service Medal, Business, Growth, CPA, Family, Silver, Marketing, MBA, Bronze Star Medal, Accounting, NCino, Management

LOS ANGELES, April 24, 2024 (GLOBE NEWSWIRE) -- FloQast, a Finance and Accounting Operations Platform provider, today announced the appointment of Josh Glover as President and Chief Revenue Officer (CRO).

Key Points: 
  • LOS ANGELES, April 24, 2024 (GLOBE NEWSWIRE) -- FloQast, a Finance and Accounting Operations Platform provider, today announced the appointment of Josh Glover as President and Chief Revenue Officer (CRO).
  • Prior to joining FloQast, Glover served as President and Chief Revenue Officer at nCino, a global leader in cloud banking.
  • Glover started his software career in a customer success role and brings a customer-first mindset to driving revenue growth with FloQast.
  • "We couldn’t be more excited to welcome Josh Glover to the FloQast team as our new President and Chief Revenue Officer," said Mike Whitmire, CPA, CEO and co-founder of FloQast.

Together Selects nCino to Revolutionise its Lending Business

Retrieved on: 
Tuesday, April 23, 2024
Cloud, Risk management, Together, NCino, Video game

LONDON, April 23, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that Together , one of the UK’s leading property lenders, has selected nCino’s Cloud Banking Platform to revolutionise and future-proof its business.

Key Points: 
  • LONDON, April 23, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that Together , one of the UK’s leading property lenders, has selected nCino’s Cloud Banking Platform to revolutionise and future-proof its business.
  • Together provides finance to people and businesses through a “common-sense approach” to lending and judging each application on its individual merit rather than adopting an automated approach.
  • The Cheadle based group, which aims to be the UK’s most valued lending business and has a loan book of £6.8billion, will implement nCino’s single platform across all its core services, including regulated residential and buy-to-let mortgages, as well as commercial loans, bridging facilities and development finance.
  • The platform can be easily configured to react to market changes, customer demands and new regulations, and helps eliminate manual processes for faster response times and a superior customer experience.

Truv Now An Authorized Report Supplier for Fannie Mae's Desktop Underwriter (DU) Validation Service

Retrieved on: 
Tuesday, April 30, 2024
Sale, Fannie Mae, Partnership, DU, Encompass, Employment, Privacy, Workforce, NCino, Real estate

NEW YORK, April 30, 2024 /PRNewswire/ -- Truv, a provider of automated employment and income verification technology for mortgage lenders, banks, and credit unions, announced it is now an authorized report supplier for mortgage lenders using Fannie Mae's Desktop Underwriter® (DU®) validation service. Truv's consumer-permissioned platform is now able to obtain and transmit income and employment data through the DU validation service.

Key Points: 
  • NEW YORK, April 30, 2024 /PRNewswire/ -- Truv, a provider of automated employment and income verification technology for mortgage lenders, banks, and credit unions, announced it is now an authorized report supplier for mortgage lenders using Fannie Mae's Desktop Underwriter® (DU®) validation service.
  • Truv's consumer-permissioned platform is now able to obtain and transmit income and employment data through the DU validation service.
  • Fannie Mae's DU validation service uses third-party data vendors to independently validate borrower income, employment, and asset data, providing lenders with Day 1 Certainty® on validated loan components.
  • As an authorized report supplier for Fannie Mae's DU validation service, the Truv platform enables lenders to:
    "We are thrilled to announce our collaboration with Fannie Mae, a pivotal step in our mission to revolutionize the mortgage industry," said Kirill Klokov, CEO of Truv.

nCino Unveils Latest Enhancements to its Consumer Banking Solution

Retrieved on: 
Monday, April 1, 2024
Consumer, Credit, CUNA Mutual Group, Allegro, Intelligence, API, NCino, Bank

WILMINGTON, N.C, April 01, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced a series of enhancements to its Consumer Banking Solution.

Key Points: 
  • WILMINGTON, N.C, April 01, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced a series of enhancements to its Consumer Banking Solution.
  • These tools enable financial institutions to stay ahead of market shifts and proactively meet the evolving needs of their clients and members.
  • “In the swiftly evolving realm of consumer banking, our commitment to enhancing the nCino platform stems from a deep understanding of the industry’s challenges and an unwavering focus on solving them through technology,” said Law Helie, General Manager of Consumer Lending at nCino.
  • “We’ve enhanced our Consumer Banking Solution to make key processes more efficient for our customers, but also more engaging and accessible for their customers and members.

nCino Reports Fourth Quarter and Fiscal Year 2024 Financial Results

Retrieved on: 
Tuesday, March 26, 2024
RPO, Desjardins Group, German Bank, Acquisition, Commercial, Desjardins, Small business, Analytics, IMB, GAAP, Optimism, NCino, Mortgage loan, Video game

WILMINGTON, N.C., March 26, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced financial results for the fourth quarter and fiscal year 2024, ended January 31, 2024.

Key Points: 
  • Non-GAAP operating income in the fourth quarter was $19.3 million compared to $1.8 million in the fourth quarter of fiscal 2023.
  • Net Income (Loss) Attributable to nCino: GAAP net income attributable to nCino in the fourth quarter of fiscal 2024 was $1.2 million compared to a $(21.2) million net loss attributable to nCino in the fourth quarter of fiscal 2023.
  • Non-GAAP net income attributable to nCino in the fourth quarter was $23.8 million compared to $4.4 million in the fourth quarter of fiscal 2023.
  • Net Income (Loss) Attributable to nCino per Share: GAAP net income attributable to nCino in the fourth quarter of fiscal 2024 was $0.01 per diluted share compared to a $(0.19) loss per basic and diluted share in the fourth quarter of fiscal 2023.

nCino’s Single Platform Selected by Desjardins to Automate Loan Origination Process Through Machine Learning

Retrieved on: 
Thursday, March 21, 2024
Desjardins Group, Partnership, Corporate services, Desjardins, NCino, Cryptocurrency

After implementing nCino’s Small Business and Commercial Banking Solutions in 2022, Desjardins has been able to increase the speed of its loan origination process by eliminating unnecessary wait times for its members and clients.

Key Points: 
  • After implementing nCino’s Small Business and Commercial Banking Solutions in 2022, Desjardins has been able to increase the speed of its loan origination process by eliminating unnecessary wait times for its members and clients.
  • To improve the efficiency already gained by using the platform, Desjardins is expanding its use of nCino to include Automated Spreading functionality, which leverages machine learning to streamline the underwriting process, enhance financial statement data capture and improve the speed and quality of credit decisions.
  • This solution covers multilingual documents and multi-currency financial statements, making the process smoother for Desjardins’ clients and members.
  • Our partnership with nCino has already helped us accelerate the funding process to small businesses.

FirstBank Puerto Rico Selects nCino to Transform Commercial Lending Services

Retrieved on: 
Wednesday, March 20, 2024
Sales management, Motivation, Partnership, SAN, First BanCorp, First, FBP, Region, NCino, Airline

SAN JUAN, Puerto Rico, March 20, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that FirstBank Puerto Rico, a subsidiary of First BanCorp (NYSE: FBP), has partnered with nCino to offer a more modern commercial banking experience for its customers in Puerto Rico, Florida and the Virgin Islands, while providing greater insights into its portfolio.

Key Points: 
  • SAN JUAN, Puerto Rico, March 20, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that FirstBank Puerto Rico, a subsidiary of First BanCorp (NYSE: FBP), has partnered with nCino to offer a more modern commercial banking experience for its customers in Puerto Rico, Florida and the Virgin Islands, while providing greater insights into its portfolio.
  • This project was spurred on by FirstBank Puerto Rico’s digital transformation initiative, which is focused on enhancing the customer experience by providing greater agility and simplicity in its online commercial operations.
  • These innovations will also improve the lending and portfolio management process for FirstBank Puerto Rico’s employees, simplifying the loan cycle and enhancing credit response times.
  • Juan Carlos Pavía, Executive Vice President and Chief Credit Officer at FirstBank Puerto Rico, said, "Here at FirstBank Puerto Rico, we are driven by technology, but our true motivation will always be serving our customers' needs.

nCino to Acquire DocFox

Retrieved on: 
Monday, March 18, 2024
Five Star Bank, Professional corporation, Acquisition, Sidley Austin, NCino, Keefe, Bruyette & Woods

WILMINGTON, N.C., March 18, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that it has signed a definitive agreement to acquire DocFox, a leading solution provider automating onboarding experiences for commercial and business banking.

Key Points: 
  • WILMINGTON, N.C., March 18, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that it has signed a definitive agreement to acquire DocFox, a leading solution provider automating onboarding experiences for commercial and business banking.
  • DocFox has helped institutions condense complicated and admin-intensive onboarding processes from weeks to days or even hours.
  • We are also excited for the access to industry-leading talent, resources, and synergies the acquisition of DocFox by nCino will bring to the business customer onboarding and banking solution space.
  • Keefe, Bruyette & Woods, A Stifel Company served as financial advisor to DocFox and Wilson Sonsini Goodrich & Rosati, Professional Corporation served as legal counsel to DocFox.

Truv to Offer Income and Employment Verifications Through Fannie Mae's Desktop Underwriter

Retrieved on: 
Tuesday, March 19, 2024
Employment, Partnership, Sale, Encompass, Workforce, Privacy, NCino, DU, Fannie Mae

NEW YORK, March 19, 2024 /PRNewswire/ -- Truv, a provider of automated employment and income verification technology for mortgage lenders, banks and credit unions, announced it is now a conditionally authorized report supplier for mortgage lenders using Fannie Mae's Desktop Underwriter® (DU®) validation service. After final approval, which is expected later this year, Truv's consumer-permissioned platform will be able to obtain and transmit income and employment data through the DU validation service.

Key Points: 
  • After final approval, which is expected later this year, Truv's consumer-permissioned platform will be able to obtain and transmit income and employment data through the DU validation service.
  • Fannie Mae's DU validation service uses third-party data vendors to independently validate borrower income, employment, and asset data, providing lenders with Day 1 Certainty® on validated loan components.
  • A recent recipient of the 2024 HousingWire Tech100 Mortgage Award, the all-in-one Truv platform is currently used by more than 100 mortgage lenders to verify a borrower's income and employment information.
  • To learn more about how Truv's innovative and powerful platform delivers fast, affordable borrower verifications for mortgage lenders, visit www.truv.com/industries/mortgage .

The Saikyo Bank Partners with nCino to Enhance Operational Efficiency and Customer-Centric Services

Retrieved on: 
Wednesday, February 28, 2024
NCino, Investment, Bank, Case management, Partnership

TOKYO, Feb. 28, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that The Saikyo Bank, Ltd. (Saikyo), a $20B-asset regional bank in Japan, will implement nCino to improve operational efficiencies and customer convenience.

Key Points: 
  • TOKYO, Feb. 28, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that The Saikyo Bank, Ltd. (Saikyo), a $20B-asset regional bank in Japan, will implement nCino to improve operational efficiencies and customer convenience.
  • Saikyo will start its single platform journey with nCino by introducing the technology to its mortgage operations.
  • The adoption of nCino's platform aims to streamline Saikyo's mortgage business, from reception, screening, case management and electronic contracting to the execution of mortgage loan operations, allowing the Bank to improve efficiency and customer experience.
  • Saikyo chose to partner with nCino based on the company’s reputation of working with financial institutions worldwide.