Company: nCino, Wilmington, NC
Nomination Submitted by: MikeWorldWide
Company Description: nCino is the worldwide leader in cloud banking. Built by bankers for bankers, the nCino cloud banking platform is a single, multi-tenant software-as-a-service (SaaS) solution that helps financial institutions modernize, innovate and outperform. nCino has helped more than 1,850 financial institutions of all sizes and complexities power distinctive experiences and drive growth efficiencies.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Company of the Year - Financial Services - Large
 Nomination Title: nCino
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the achievements of the nominated organization since January 1 2021, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
- If you are providing written answers for your submission, you must provide an answer to this first question: Briefly describe the nominated organization: its history and past performance (up to 200 words):
Total 194 words used.
nCino was founded in a bank to improve the institution’s operations and client service. After realizing that virtually all banks and credit unions were dealing with the same problems—cumbersome technology, fragmented data, disconnected business functions, and a disengaged workforce—we were spun out as a separate company in 2011. This is the foundation of our deep banking domain expertise, which differentiates us, continues to drive our strategy and makes us qualified to help banks and credit unions cross the modernization divide by providing a comprehensive solution that onboards clients, originates loans and opens any account on a single, cloud-based platform.
nCino’s Cloud Banking Platform is transforming commercial and small business lending for community/regional banks. We introduced this solution to financial institutions in the United States in 2014 expanding across North America, Europe and Asia-Pacific. Throughout this market expansion, we broadened the nCino Platform by adding functionality for retail lending, client onboarding, deposit account opening, analytics and AI/ML.
We will continue to invest in and expand the depth and breadth of our solutions. We believe our product development and global expansion initiatives will continue to drive revenue and customer growth to transform the financial services industry.
- If you are providing written answers for your submission, you must provide an answer to this second question: Outline the organization's achievements since the beginning of 2021 that you wish to bring to the judges' attention (up to 250 words):
Total 249 words used.
nCino connects financial institutions to their customers and third parties on a cloud-based platform, eliminating silos and bringing new levels of coordination and transparency to the institution. By utilizing a single platform across business lines, banks and credit unions can leverage the same data and information across their organization. This platform provides all the functionality necessary to complete mission-critical workflow, enabling client onboarding, loan origination and deposit account opening.
A global movement of outperformers have made the leap with the nCino Cloud Banking Platform, leveraging technology to power client/employee experiences, drive growth efficiencies and run their institutions with full integrity.
As a result, our customers have achieved results such as: a 67% increase in loans over a three-year time period, a 70% improvement in closing time, 63% faster originations and a 52% reduction in paper-based processing, in addition to increased client growth and retention, and reduced policy exceptions and operating costs.
 In Jan. 2022, nCino acquired SimpleNexus, a cloud-based mobile-first homeownership software company. With this acquisition, nCino now works with more than 1,850 financial institutions [REDACTED FOR PUBLICATION] of all sizes and complexities, including global CIBs; enterprise, regional and community banks; credit unions; new market entracts; and independent mortgage banks drive growth efficiencies.
[REDACTED FOR PUBLICATION]
- If you are providing written answers for your submission, you must provide an answer to this third question: Explain why the achievements you have highlighted are unique or significant. If possible compare the achievements to the performance of other players in your industry and/or to the organization's past performance (up to 250 words):
Total 175 words used.
Historically, the primary competition for the nCino Cloud Banking Platform has been point solution vendors and systems developed internally by banks and credit unions. We believe our ability to provide client onboarding, loan origination, deposit account opening, analytics and AI/ML on a single platform across all lines of business, our deep banking domain expertise, our reputation for high-quality professional services and customer support, and our company culture distinguish us from our competition. In this regard, we are likely to be assessed on several factors, including:
- breadth and depth of functionality
- ease of deployment, implementation and use
- level of customer satisfaction
- brand awareness and reputation
- cloud-based technology platform and pricing model
- quality of implementation and customer support services
- domain expertise in banking technology
- security and reliability
- ability to innovate and respond to customer needs quickly
- ability to integrate with third-party applications and systems
[REDACTED FOR PUBLICATION]
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 88 words used.
Case Studies
| Attachments/Videos/Links: |
|---|
|
