Judo Bank Selects nCino to Simplify Lending Processes
October 13 2020 - 5:00PM
nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital
transformation solutions for the global financial services
industry, today announced that Australia’s first fully licensed
challenger bank dedicated to lending to small and medium sized
enterprises (SME), Judo Bank, will implement the nCino Bank
Operating System® to streamline its lending operations and further
enhance its client value proposition.
Through its collaboration with nCino, Judo is
able to automate strategic aspects of the banking process and
concentrate on its mission to deliver traditional relationship
lending and vital credit to Australian SMEs. As part of the nCino
Bank Operating System, Judo will implement nCino’s Commercial
Banking Solution, which automates workflows and provides real-time
reporting, elements of the credit analysis process and digital
document management capabilities to drive a transparent and fully
digital end-to-end lending process.
“Judo’s mission is to be a champion for
Australian SMEs by bringing back the craft of relationship banking
and delivering the funding that SMEs desperately need and deserve,”
said Tim Alexander, Chief Product Officer at Judo Bank.
“We share the same view as nCino when we say
partnerships matter; that’s why we selected them to help us disrupt
the industry and deliver differentiated services to better finance
the growth ambitions of Australian SMEs.”
Mark Bernhardi, General Manager of APAC at nCino
said: “We are excited to be working with Judo Bank to help them
create a more efficient banking experience that is tailored to
their clients’ individual needs.”
“Judo was created to be fast and nimble and to
provide new options to SMEs across Australia. We look forward to
building upon our partnership to support Judo’s craft of
relationship banking, enabling them with the latest technology from
nCino as they help their clients capitalise on the right
opportunities at the right time.”
About nCinonCino (NASDAQ:
NCNO) is the worldwide leader in cloud banking. The nCino Bank
Operating System® empowers financial institutions with scalable
technology to help them achieve revenue growth, greater efficiency,
cost savings and regulatory compliance. In a digital-first world,
nCino's single digital platform enhances the employee and client
experience to enable financial institutions to more effectively
onboard new clients, make loans and manage the entire loan life
cycle, and open deposit and other accounts across lines of business
and channels. Transforming how financial institutions operate
through innovation, reputation and speed, nCino works with more
than 1,200 financial institutions globally, whose assets range in
size from $30 million to more than $2 trillion. For more
information, visit: www.ncino.com.
About Judo
BankJudo Bank is Australia’s first fully licensed
challenger bank dedicated to lending to small and medium-sized
businesses. Built from the ground up by a small group of deeply
experienced and highly credentialed business lending professionals,
Judo has brought back old-style, traditional relationship banking -
banking as it used to be banking as it should be.
In May this year, Judo completed its third-round
capital raise, taking the post-money valuation of the bank to
unicorn status at well over $1 billion. Judo’s first and second
funding rounds - worth a combined $540 million – equate to the
largest amount of private investment raised by an Australian
start-up.
MEDIA CONTACTS |
Claire Sandstrom, nCino |
|
Natalia Moose, nCino |
+1 646.520.0710 |
|
+1 910.248.4602 |
csandstrom@mww.com |
|
natalia.moose@ncino.com |
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