nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital
transformation solutions for the global financial services
industry, and Accenture (NYSE: ACN) have supported Vancity,
Canada’s largest community credit union, in evolving its commercial
lending business through the implementation of the nCino Bank
Operating System®.
With over CA$28.2 billion in assets and more than half a million
members, Vancity sought an agile technology to grow its commercial
lending business and replace a 15-year-old legacy system. The
credit union selected the nCino Bank Operating System, an
end-to-end cloud-based platform that manages the entire loan
lifecycle — including origination, loan reviews, renewals and
modifications — eliminating the need to combine various point
solutions.
Working alongside teams from Vancity and nCino, Accenture helped
implement the nCino platform on time and budget, despite the
project occurring in the midst of the COVID-19 pandemic — which
made the cloud-based nature of the platform particularly important,
as Vancity’s members and employees shifted to a remote work
environment.
In addition to benefitting Vancity’s commercial loan book, the
nCino platform is helping the credit union align processes across
lines of business, automate tasks and streamline workflows. Because
the nCino Bank Operating System is flexible and configurable,
Vancity can continue to customize processes as they see fit to best
suit their evolving needs.
“By adopting nCino for our commercial lending operations, we’ve
embraced a cloud-based technology with regular updates and releases
that will grow along with us and help us remain competitive and
agile,” said Nez Aquino, chief risk officer at Vancity. “We see
nCino as an incredible value-add to our organization, not only from
a platform standpoint, but also as partners along our digital
transformation journey.”
“Digital transformation is top-of-mind for commercial banks of
all sizes and particularly credit unions as they embrace changing
customer dynamics, and deal with aging legacy systems and the
pressure to compete in a challenging environment,” said Robert
Vokes, Accenture’s Financial Services practice lead in Canada.
“Vancity’s decision to evolve its operations and streamline various
businesses with nCino’s cloud-based platform will help them deliver
an improved, tailored experience that meets the evolving
expectations of members and employees. This is a great example of
the scalability of nCino’s platform and the deep industry expertise
and talents of our people to bring it alive with our clients.”
“Vancity is a great Canadian brand and a real leader in the
credit union space, and they should be very proud of how they’ve
helped to develop the communities they serve,” said Cam Sterrett,
area vice president and general manager – Canada at nCino. “With
nCino, Vancity has put a foundational system in place that will
give them the ability to grow their member-facing digital front end
and further fulfill their mission of improving their members’
financial well-being. We very much appreciate the great work our
organizations, alongside Accenture, have been able to do together
so far and look forward to expanding these relationships into the
future.”
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 VancityVancity is a values-based
financial co-operative serving the needs of its more than 543,000
member-owners and their communities, with offices and 60 branches
located in Metro Vancouver, the Fraser Valley, Victoria, Squamish
and Alert Bay, within the unceded territories of the Coast Salish
and Kwakwaka’wakw people. With $28.2 billion in assets plus assets
under administration, Vancity is Canada’s largest community credit
union. Vancity uses its assets to help improve the financial
well-being of its members while at the same time helping to develop
healthy communities that are socially, economically and
environmentally sustainable.
About AccentureAccenture is a global
professional services company with leading capabilities in digital,
cloud and security. Combining unmatched experience and specialized
skills across more than 40 industries, we offer Strategy and
Consulting, Interactive, Technology and Operations services—all
powered by the world’s largest network of Advanced Technology and
Intelligent Operations centers. Our 506,000 people deliver on the
promise of technology and human ingenuity every day, serving
clients in more than 120 countries. We embrace the power of change
to create value and shared success for our clients, people,
shareholders, partners and communities. Visit us at
www.accenture.com.
MEDIA CONTACTS |
Claire Sandstrom, nCino |
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Natalia Moose, nCino |
+1 646.520.0710 |
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+1 910.248.4602 |
csandstrom@mww.com |
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natalia.moose@ncino.com |
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“anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,”
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Any forward-looking statements contained in this press release are
based upon nCino’s historical performance and its current plans,
estimates, and expectations, and are not a representation that such
plans, estimates, or expectations will be achieved. These
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does not undertake any obligation to update or revise these
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subject to known and unknown risks and uncertainties that may cause
actual results to differ materially. Additional risks and
uncertainties that could affect nCino’s business and financial
results are included in reports filed by nCino with the U.S.
Securities and Exchange Commission (available on our web site at
www.ncino.com or the SEC's web site at www.sec.gov). Further
information on potential risks that could affect actual results
will be included in other filings nCino makes with the SEC from
time to time.
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