nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital
transformation solutions for the global financial services
industry, today announced that Amerant Bank has expanded its use of
nCino beyond Commercial Banking and added nCino’s Retail Banking
Solution and Portfolio Analytics, part of the nCino IQ (nIQ®)
application suite. Having all commercial and retail loan
origination elements on a single platform, powered by nIQ’s
artificial intelligence (AI) and advanced analytics capabilities,
will help the bank deliver a more satisfying work experience for
its employees, faster processing times for its clients and more
detailed, comprehensive reporting across the institution.
For Amerant, one of the largest community banks headquartered in
Florida with assets of nearly $8 billion, a key component to its
digital transformation strategy was selecting an end-to-end,
flexible platform that could scale as the business required. The
bank identified the nCino Bank Operating System® as the
technological foundation it was seeking and initially implemented
nCino’s Commercial Banking Solution to help it streamline
workflows, reduce manual steps and deliver commercial loans more
quickly without compromising credit quality.
The bank is now adding nCino’s Retail Banking Solution and nIQ
Portfolio Analytics to the platform’s functionality to improve its
consumer banking client experience and better manage risk through
portfolio metrics and trends. With COVID-19 demanding changes to
the way financial institutions operate, Amerant recognized that its
success was largely dependent on integrating the right systems and
tools to be a more digitally driven institution. By adopting
nCino’s retail lending and analytics capabilities, the bank will be
more empowered to give its clients what they need while still
upholding its commitment to personal service and attention.
“Adopting and committing to a digital transformation strategy to
keep up with modern technology is key to attracting and retaining
clients,” said Roberto Isasi, Chief Digital Officer at Amerant
Bank. “We searched for a single platform that would help us
streamline operations and create greater connections across lines
of business, and we found that in the nCino Bank Operating
System.”
“We consider nCino a long-term partner to support our ongoing
evolution to leverage technology to service clients, remain
competitive in the current business landscape, and create the best
possible work experiences for our Amerant team members,” said
Miguel Palacios, Chief Business Officer at Amerant Bank.
nCino’s Retail Banking Solution will enable Amerant to offer
client-focused onboarding, document management, account opening and
retail lending with a coherent flow of information from all parties
across all channels and devices. Portfolio Analytics, nCino’s
warehousing, analytics and reporting suite, will help the bank
establish baseline performance metrics across lines of business for
applications, deposits and loans; set goals to achieve the growth
and compliance desired; and better assess risks from a single
source of truth. By utilizing the extensive capabilities of one
platform across multiple areas of the bank, Amerant is getting data
into the hands of decision-makers, building in efficiencies,
eliminating duplicative work and streamlining communications for
its clients and employees.
“Today, more than ever before, finding ways to digitally engage
with clients and support employees’ work is of paramount
importance,” said Will Cameron, SVP, Community & Regional
Financial Institutions. “By harnessing the power of the nCino
platform, Amerant is laying the groundwork for a scalable and
sustainable technological foundation that will help them deliver
the best products and services to their clients. We’re honored
they’ve entrusted us to accompany them along their digital
transformation journey.”
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 AmerantAmerant Bancorp Inc. (NASDAQ:
AMTB and AMTBB) is a bank holding company headquartered in Coral
Gables, Florida since 1979. The Company operates through its
subsidiaries, Amerant Bank, N.A. (the “Bank”), Amerant Investments,
Inc., Elant Bank and Trust Ltd., and Amerant Mortgage, LLC.
The Company provides individuals and businesses in the U.S., as
well as select international clients, with deposit, credit, and
wealth management services. The Bank, which has operated for over
40 years, is the second largest community bank headquartered in
Florida. The Bank operates 25 banking centers – 18 in South Florida
and 7 in the Houston, Texas area, as well as a commercial real
estate loan production office in New York City. For more
information, please visit www.amerantbank.com
or https://investor.amerantbank.com.
MEDIA CONTACTSClaire Sandstrom, MWWPR+1
646.520.0710csandstrom@mww.com
Ryan Kelly+1 732.770.5942ryan.kelly@ncino.com
This press release contains forward-looking statements within
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements generally include
actions, events, results, strategies and expectations and are often
identifiable by use of the words “believes,” “expects,” “intends,”
“anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,”
“will,” “could,” “might,” or “continues” or similar expressions.
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
forward-looking statements represent nCino’s expectations as of the
date of this press release. Subsequent events may cause these
expectations to change and, except as may be required by law, nCino
does not undertake any obligation to update or revise these
forward-looking statements. These forward-looking statements are
subject to known and unknown risks and uncertainties that may cause
actual results to differ materially including, among others, risks
and uncertainties relating to the market adoption of our solution
and privacy and data security matters. 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.
nCino (NASDAQ:NCNO)
Historical Stock Chart
From Mar 2024 to Apr 2024
nCino (NASDAQ:NCNO)
Historical Stock Chart
From Apr 2023 to Apr 2024