nCino and IBM Complete Successful Go-Live of Tokyo-based Kiraboshi Bank
October 18 2022 - 6:30AM
nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital
transformation solutions for the global financial services
industry, announced that Kiraboshi Bank, a regional bank based in
Tokyo, Japan, is live on the nCino Bank Operating System®. The JPY
6,361.4 billion-asset (USD $44-billion*) Bank implemented nCino’s
Commercial Banking Solution to enhance its business financing, part
of its journey to create a single, cloud-based platform to better
serve its business clients. The implementation was successfully led
by IBM Japan, due to their in-depth knowledge of the industry and
track record of introducing specialized solutions to the region.
The Bank needed a solution that would automate processes, remove
manual barriers and improve internal operations. Kiraboshi Bank’s
employees arrange many complex deals involving multiple banks and
required a single, cloud-based platform to respond to their
clients’ diverse challenges. The nCino platform will provide
Kiraboshi with key insights to deliver a faster response and
streamlined experience for their banker, enabling them to better
serve their customers.
IBM Japan's Yuji Sonku, Senior Partner, Financial Services, IBM
Consulting, said, "IBM Japan has been supporting the digital
transformation of financial institutions in the banking industry
for many years. We are very pleased that we were able to contribute
to the successful implementation of the nCino platform at Kiraboshi
Bank and look forward to helping more Japanese financial
institutions shift their lending operations to the cloud.”
“We’re extremely proud of the work we’ve done alongside IBM
Japan,” said Itsuki Nomura, GM of nCino’s Tokyo office. “Supported
by nCino’s best-in-class software, Kiraboshi will contribute to the
local community by providing comprehensive financial services to
small and medium-sized enterprises (SMEs) and individual customers
in Tokyo. By improving efficiency and strengthening its risk
management system through a 360-degree customer and portfolio view,
the Bank will be positioned for success for years to come.”
*Exchange Rate: JPY 145 = USD
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 cloud-based platform enhances the employee and
client experience to enable financial institutions to more
effectively onboard 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 is
partnered with more than 1,750 financial institutions of all types
and sizes on a global basis. For more information,
visit www.ncino.com.
About Kiraboshi BankTokyo Kiraboshi Financial
Group, which owns Kiraboshi Bank, is a financial group for small
and medium-sized enterprises and individual customers in the Tokyo
metropolitan area. We aim to be a "comprehensive service provider
that is also strong in finance" based on our management philosophy
of "contributing to in the medium-term management plan that will
start from April 2021, we will make a new start with the vision of
"Becoming a 'platformer from Tokyo' that creates new value for
customers" by leveraging the Group's comprehensive strengths. I'm
here. For more information, please visit
https://www.tokyo-kiraboshifg.co.jp/.
About IBM JapanIBM Japan is a Japanese
subsidiary of IBM Corporation that operates in more than 175
countries around the world. We support our clients' corporate
transformation and digital transformation. For more information,
please visit https://www.ibm.com/jp-en/.
Media ContactsnCino Inc. Marketing
ManagerTomoko Nagatainfo@ncino.co.jp +81-3-6625-5122Chikako Ueji,
External Relations, IBM Japan, Ltd. PRESSREL@jp.ibm.com
+81-3-3808-5120
North AmericaRyan Kelly+1 732.770.5942ryan.kelly@ncino.com
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