The Bank of Bennington Expands Partnership with nCino to Include Consumer Lending
January 25 2024 - 7:30AM
nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the
global financial services industry, today announced that The Bank
of Bennington (Bennington) has adopted nCino’s Consumer Banking
Solution, expanding its established relationship with nCino and
driving an omnichannel experience across the Bank’s personal
banking and mortgage lending business.
After seeing efficiency gains in its mortgage
operations as a result of its use of nCino’s Mortgage Suite,
Bennington saw the value in utilizing a single platform across
business lines and made the strategic decision to implement the
nCino Consumer Banking Solution.
By combining nCino’s cloud-based solutions with
Bennington’s commitment to its customers, the partnership serves to
enhance the banking experience by offering a seamless and
consistent journey, whether a customer is applying for a mortgage
or a consumer loan, solidifying its stance as a technology-driven
community bank.
“Our partnership with nCino has already yielded
significant improvements in our mortgage operations,” said Shannon
McLenithan, Senior Vice President of Retail Lending at The Bank of
Bennington. “Expanding the relationship to include consumer lending
was the best next step for us. We’re committed to providing the
best possible experience for our customers, and with nCino’s
platform, which spans multiple business lines, we can do just
that.”
“Our partnership with The Bank of Bennington
exemplifies our commitment to delivering transformative solutions
to financial institutions of all sizes,” commented Will Cameron,
Senior Vice President of Community and Regional Banking at nCino.
“We’re proud to support the Bank as they continue to innovate and
enhance their customer experience and look forward to our continued
partnership.”
About nCino nCino (NASDAQ:
NCNO) is the worldwide leader in cloud banking. Through its single
software-as-a-service (SaaS) platform, nCino helps financial
institutions serving corporate and commercial, small business,
consumer, and mortgage customers modernize and more effectively
onboard clients, make loans, manage the loan lifecycle, and open
accounts. Transforming how financial institutions operate through
innovation, reputation and speed, nCino is partnered with more than
1,800 financial services providers globally. For more information,
visit www.ncino.com.
About Bank of Bennington
The Bank of Bennington, founded in 1917, is a
full-service mutual community bank headquartered in Bennington, VT
with branches in Manchester, Bennington, Arlington and Rutland,
VT. Known for its customer service, financial strength, and
community involvement, the bank offers financial planning services
and an array of deposit and loan products including checking,
savings, certificates of deposit, retirement plans, and loan
accounts for personal and commercial customers. Bauer
Financial, an independent bank-rating service, has awarded The Bank
of Bennington their 5-star ‘superior’ rating for over thirty
consecutive years.
Media Contacts Natalia Moose
press@ncino.com Safe Harbor
Statement 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 Apr 2024 to May 2024
nCino (NASDAQ:NCNO)
Historical Stock Chart
From May 2023 to May 2024