nCino and Accenture help Vancity transform its commercial lending operations

TORONTO, Dec. 01 2020 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, and Accenture (NYSE: ACN) supported VanvilleCanada’s largest community credit union, in evolving its commercial lending business through the implementation of the nCino Bank Operating System®.

With over $28.2 billion in assets and over half a million members, Vancity was looking for agile technology to grow their commercial lending business and replace a 15-year-old legacy system. The credit union chose the nCino Bank operating system, an end-to-end cloud platform that manages the entire loan lifecycle, including origination, loan review, renewals and changes, eliminating the need to combine various point solutions.

Working alongside the Vancity and nCino teams, Accenture helped implement the nCino platform on time and on budget, despite the project taking place amid the COVID-19 pandemic – which made nature based on the cloud platform especially important, as Vancity members and employees moved to a remote work environment.

In addition to benefiting Vancity’s commercial loan portfolio, the nCino platform helps 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 it sees fit to best meet its ever-changing needs.

“By adopting nCino for our commercial lending operations, we have embraced cloud-based technology with regular updates and releases that will evolve with us and help us stay competitive and agile,” said Nez Aquino, chief operating officer. risks at Vancity. “We see nCino as an incredible value addition to our organization, not only from a platform perspective, but also as partners along our digital transformation journey.”

“Digital transformation is a priority for commercial banks of all sizes, and in particular for credit unions, as they adapt to changing customer dynamics and face aging legacy systems and growing pressure. competition in a challenging environment,” said Robert Vokes, Accenture Financial Services. practice leader in Canada. “Vancity’s decision to scale its operations and streamline various activities with nCino’s cloud platform will help it deliver an enhanced and personalized experience that meets the changing 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 employees to bring it to life for our customers. »

“Vancity is a great Canadian brand and a true leader in the credit union space, and they should be very proud of how they’ve contributed to the development of the communities they serve,” said Cam Sterrett, vice -Regional President and General Manager – Canada at nCino. “With nCino, Vancity has put in place a foundational system that will give them the ability to grow their digital member interface and further fulfill their mission of improving the financial well-being of their members. We greatly appreciate the great work that our organizations, alongside Accenture, have been able to accomplish together thus far and look forward to expanding these relationships in the future.

About nCino
nCino (NASDAQ: NCNO) is the global leader in cloud banking. The nCino Bank Operating System® provides financial institutions with scalable technology to help them increase revenue, increase efficiency, reduce costs and comply with regulations. In a digital world, nCino’s unique digital platform enhances the employee and customer experience to enable financial institutions to more efficiently onboard new customers, issue loans, and manage the entire credit cycle. loan life, and open deposit and other accounts across lines of business and channels. . Transforming the way financial institutions work through innovation, reputation and speed, nCino works with over 1,200 financial institutions globally, with assets ranging from $30 million to over $2 trillion . For more information visit: www.ncino.com.

About Vancity
Vancity is a values-based financial cooperative 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, in the unceded territories. Coast Salish and Kwakwaka’wakw. With $28.2 billion in assets and 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 helping to develop healthy communities that are socially, economically and environmentally sustainable.

About Accenture
Accenture is a global professional services company with industry-leading digital, cloud and security capabilities. Combining unparalleled experience and specialist skills in more than 40 industries, we offer strategy and advisory, interactive, technology and operational 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 customers in more than 120 countries. We embrace the power of change to create value and shared success for our customers, employees, shareholders, partners and communities. Visit us at accenture.com.

MEDIA CONTACTS
Claire Sandstrom, nCino Natalia Moose, nCino
+1 646.520.0710 +1 910.248.4602
[email protected] [email protected]

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 the use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” ” will”, “could”, “might” or “continue” or similar expressions. All forward-looking statements contained in this press release are based on nCino’s historical performance and its current plans, estimates and expectations, and do not constitute 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 change these expectations and, except where If required by law, nCino undertakes no obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially. Additional risks and uncertainties that could affect nCino’s business and financial results are included in nCino’s filings with the United States Securities and Exchange Commission (available on our website at www.ncino.com or on the SEC’s website at www.sec.gov). Further information about potential risks that could affect actual results will be included in other filings by nCino with the SEC from time to time.

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