Alba Bank Adopts nCino Cloud Banking Platform for SME Lending
UK’s newest challenger bank dedicated to supporting SMEs to be powered by nCino’s single platform.
Press Releases |
ThinCats Improves the SME Banking Experience for Clients with nCino
Other Topics
Small Business Banking
LONDON, Nov. 10, 2020 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that leading alternative mid-sized business lender, ThinCats, is expanding its use of the nCino Cloud Banking Platform across its wider SME lending processes. The extension follows the successful deployment of nCino’s Coronavirus Business Interruption Loan Scheme (CBILS) workflow this summer. The CBILS programme highlighted the ever-increasing importance for fast loan processing as small and medium-sized businesses endeavor to restart trade. In response to the pandemic, ThinCats quickly embraced a digital-first mindset and a new technology solution. By adopting nCino’s cloud-based platform, ThinCats has been able to manage CBILS loans from the initial application through drawdown and beyond, including ongoing monitoring and customer servicing.
By implementing additional features and functionalities of nCino’s cloud-based technology, all of ThinCats’ SME clients will now have an enhanced digital lending experience, not just those applying for CBILS loans. Through the next phase of implementation, ThinCats will utilise nCino to manage and improve the time-consuming process of collating documents through nCino’s Document Management, Collateral Management and Covenant features.
“After carefully considering other solutions available in the Salesforce ecosystem, we are delighted to be working with nCino for a wider rollout of the nCino Cloud Banking Platform across our operations,” said Steve O’Neill, Chief Technology Officer at ThinCats. “We pride ourselves on delivering a personal, local and flexible service to businesses and their advisers through our regional network. Our partnership with nCino means that we can spend more time shaping the right funding solution for our clients and less time on manual administration. nCino’s technology is tried and tested in the business lending sector and we look forward to maintaining a long-term partnership.”
Edward Lane, VP Sales at nCino – EMEA said, “The power of technology and cloud operations has been put under a spotlight during the pandemic. Through our CBILS partnership, nCino enabled ThinCats to provide its clients with loan decisions and funding quickly and across any digital channel. We’re pleased that this evolution of our relationship will provide ThinCats the opportunity to realise even more benefits for its staff and clients and are excited to be working with them in this additional capacity.”
Related Articles
nCino’s Cloud Banking Platform Streamlines Dodd-Frank 1071 Compliance Support for Financial Institutions
Recent enhancements to nCino’s Small Business Banking Solution allows banks and credit unions to easily adopt and comply with Section 1071 of the Dodd-Frank Wall Street Reform Consumer Protection Act as part of the end-to-end lending process.
nCino Announces Partnership with Grasshopper to Streamline Bank’s Internal Processes and Enhance Client Experience
Grasshopper, a digital bank, has partnered with nCino to improve its commercial and SBA lending businesses. nCino's cloud-based banking platform will help Grasshopper to improve its internal efficiency, speed to market, and customer experience.
Johnson Financial Group Selects nCino to Modernize Multiple Lines of Business
Midwest community bank moves to single platform to help ensure customer experience is at the forefront of every interaction.
nCino Launches Enhanced Small Business Banking Solution at American Banker Conference
In the past, PeoplesBank has leveraged the nCino platform to serve its small business clients well, and now the Bank is live on nCino’s Small Business Banking Solution as well. This solution will give PeoplesBank additional functionalities that will enable them to better serve its small business clients. PeoplesBank’s Amy Doll will be speaking in a keynote session alongside Garrett Adams on the success the Bank has continued to see with nCino.
