Community bank chooses nCino’s robust, single platform to best serve its communitySmartBank, a subsidiary of SmartFinancial, has chosen nCino's Bank Operating System to enhance its digital capabilities and improve customer experience. The move to nCino's platform will enable SmartBank to streamline its operations, simplify the lending process and support its active merger and acquisition strategy while replacing outdated legacy systems.

Data and analytics have been buzzwords for years in the financial services industry, but only recently have banks started using data analytics to meaningfully drive revenue and improve the customer experience. Today, banks on the leading edge are using advanced analytics to inform and prioritize among marketing campaigns, and then automate those campaigns so that dozens, if not hundreds, can be run simultaneously by financial institutions of any size.

Growing revenue in a responsible way has always been a challenge for banks, but it’s not the growing part that’s hard. A bank can grow revenue by simply easing underwriting standards and boosting loan volumes. But this increases credit risk, leading to higher charge-offs in the future. Thus, this is not an ideal growth strategy for long-term success. The challenge is to grow revenue responsibly, ideally in a way that doesn’t require regular infusions of capital.

Commercial loan pricing at financial institutions is traditionally a manual, complex exercise. Often, pricing and profitability calculations are trapped deep within Excel workbooks or other disconnected back-office systems, and using and maintaining these systems can be tedious, error prone and time consuming. While point solutions for strategic pricing can remove the complexity of an Excel based system, they don’t adequately integrate into the loan origination system. These disparate systems can impact all areas of the organization, from the relationship manager up to the executive level.

That’s why we’re excited to share nCino’s Commercial Pricing & Profitability solution. This solution enables customers to price commercial loans on-platform, within the nCino commercial LOS, and to optimize loan pricing based on the unique policies and financial targets of each bank to maximize profitability.

The COVID-19 pandemic became a catalyst for the digital transformation of financial institutions worldwide, making technologies such as the cloud and artificial intelligence (AI) essential components for business and success.

As the worldwide leader in cloud banking, nCino's mission is to transform the global financial services industry through innovation, reputation, and speed.

From day one we knew a strong culture was key to our success, which is why we’ve worked hard to cultivate a working environment our employees love. Crucial to maintaining this strong culture is empowering employees to think bigger, encouraging new ideas to promote innovation, providing teams with the resources to be successful, and – most importantly – having fun while working hard.

The COVID-19 pandemic has permanently reshaped many industries, including financial services. Financial institutions around the globe have responded to these changes by becoming more proactive, adaptive and innovative, resulting in new industry trends. Wondering what to expect in 2022?

We surveyed executives in the financial services industry and identified the top four commercial banking trends for 2022.

nCino now offers certifications for our core solution areas! The nCino certification program is a valuable resource for learners who want to demonstrate their knowledge and skills in nCino's software.

Digital banking platform streamlines and simplifies onboarding for business customers.