nCino Aquires Visible Equity

Founded in 2008, Visible Equity is a software as a service (SaaS) company that provides portfolio management, analytics and compliance solutions to banks and credit unions. The combination of Visible Equity’s advanced analytics software with nCino’s best-in-class Cloud Banking Platform brings new functionality and benefits to end users, including:

• Enhanced portfolio management with increased analytical insights across any financial institution’s portfolio, drilling down to individual deposits and loans;

• Increased confidence in overall portfolio risk assessment including probability of default and loss-given default models;

• Regulatory compliance combined with state-of-the-art analytics to manage, monitor and comply with fair lending; and

• A comprehensive ALLL/CECL solution that effectively accounts, through robust models, for loan impairment and expected loss, and instantly produces reports and disclosures.

“Visible Equity is a perfect complement to our vision, mission and company culture,” said Pierre Naudé, CEO of nCino. “From the very beginning, nCino’s mission has been to transform financial services through innovation, reputation and speed, and we believe this acquisition will further enable us to execute on that mission. We’re extremely excited to expand the nCino Cloud Banking Platform to provide even more advanced analytics and compliance capabilities to our clients, enabling them to drive greater insights, efficiency and risk management while furthering their customer relationships.”

Tara Lathrop, Supervisor of Leadership Support and Innovative Solutions at Corning Credit Union, said, “The industry is changing at a rapid pace and digital transformation and risk management is a continuous journey and challenge. Our members and employees are constantly looking for best-in-class technology, process efficiency, data insights, and risk management tools. These are the reasons why we already partnered with nCino and Visible Equity. Both companies have always had a philosophy of being able to fully support and scale with their clients and this acquisition highlights nCino’s vision of being able to offer more to respond to changing industry and client needs. We’re very excited about this combination, particularly as we continue to grow and scale as an organization.”

While Visible Equity and nCino will continue to offer their products separately to the market, the two platforms will become fully integrated to provide a seamless client and cloud-based experience, as well as an unparalleled portfolio management and regulatory compliance platform.