Coast Capital Enhances Digital Offerings With nCino Platform nCino’s Online Lending Solution Now Available to Credit Union Members and Small Businesses

TORONTO and SURREY, British Columbia, March 23, 2021 (GLOBE NEWSWIRE) – nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking solutions and digital transformation, today announced that the world’s largest credit union of Canada in terms of membership and one of the premier federal credit unions, Coast Capital, is now live on the nCino Bank operating system®. The functionality of the nCino Bank operating system has enabled Coast Capital to operate more efficiently, manage risk and compliance more effectively, and optimize and accelerate the deployment of a solution across the organization.

As the first financial institution in Canada to introduce the system, Coast Capital introduced the nCino banking operating system to further improve agility and scalability as the credit union continues to expand into new markets.

“When we hired nCino, our vision was to simplify our process and move away from various aging systems,” says Lisa Colangelo, Coast Capital senior vice president, Retail Banking. “We needed a seamless digital solution that could improve both the experience for our employees and that of our members. “

With nCino, Coast Capital members can now interact with the platform through a variety of channels including in-branch, online, through the Coast Capital Advisory Center, and through the organization’s small business advisory team. In addition, the platform increases transparency in each line of business, producing a best-in-class workflow across the organization as part of an end-to-end loan origination process.

To complete the implementation, Coast Capital also worked with nCino on business, retail and small business solutions to further leverage a single platform approach.

“Coast Capital understands that the needs of consumers in the financial industry are changing,” said Cam Sterrett, Managing Director of nCino, Canada. “The nCino platform digitizes and automates multiple lines of business to meet current member needs and market expectations, while innovating and evolving into the future. We are excited to continue our work with Coast Capital to provide an experience that will elevate the institution as a leader in financial services in Canada.

About nCino
nCino (NASDAQ: NCNO) is the global leader in cloud banking. The operating system of the nCino bank® provides financial institutions with scalable technology to help them increase revenues, increase efficiency, reduce costs and comply with regulations. In a digitally driven world, nCino’s unique digital platform improves the employee and customer experience to enable financial institutions to more effectively onboard new customers, grant loans and manage overall loan lifecycle, and open deposits and other accounts across all lines of business and channels. . Transforming the way financial institutions work through innovation, reputation and speed, nCino works with more than 1,200 financial institutions around the world, with assets ranging from $ 30 million to over $ 2,000 billion . For more information visit: www.ncino.com.

About Coast Capital
Coast Capital is Canada’s largest credit union by membership and the first credit union in British Columbia to become a federal credit union. Owned by its 593,000 members, Coast Capital provides banking and investing services digitally across Canada and through its 52 branches in the metropolitan areas of Vancouver, Fraser Valley, Okanagan and Island from Vancouver, British Columbia. A caring company of Imagine Canada and a B Certified Company in recognition of its social performance, Coast Capital invests 10 percent of its profits in the community with a focus on youth-focused organizations, programs, partnerships and events. The credit union has been recognized as a member of Canada’s Most Admired Corporate Cultures Hall of Fame and holds the Platinum Club Best Managed Company designation. Coast Capital is used to introducing innovative products to help its members achieve financial well-being, including Canada’s first free checking account from a full-service financial institution and Help Extras®, allowing members to invest in their future. To learn more, visit coastcapitalsavings.com.

MEDIA CONTACTS
Claire Sandstrom, nCino Ryan kelly, ncino
+1 646.520.0710 +1 732.770.5942
csandstrom@mww.com ryan.kelly@ncino.com

This press release contains forward-looking statements within the framework of 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,”, “,”, “,”‘ ‘- “” similar expressions. All forward-looking statements contained in this press release are based on the historical performance of nCino and its current plans, estimates and expectations, and do not constitute a representation that such plans, estimates or expectations will be realized. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may change these expectations and, except as required by law, nCino assumes no obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties which could cause actual results to differ materially. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino 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 documents filed by nCino with the SEC from time to time.

Main logo


Source link

David A. Albanese