Pennsylvania-based CNB Bank has selected nCino’s Bank Operating System to digitise its retail lending process.
The bank, which has $3.2bn in assets, intends to utilise the nCino platform to streamline onboarding, document management and lending through a single system.
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The nCino Bank Operating System is a cloud-based solution that integrates customer relationship management (CRM), onboarding, account opening, loan origination, credit analysis and instant reporting capabilities among other tasks on one platform.
The deployment eliminates manual processes and increases transparency, mitigating lending risks and regulatory exposure.
Additionally, the move is expected to boost collaboration among bank employees and facilitate customer-to-banker flow of information.
CNB Bank vice-president of retail banking Ruth Anne Ryan-Catalano said: “We wanted a platform that could work with our existing processes along with the ability to be configured to meet our unique needs, both today and as future market forces demand.
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By GlobalData“We selected nCino because it met that criteria and can also provide us with back-end processing capabilities that will allow our employees to conduct their business with greater speed and visibility.”
nCino focuses on delivering cloud-banking solutions to financial institutions. It works with more than 250 financial institutions globally including Allied Irish Banks and Columbia Bank.
Recently, nCino completed a funding round to further develop its nCino Bank Operating System. According to a SEC filing, the company secured around $80m in the round.
