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Consolidation of a number of techniques to nCino’s cloud banking platform will present superior agility so UK specialist mortgage lender can proceed to remain forward of adjusting buyer and market expectations
LONDON, Nov. 15, 2023 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the worldwide monetary providers business, at this time introduced a strategic partnership with OneSavings Financial institution (OSB) to supply the establishment with a cloud-based single platform that may assist streamline conventional banking processes corresponding to underwriting and mortgage origination. The partnership will assist OSB because it additional innovates its mortgage and lending operations by way of know-how investments whereas sustaining a excessive stage of customer support and regulatory compliance.
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OSB, a part of OSB Group, is a number one specialist mortgage lender, primarily centered on fastidiously chosen sub-segments of the mortgage market corresponding to Purchase to Let; Residential, together with Assist to Purchase and shared possession; advanced business and semi-commercial; improvement finance; bridging; and asset finance.
The UK mortgage business is going through a number of challenges, together with evolving buyer calls for and speedy adjustments in laws. So as to add to this, many suppliers have outdated legacy IT techniques that hinder their capacity to adapt shortly when confronted with shifting financial circumstances or altering rates of interest. This leaves many lenders with out the flexibleness or agility they should deal with new calls for.
OSB is taking an lively management place within the UK lending market by implementing the nCino platform to boost the effectivity of its lending processes. By means of the partnership with nCino, OSB will achieve a totally configurable, single platform answer that may create agility in its lending practices and supply flexibility to repeatedly monitor the financial setting, pivot at pace and alter itself accordingly whereas offering a superior expertise for its clients and brokers.
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About nCino
nCino (NASDAQ: NCNO) is the worldwide chief in cloud banking. By means of its single software-as-a-service (SaaS) platform, nCino helps monetary establishments serving company and business, small enterprise, shopper, and mortgage clients modernize and extra successfully onboard purchasers, make loans, handle the mortgage lifecycle, and open accounts. Reworking how monetary establishments function via innovation, status and pace, nCino is partnered with greater than 1,850 monetary providers suppliers globally. For extra info, go to www.ncino.com.
About OSB
OSB Group, a member of the FTSE 250 index, gives specialist lending and retail financial savings via its business main manufacturers and is authorised by the Prudential Regulation Authority, a part of the Financial institution of England, and controlled by the Monetary Conduct Authority and Prudential Regulation Authority.
Media Contacts
Natalia Moose
press@ncino.com
This press launch comprises forward-looking statements inside the secure harbor provisions of the Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements usually embrace actions, occasions, outcomes, methods and expectations and are sometimes identifiable by use of the phrases “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “initiatives,” “might,” “will,” “might,” “would possibly,” or “continues” or related expressions. Any forward-looking statements contained on this press launch are primarily based upon nCino’s historic efficiency and its present plans, estimates, and expectations, and are usually not a illustration that such plans, estimates, or expectations can be achieved. These forward-looking statements characterize nCino’s expectations as of the date of this press launch. Subsequent occasions might trigger these expectations to vary and, besides as could also be required by legislation, nCino doesn’t undertake any obligation to replace or revise these forward-looking statements. These forward-looking statements are topic to recognized and unknown dangers and uncertainties that will trigger precise outcomes to vary materially together with, amongst others, dangers and uncertainties referring to the market adoption of our answer and privateness and information safety issues. Further dangers and uncertainties that might have an effect on nCino’s enterprise and monetary outcomes are included in experiences filed by nCino with the U.S. Securities and Change Fee (obtainable on our website at www.ncino.com or the SEC’s website at www.sec.gov). Additional info on potential dangers that might have an effect on precise outcomes can be included in different filings nCino makes with the SEC occasionally.
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