Ncino, Inc. Stock Price, News & Analysis

Revolent Group has partnered with nCino to address the rising demand for skilled professionals in the cloud banking sector. This collaboration aims to develop a new generation of nCino-certified specialists through targeted training programs. By the end of 2022, they plan to place around 200 new professionals globally. The partnership focuses on closing the tech skills gap in financial institutions, ensuring they have the necessary talent to meet digital demands. This initiative includes investing in dedicated training and expanding certification offerings.

nCino has announced that Pinnacle Bank in Elberton, Georgia, is utilizing Nexus Vision™ for mortgage operations optimization. This partnership aims to enhance profitability in mortgage operations, which have historically underperformed in terms of financial contribution. With Nexus Vision, Pinnacle has already achieved over a 50% reduction in mortgage cycle times and improved net mortgage income. SimpleNexus emphasizes the importance of data-driven decisions for business health, showcasing its commitment to transforming the mortgage sector for better shareholder value.

nCino reported fiscal year 2022 total revenues of $273.9 million, a 34% increase year-over-year, with Q4 revenues of $75.0 million, up 32% year-over-year. Subscription revenues reached $224.9 million for the year, rising 38% year-over-year. The company expects fiscal year 2023 total revenues between $398 million and $400 million. Despite strong revenue growth, nCino experienced a GAAP net loss of $49.4 million for the year, widening from $40.5 million the previous year. The company continues to expand its customer base, including significant deals with Wells Fargo.

nCino has announced an expansion of its partnership with Wells Fargo to enhance digital transformation in Small Business Banking. The collaboration aims to streamline lending processes through the nCino Bank Operating System®, improving accessibility and efficiency for both customers and employees. The move reflects a growing trend towards digital banking solutions, especially post-pandemic, as small business owners seek faster access to capital. nCino’s platform serves over 1,750 financial institutions worldwide, emphasizing its role as a leader in cloud banking.

nCino (NASDAQ: NCNO) announced a partnership with Natixis Corporate & Investment Banking to enhance automated processes in credit decisioning and financial analysis. Utilizing nCino's AI-powered solutions, Natixis aims to improve efficiency and streamline credit journeys. The partnership aligns with Natixis' 2024 strategic plan to invest in technology for competitiveness. nCino's platform is positioned to support global financial institutions, focusing on automation and client service enhancement.

nCino (NASDAQ: NCNO) announced its digital transformation partnership with RedZed, an Australian mortgage lender for the self-employed, implementing the nCino Bank Operating System® to streamline their mortgage origination process. The collaboration aims to enhance automation, improve loan volume, and reduce costs. The integrated solution complies with the National Consumer Credit Protection Act 2009 and enables RedZed to manage its client portfolio more effectively. The successful project was executed with the support of PwC Australia, ensuring a smooth transition despite remote work challenges.

nCino (NASDAQ: NCNO) announces significant expansion in the EMEA region by opening new offices in Spain and France, complementing its existing presence in Germany and the UK. The workforce has grown by nearly 50% to enhance localization of the nCino Bank Operating System® and drive digital transformation for financial institutions. The company reinvested 26% of its FY21 revenues into R&D, launching new features like Automated Spreading which improves processing efficiency by 75%. nCino continues to see increased traction with clients across Europe.

nCino (NASDAQ: NCNO) announced that Huntingdon Valley Bank is live on its Commercial Pricing and Profitability solution, enhancing their client focus through AI-powered technology. The previous manual processes limited profitability transparency and speed. The new system improves efficiency and real-time data insights for their commercial lending operations, enabling smarter, data-driven pricing decisions. This partnership reflects nCino's commitment to transforming financial institutions by providing a single platform for optimized profitability and enhanced client experiences.

nCino (NCNO) has announced that Arbuthnot Latham & Co. will implement its Bank Operating System to enhance their banking services. This decision follows the successful deployment of nCino's platform at Arbuthnot Specialist Finance Limited. The collaboration aims to modernize technology across private and commercial banking, improving client experiences by optimizing customer relationships and enhancing operational efficiency. Key benefits include increased transparency, streamlined lending processes, and reduced credit cycle times, ultimately supporting Arbuthnot Latham's client-centric approach.