Ncino, Inc. Stock Price, News & Analysis

nCino (NASDAQ: NCNO) announced the successful implementation of its Bank Operating System at WestStar Bank, a $2.5 billion asset institution, improving loan origination and operational efficiency. The collaboration with Enforce Consulting enabled WestStar to transition from outdated systems to a comprehensive, cloud-based platform within months. This system optimizes workflows, enhances customer relationships, and empowers over 330 employees. WestStar plans to further adopt nCino’s Retail Banking Solution later this year.

nCino (NASDAQ: NCNO) will report its fiscal Q2 2022 financial results on September 1, 2021, after market close. A conference call is scheduled at 4:30 p.m. ET to discuss the results. The company, a leader in cloud banking solutions, aims to empower financial institutions with technology to enhance efficiency and compliance. Currently, nCino serves over 1,200 financial organizations worldwide, managing assets from $30 million to over $2 trillion. Investors can access the webcast via nCino's Investor Relations website.

nCino announced that S&T Bank, a $9.3 billion asset community bank, has successfully implemented the nCino Bank Operating System. This transition will help streamline processes, enhance their digital strategy, and improve client service across Pennsylvania, Ohio, and New York. By adopting nCino’s platform, S&T Bank will replace outdated systems, automate workflows, and provide a unified digital experience for commercial and small business clients, ultimately increasing efficiency and data-driven insights.

nCino, a leader in cloud banking solutions, announced the recipients of its inaugural Financial Services Impact Awards, judged by Celent. The awards recognize banks for their innovative use of the nCino Bank Operating System. Winners include Santander UK for Innovation, CoBank for Reputation, and Barclays for Speed. These awards showcase the impactful contributions of nCino customers to the financial services industry and highlight the successful integration of nCino technology, with monetary donations made on behalf of winners to chosen non-profits.

nCino announced a partnership with Summit Bank, a $761 million-asset institution in Oregon, to implement its cloud-based Bank Operating System. This collaboration aims to enhance Summit Bank's commercial lending operations, providing improved customer experiences and operational efficiency. The integration includes Automated Spreading solutions which will streamline financial tasks and support loan origination processes. nCino's technology is designed to meet evolving client needs in a rapidly changing banking environment.

nCino Inc. (NASDAQ: NCNO) announced its participation in three upcoming investor conferences on June 3, 2021. The events include the Bank of America 2021 Global Technology Conference on June 8, the RW Baird 2021 Global Consumer, Technology & Services Conference on June 10, and the KeyBanc Capital Markets Cloud & Open Banking Spotlight on June 14. Each presentation will be accessible via live webcast and replays on the Company’s Investor Relations website, enhancing transparency for investors.

nCino, Inc. (NASDAQ: NCNO) reported a strong first quarter for fiscal 2022, with total revenues reaching $62.4 million, a 39% increase year-over-year. Subscription revenues also grew by 47% to $51.0 million. However, the company reported a GAAP loss from operations of ($15.5 million), significantly higher than last year’s ($4.3 million). Looking ahead, nCino expects second-quarter revenues between $63 million and $64 million and full fiscal year revenues between $258 million and $260 million. Cash and equivalents stood at $386.5 million.

nCino has successfully launched its online and in-branch Deposit Account Opening solution at Sunrise Credit Union, enhancing customer experience and operational efficiency. This implementation allows Sunrise to significantly reduce account opening times and improve member onboarding by approximately 50%. In addition to this solution, Sunrise has invested in nCino's Commercial Banking, Retail Banking, and Residential Mortgage solutions to further automate and streamline processes. With around 34,000 members, Sunrise aims to provide enhanced digital services, meeting evolving member needs.

nCino announces that Hamburg Commercial Bank (HCOB) will be the first lender in Germany to implement the nCino Bank Operating System® as part of its digital transformation efforts. This deployment aims to enhance operational efficiency, risk management, and client interaction by automating financing processes and unifying existing systems. HCOB seeks to improve credit decision times and transparency for clients. The collaboration is expected to modernize HCOB’s infrastructure, and Accenture will assist in the implementation process.