Ncino, Inc. Stock Price, News & Analysis

nCino has signed a long-term sponsorship deal with the City of Wilmington to support the development of the nCino Sports Park. This partnership aims to enhance youth sports accessibility in Wilmington, North Carolina. The park, which will be upgraded from a seven-field soccer complex to include 11 full-sized fields, is expected to host up to 140,000 visitors annually. The City is investing $10 million in the project, with plans to break ground by Fall 2021.

nCino (NASDAQ: NCNO) announced that Boston Private has successfully implemented the nCino Bank Operating System®, enhancing its commercial banking operations. This integration streamlines client onboarding, loan origination, and deposit account opening, thus improving efficiency. Boston Private's leadership emphasized the goal of a frictionless banking experience for clients and employees. The technology platform enhances transparency and convenience, aligning with evolving client expectations in the financial services industry.

nCino (NASDAQ: NCNO) announced that Amerant Bank has expanded its partnership, implementing nCino's Retail Banking Solution and nIQ Portfolio Analytics. This move enhances Amerant's digital transformation strategy, providing a comprehensive platform for both commercial and retail loan origination. The bank aims to improve client experiences and operational efficiency through streamlined workflows and advanced analytics. Amerant, with nearly $8 billion in assets, emphasizes the importance of digital engagement in today’s financial landscape.

nCino reported Fiscal Year 2021 total revenues of $204.3 million, a 48% increase year-over-year, with Q4 revenues at $56.6 million (+47%). Subscription revenues surged 57% to $162.4 million for the year, with Q4 subscription revenues reaching $45.0 million (+43%). The company achieved a subscription revenue retention rate of 155%. However, net losses increased, with a GAAP net loss of $40.5 million for the year. Guidance for Fiscal Year 2022 projects revenues between $253 million and $255 million.

nCino has appointed Zedrick Applin as its first Program Manager of Diversity, Equity, Inclusion & Community, aiming to enhance local community support and inclusion efforts. Applin, who joined nCino in 2019, will lead initiatives to strengthen the company's DEI and philanthropic programs, including its community service team, nVolve. In 2020, nVolve supported over 50 non-profits in the Wilmington area. The move underscores nCino's commitment to positively impacting communities, especially as they recover from challenges faced during the pandemic.

nCino's online lending solution is launched for Coast Capital, Canada’s largest credit union, enhancing efficiency and compliance. This system, integrated across Coast Capital’s operations, allows members to access services in-branch and online. The collaboration aims to improve member experience while meeting evolving market demands. Coast Capital is the first Canadian institution to adopt the nCino Bank Operating System, which streamlines loan origination and offers comprehensive retail and small business solutions. nCino continues to position itself as a leader in cloud banking.

nCino's General Manager of EMEA, Jennifer Geary, will speak at two major fintech events: FinovateEurope 2021 and the Paris Fintech Forum.

Geary will participate in a panel at FinovateEurope on March 23, discussing 'A Hybrid Digital Customer Experience,' alongside leaders from prominent banks. She’ll also join the Paris Fintech Forum on March 25, focusing on 'Financial Services in a Box.' Geary emphasized the importance of omnichannel solutions in the post-COVID-19 landscape, stating nCino's expertise can help the financial sector navigate current challenges.

nCino, a leader in cloud banking technology, announced that First Horizon Bank is implementing its Bank Operating System post-merger with IBERIABANK. This deployment involves more than 2,000 associates and aims to enhance commercial and small business lending as well as treasury management. The platform will deliver improved efficiency, transparency, and automation, ultimately accelerating decision-making and funding processes for clients. This strategic move follows a successful partnership with IBERIABANK, enabling First Horizon to leverage nCino's technology for a better client and associate experience.

nCino (NASDAQ: NCNO) has partnered with Citadele Bank, the second largest bank in Latvia, to modernize its corporate lending processes using the nCino Bank Operating System. This collaboration aims to improve the efficiency of loan applications and enhance the client experience by digitizing the loan origination process. Citadele's adoption of nCino's platform will lead to reduced costs, improved audits, and greater visibility in the lending workflow. The bank seeks to enhance its digital strategy amidst growing competition in the Baltics.